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Cement demand growth likely to moderate to around 5% in FY27: Ambuja CementsAmbuja Cements anticipates a 5 percent growth in India's cement demand for fiscal year 2026-27. This follows a stronger growth in the previ...- Ambuja Cements to slow capacity additions until utilisation improvesAmbuja Cements plans to add new capacity after reaching optimal utilization. The company aims to reach 119 million tonnes capacity by fisca...
- Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capexAmbuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Ca...
- Ambuja Cements Q4 Results: Cons profit surges 78% YoY to Rs 1,830 crore; revenue rises 10%Ambuja Cements Q4 results: Ambuja Cements reported a strong Q4FY26 performance with net profit rising 78% YoY to Rs 1,830 crore and revenue...
- Adani Cement to merge Sanghi & Penna units with Ambuja CementsAdani Cement is merging Sanghi Industries and Penna Cement with its flagship company, Ambuja Cements. Sanghi shareholders will receive 12 A...
- 'No frenzy in cement industry, structured expansion taking place'Adani Cement, led by CEO Ajay Kapur, is expanding in a structured manner, targeting acquisitions below $80 per tonne. The integration of re...
- Ambuja Cements may repay Penna's debtPrivate credit funds, including Edelweiss Alternative Asset, expect Ambuja Cements to repay Penna Cement's high-cost debt ahead of schedule...
- Penna buy to cut logistics costs for Adani Cements: CFO Vinod BahetyAdani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature n...
- Adani's ₹10,000 crore cement bet set to pay-off in battle with UltraTech, with gains across India, Sri LankaThe Penna Cements acquisition, announced on Thursday, will set the Adani Group back by ₹10,422 crore. The cement maker said that the transa...
- Ambuja cements deal to acquire Hyderabad-based PennaOf the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) ceme...
- Ambuja Cement acquire 100% stake in Penna Cement for Rs 10,422 croreAmbuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise v...
- Penna Cement gets SEBI nod for Rs 1,550 crore IPOThe IPO includes a fresh issue of Rs 1,300 crore and an offer for sale of up to Rs 250 crore by its promoter PR Cement Holdings. Currently,...
- How Salesforce helped Penna Cement to make faster and informed decisionsThe loyalty program has helped Penna Cements build rich and long-lasting relationships with their dealers. The dealer and influencer networ...
- Penna Cement files draft papers with Sebi for Rs 1,550 crore IPOThe company will issue fresh equity shares worth Rs 1,300 crore, while its promoters will raise Rs 250 crore through an offer for sale.
- Penna Cement Industries gets Sebi nod for Rs 1,550-cr IPOIPO comprises fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore
- Corruption case: Jagan, others accused appear in CBI courtY S Jaganmohan Reddy and others accused in an alleged corruption case appeared before a special CBI court in connection with Penna Cements ...
- Leases granted to Penna Cement for limestone mining cancelledAndhra Pradesh government issued an order cancelling the leases granted to Penna Cement Industries for limestone mining in an extent of 106...
- Andhra Pradesh government scraps Penna Cement's limestone mining leasesThe Andhra Pradesh government today cancelled the limestone mining leases granted to Penna Cement Industries, saying the company had failed...
- CBI Summons chiefs of Dalmia, Penna cements in Jagan caseThe CBI has summoned the heads of two more cement companies - Dalmia Cements and Penna Cements.
- Cemex eyes Penna acquisitionWorld’s 3rd largest cement maker plans India entry by buying AP-based co.
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