UltraTech Cement, which is already the largest cement maker in India, will further strengthen its leadership and gain additional scale, particularly in north India, with the acquisition of Binani Cement. Furthermore, the laters limestone reserves will help in low cost capacity expansion for the Aditya Birla Group-owned UltraTech, say analysts.
MUMBAI The acquisition of Lafarge Indias two cement units by Birla Corporation, the flagship of the MP Birla Group may come unstuck. There are questions being raised on the outcome of the deal, which is the biggest acquisition in the 96-year history of the Kolkata based cement maker.
UltraTech buys Jaypee cement units for Rs 15,900 cr The deal has valued the cement capacity at 107 per tonne. Of the total 21.2 mtpa capacity, four mtpa is under commissioning. The inking of the deal between UltraTech and Jaypee comes within a month of announcement of the due diligence exercise on February 28.
UltraTech Cement, a part of the Aditya Birla group, agreed to buy Jaiprakash Associates 21.2 million tonnes per annum mtpa cement capacity for Rs 15,900 crore on Thursday. While the deal will take UltraTechs cement capacity to over 91 mtpa from the present 68 mtpa, it.
UltraTech Cement, Indias largest cement maker and part of the Aditya Birla Group, on Tuesday said its board had agreed to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh .
Nirma Ltd. has agreed to acquire Lafarge Indias cement assets for about 1.4 billion Rs.9,400 crore, outbidding Sajjan Jindal-led JSW Cement and Piramal Enterprises, as.
India is the second largest producer of cement in the world. No wonder, Indias cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, both from Indian as well as foreign investors.
The cement operations have been transferred to the Group by Votorantim on July 19, 2010, which notably comprise two grinding stations, one cement plant, slag supply contracts and clinker supply to grinding.
UltraTech - Indias No 1 Cement brings to you expert tips and advice to help you at every step in your home building journey, from planning to finishing.
By Sushila Ravindranath. India Cements, the cement industry leader in the South, has seven integrated plants in Tamil Nadu and Andhra Pradesh, one in Rajasthan and two grinding units.
Binani Cement Limited has a global manufacturing capacity of 11.25 million tonnes per annum with integrated plants in India and China and grinding units in Dubai. 2. PLACE Binani Cement has a multinational distribution setup with a sales network in India,.
The note looks into the consolidation going on in the cement industry in India. Through its almost century long existence, the cement industry in India has grown to a stage where it has become the second largest producer of cement in the world. After the dismantling of government controls for the cement industry in 1989, the rate of growth in capacity addition in the cement industry increased.
Binani Cement, a subsidiary of Binani Industries BIL, has a manufacturing capacity of 11.25 million tonne of cement per year with integrated plants in India and China, and grinding units in .
Ultratech To Buy Dubais ETA Star Cement ... Ultratech currently has production facilities spread across five integrated plants, five grinding units, and three terminals across India and Sri Lanka. ... The company is targeting to become Indias biggest cement producer with 52 million tonnes, with this acquisition as well as the takeover of .
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Heidelberg Cement operates two integrated cement units besides two grinding plants in India. Heidelberg Cement share price skid 1.19 per cent to close at Rs 45.5 a unit on the BSE in a weak Mumbai market on Tuesday. JSW ISPAT Steel scrip also declined 1.6 per cent and last traded at Rs 9.32 a share.
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