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PENNA GROUP
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...
- Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%The Adani Group, led by billionaire Gautam Adani, sold 2.8% of its stake in Ambuja Cements for Rs 4,200 crore, prompting a 4% rise in the s...
- '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 shares surge over 3% post Nomura’s double upgradeAmbuja Cements Share Price: Ambuja Cements surged 3.5% to Rs 688 after Nomura upgraded to 'buy' with a Rs 780 target.
- 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...
- 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...
- Adani Group’s concrete plan: $3 billion buyouts in cement spaceIt is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic st...
- Adani Group's concrete plan: $3 bn buyouts in cement spaceDalmia Bharat's deal with Jaiprakash Associates, Adani's acquisition of Sanghi Cement, and potential acquisitions of Ambuja Cement or ACC a...
- Ras Al-Khaimah Investment Authority sends India arbitration noticeThe international arbitration notice has been filed citing provisions of the India-UAE Bilateral Investment Protection Agreement and UNCITR...
- Additional charge sheet against Jaganmohan Reddy in quid-pro-quo caseThe charge sheet pertains to mine and land allocations to Penna Group when Jagan's father, late Y S Rajasekhar Reddy, was the chief ministe...
- Jagan Mohan Reddy money laundering case: ED attaches Rs 7.85 crore assetsThe ED has attached assets worth over Rs 7 crore in connection with its money laundering probe against YSR Congress chief Jagan Mohan Reddy.
- 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 ...
- CBI names N Srinivasan in Jagan case charge sheetThe CBI charged India Cements with criminal conspiracy, cheating, criminal breach of trust, falsification of accounts.
- 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.
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