Irish building materials firm CRH Plc said it would buy U.S. cement maker Ash Grove Cement Co in a $3.5 billion deal to expand in North America. Ash Grove said it estimated to be valued in the range of about $449 to...
Jaypee plans to raise Rs 2,000 crore, to sell Bhilai Jaypee Cement
Debt-ridden Jaiprakash AssociatesBSE 3.14 % today said its proposed sale of entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and...
Ramco Cements to invest over Rs 1,000 crore
Tamil Nadu-based cement manufacturer Ramco Cements is planning to invest around Rs 1,095 crore in various projects, including expansion of its satellite grinding unit capacity, said a senior management official. The...
JSW Cement eyes Rs 25,000-30,000 crore valuation by 2019
JSW Cement, a JSW group company is eyeing at a valuation of around Rs 30,0000 crore when it hits the IPO street with 10 per cent dilution. “We are looking at raising Rs 2,500-Rs 3,000 crore from diluting 10 per...
UltraTech completes acquisition of Jaiprakash group cement business
UltraTech Cement has completed the Rs 16,189 crore acquisition of Jaiprakash Associates’ six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes. The scheme implementation...
Minority shareholders challenge India Cements merger plan at NCLAT
Minority shareholders of Trinetra Cements, a subsidiary of Chennai-based Cements major India Cements, have moved the National Company Law Appellate Tribunal(NCLAT), challenging the plan to merge the two companies. Delhi...
Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr
CK Birla Group firm Orient Cement Ltd today said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore. Orient Cement...
Jaypee, UltraTech Cement looking to seal Rs16,189 crore deal by July
The Aditya Birla group’s Ultratech Cement Ltd’s Rs16,189 crore acquisition of the cement business of Jaiprakash Associates Ltd is expected to be completed soon, a top group executive said in an interview. “The...
LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech
Cement giant LafargeHolcim has initiated a process that could lead to the union of its Indian operations ACCBSE 0.06 % and Ambuja Cement, following months of speculation that this could be happening. ACC is evaluating a...
Labour union alleges big scam in L&T cement sale to Grasim in 2005
A labour union on Thursday alleged many irregularities in the 2004-05 sale of Larsen & Toubro’s cement business to Grasim and accused outgoing chairman AM Naik of cornering Rs 600 crore from the transaction...
Government plans to sell non-operational units of Cement Corporation of India
The government today said it is planning to sell off non-operational units of Cement Corporation of India (CCI) as part of strategic sale of loss-making companies. “As far as CCI is concerned, non-operating units...
Ambuja Cement gains nearly 6% on reports of merger with ACC
Ambuja Cements gained as much as 5.8% to Rs 242.65 during intra-day on reports of LafargeHolcim mulling merger of ACC and Ambuja Cements. ACC also rose over 5% to Rs 1,500 on the reports despite its consolidated net...
