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INDIA CEMENTS NEWS

Srinivasan exits India Cements, sells 32.72% stake to UltraTech Cement for Rs 3,954 crore

July 29, 2024 6:28 am

India Cements is currently controlled by the N Srinivasan and family. Srinivasan was earlier Chairman of the International Cricket Council (ICC) and President of the Board of Control for Cricket in India (BCCI).

UltraTech to acquire India Cement; buy 32.72% promoters' stake for Rs 3,954 crore

July 28, 2024 6:56 pm

This announcement comes a month after Adani Group, the second largest cement maker announced the acquisition of Hyderabad-based Penna Cement for Rs 10,422 crore, which will add 14 MTPA, taking its capacity to 93 MTPA.

UltraTech Cement to acquire 23% stake in India Cements for over Rs 1,900 cr

June 27, 2024 10:12 pm

UltraTech will become the second largest shareholder in the ICL, which has a manufacturing capacity of 16 MTPA, including 1.5 MTPA from its subsidiary Trinetra Cement Ltd.

R Ashwin returns to Chennai Super Kings fold, joins India Cements

June 05, 2024 8:12 am

The transfer move means there is a strong possibility that Ashwin could reunite with CSK at the big player auctions scheduled for the end of this year.

Shah urges Tamil Nadu govt to impart tech education in Tamil

November 14, 2022 7:04 am

Prime Minister Narendra Modi had shown special focus on the growth of the southern state, the Union Minister added.

Economy fast paced under PM Modi's rule, says Amit Shah

November 14, 2022 7:02 am

Shah was speaking during the 75th platinum jubilee celebrations of N Srinivasan-helmed The India Cements Ltd

India Cements Q2 net loss at Rs 113.26 crore, revenue up 7.46% to Rs 1,327 crore

November 07, 2022 1:26 pm

The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing.