cement industry

Ultratech-India Cements Deal: Can be mutually beneficial for both companies, says Prabhudas Lilladher

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Ultratech-India Cements Deal: Can be mutually beneficial for both companies, says Prabhudas Lilladher

UltraTech Cement, on June 27, announced that its board has approved the acquisition of a 23 percent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 per share, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a 28.42 percent stake in India … Read more

JK Cement’s focus on expansion will bolster volumes but keep debt elevated

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Investors in JK Cement Ltd are sitting on handsome gains, with its shares having rallied 62% over the past year due to a combination of factors that could boost its earnings performance. Amid heightened competition, timely capacity additions and strategic regional diversification have boosted JK Cement’s prospects, and grey cement volume growth has been good. … Read more