CEMENT

Adani Group Acquires Penna Cement At Enterprise Value Of Rs.10,422 Crore

Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL from its existing promoter...

Cement Price Surges Spell Trouble For Affordable Housing, Warn Experts

Following the recent increase in cement prices nationwide, builders anticipate a detrimental effect on the already sluggish demand for affordable housing, as well as potential impacts on retail consumers, large-scale construction projects, and infrastructure endeavors. Major cement manufacturers in India announced price hikes ranging from Rs 10-15 per bag in...