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ADHUNIK CEMENT
Edelweiss set to take over Adhunik PowerSale of distressed assets to fetch lenders cash upfront for the first time.- Edelweiss ARC makes Rs 500-crore bid for AdhunikEdelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about r...
- Dalmia cememnt could be next Ultratech: Mehraboon IraniDalmia Cement in the cement pack will have the biggest upgrade coming in the cement sector after UltraTech over the next six months.
- Dalmia Cement ropes in executives from rival to strengthen operationsCement maker Dalmia Cement Bharat has roped in Mahendra Singhi as its managing director in its effort to consolidate cement operations.
- CCEA approves Rs 86-cr subsidy to Adhunik CementsGovernment today approved Rs 86.09 crore subsidy to Adhunik Cements, Meghalaya, a move that is likely to promote industrialisation in the N...
- Dalmia Bharat Q4 net profit up more than three-foldDalmia Bharat today reported more than three-fold jump in its consolidated net profit at Rs 37.12 crore for the quarter ended March 31.
- Barings PE to buy 14% in Lafarge India for 1,400 crorePrivate equity fund Barings Private Equity Asia will purchase a 14% stake in cement-maker Lafarge India for $256 million.
- Binani Industries in talks to sell up to 40% in cement arm to raise capitalBinani Industries is in talks with potential financial investors and state-owned funds in the Middle East to sell up to 40% stake in its su...
- JP Associates: Deleveraging and unit sale plan to boost companyIn the last one year, investor interest in the company’s stock was low due to high debt on its books and lack of clarity on redemption of i...
- Carlyle, KKR, Temasek and TPG in race for minority holding in LafargeBulge-bracket private equity funds are in talks to buy a minority stake in Lafarge as the French cement multinational taps new avenues to f...
- Cement industry likely to continue witnessing consolidationThe recent acquisition of Adhunik Cement by Dalmia Cement reaffirms the belief that the cement industry will continue to witness consolidat...
- Dalmia Cement acquires Adhunik Cement for Rs 560 croreThe equity value of the deal to buy Adhunik will be 560 cr & there is a debt of 525 cr, Puneet Dalmia, CEO & MD of Dalmia Cement said.
- Coal ministry slaps showcause notices to 29 companies for delay in captive coal blocksMinistry of coal has slapped showcause notices to as many as 29 companies for delay in development of some nine captive coal blocks
- UltraTech Cement in talks to buy Adhunik MSP Cement's Meghalaya plant for Rs 700 croreGroup firm UltraTech Cement wants to buy the 1.5-million-tonne unit and bolster its presence in the fast-growing but largely untapped marke...
- West Bengal allots 505 acres for Rs 7k-cr Adhunik Corp ventureAdhunik Corporation, which is planning to set up an integrated steel plant in West Bengal, has received allotment of a substantial portion ...
- Adhunik in talks to buy 50% in Australian mine for $100 mnThe Adhunik Group of Industries, with interests in power, steel, cement, transmission towers and mining businesses, has initiated talks to ...
- Govt approves 23 coal blocksGovt is understood to have approved allocation of 23 coking and non-coking coal blocks to leading steel, cement and power producers, includ...
- Cement cos may curtail investment in NE statesOver half a dozen cement companies may withdraw or curtail their proposed investment totalling around Rs 5,000 crore in setting up nearly 1...
- West Bengal attracts massive investments in iron & steelThe West Bengal government has pressed ahead with the process of industrialisation, with the state receiving investment proposals to the tu...
- Adhunik announces steel plant in PuruliaAdhunik Corporation Limited, a unit of Adhunik Group of Industries, has embarked upon setting up a green field project in Raghunathpur, Blo...
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