Dalmia Bharat (Cement)’s deal to acquire cement assets from Jaiprakash Associates continues to linger, close to 15 months from the deal announcement date. With lenders to Jaypee Group reported to be in talks with National Asset Reconstruction Company Ltd (NARCL) and a separate arbitration raging between Jaiprakash Associates and UltraTech Cement, the Dalmia-Jaypee… Continue reading Dalmia’s deal to buy Jaypee Cement assets lingers with arbitration | News
Tag: cement
Orient Cement hits 52-week high on heavy volumes; zooms 25% in 3 days
Shares of Orient Cement rallied 13 per cent to hit a 52-week high of Rs 178 on the BSE in Monday’s intra-day trade on the back of heavy volumes. In the past three days, the stock of the cement & cement products company has zoomed 25 per cent. The upward movement in the stock price of… Continue reading Orient Cement hits 52-week high on heavy volumes; zooms 25% in 3 days
Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr
The Adani group will invest Rs 4,500 crore in acquiring the promoters’ stake and take over the company’s debt of around 1,500 crore, a banking source said. An announcement is expected any time. Sanghi Cement has a capacity of 6.1 mtpa and will help the Adani companies, Ambuja and it’s subsidiary ACC, to reach… Continue reading Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr
Competition for market share intensifies among cement companies in Q1
Shree Cement to invest Rs 7,000 crore to add 12 million tonnes of capacity Star Cement soars 11%, nears 52-week high on heavy volumes Cement stocks riding high on hopes of higher demand, capex push ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement… Continue reading Competition for market share intensifies among cement companies in Q1