Fuelled by a consolidation wave and rising confidence in the country’s economic growth prospects, merger, and acquisition (M&A) activity increased to $69.75 billion across 1,195 announced transactions in 2016...
Dalmia Bharat Group to invest Rs 2,000 crore on Odisha plant
Dalmia Bharat Group has announced an investment of Rs 2,000 crore to expand the capacity of its cement plant in Odisha. Group company Dalmia Cement Bharat Ltd has 74.6 stakes in OCL India, a leading cement maker with...
India Cements plans to invest around Rs 400 cr
India Cements Ltd (ICL) is planning to invest around Rs 400 crore as capex till next fiscal. N Srinivasan, vice chairman and managing director, India Cements, said that the company has envisaged a capexof Rs 200 crore...
Shree Cement in bid to buy Shiva Cement
Mumbai: Shree Cement Ltd has submitted a preliminary offer to buy a majority stake in Odisha-based Shiva Cement Ltd, two people aware of the development said. “The promoters of Shiva Cement have been in exit mode for a...
LafargeHolcim increases stake in ACC & Ambuja
Global cement major LafargeHolcim has, through its subsidiary Holderind Investments, increased shareholdings in ACC and Ambuja Cement. It bought 39.1 million shares of Ambuja Cement, taking its holding to 63.11 percent...
Mexico’s Elementia completes $213 mln capital hike for Giant buy
Mexico’s Elementia, a cement company partly owned by billionaire Carlos Slim, said on Thursday it had completed its 4.37 billion peso ($213 million) capital raise and could now complete its takeover of U.S. peer...
Dalmia Bharat, OCL India plan merger to create cement giant
NEW DELHI: The boards of Dalmia Bharat Limited and OCL IndiaBSE 4.79 % Ltd (OCL) have decided to merge the two entities, a move that will create the fourth largest cement maker in the country with an installed capacity...
Emami Group to invest Rs 8,500 cr in cement arm
Shortly after venturing into the cement space, the Emami Group is aiming at a capacity of 15-20 million tonnes (mt) in the next three to five years, from the existing 2.4 mt, investing Rs 8,500 crore to do so. The...
JSW Cement capacity expansion by 2018; forms JV with Aussie co
MUMBAI: JSW Cement, part of the $11 billion JSW Group, today said it plans to complete expansion of its capacity to 17 million tons (MT) by April 2018 and has entered into a joint venture with Australian firm Wagners to...
JSW Cement eyeing buyout of Shiva Cement
The $11-bn JSW Group’s cement arm JSW Cement is on the prowl for domestic assets as it looks to ramp up its production capacity and gain access to new domestic markets. ET NOW learns from multiple sources familiar...
Orient Cement front-runner to buy JP Associates stake in Bhillai JV
Orient Cement, part of the $1.6 bn CK Birla Group has emerged as the front-runner to buy out the majority stake of Manoj Gaur led Jaiprakash Associates in its subsidiary Bhillai Jaypee Cement, multiple sources familiar...
Lenders finalizing debt restructuring package for ABG Cement
Mumbai: Lenders to ABG Cement Ltd are in the process of finalizing a debt restructuring package for the company, after a recent management change, two people with direct knowledge said. Global commodities platform SIMEC...
