UltraTech acquisition fuels market consolidation talks

Ultratech Cement’s acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. Photograph: Jayanta......

Adani Group aims to become leader in cement sector in 4 years

Ambuja Cements’ announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company’s first step for wider inorganic expansion, according to......

Why analysts remain selective on cement stocks

Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. Photograph: Rupak De Chowdhuri/Reuters While UBS has......

Dalmia Bharat to acquire cement assets of Jaypee

Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666......