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The recent deal between UltraTech and India Cements could be beneficial for both cement companies, according to PL

Jun 27,2024

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India Cements has a cement capacity of 14.5 million tonnes per annum (mtpa) spread across different regions: 5 mtpa in Telangana, 6 mtpa in Tamil Nadu, 2.1 mtpa in Andhra Pradesh, and 1.5 mtpa in Rajasthan. Additionally, India Cements has a clinker capacity of 11.13 mtpa, which complements UltraTech's capacities in the southern region.

Under the deal, UltraTech Cement is acquiring a 23% stake in India Cements from the open market at a price of $90 per tonne. Tushar Chaudhari, a Research Analyst at Prabhudas Lilladher, believes that this development could be mutually beneficial for both companies in the long run and may lead to further consolidation in the cement sector.

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Daily Morning News

The recent deal between UltraTech and India Cements could be beneficial for both cement companies, according to PL

Jun 27,2024

Share

Descriptive Main Poster Image

India Cements has a cement capacity of 14.5 million tonnes per annum (mtpa) spread across different regions: 5 mtpa in Telangana, 6 mtpa in Tamil Nadu, 2.1 mtpa in Andhra Pradesh, and 1.5 mtpa in Rajasthan. Additionally, India Cements has a clinker capacity of 11.13 mtpa, which complements UltraTech's capacities in the southern region.

Under the deal, UltraTech Cement is acquiring a 23% stake in India Cements from the open market at a price of $90 per tonne. Tushar Chaudhari, a Research Analyst at Prabhudas Lilladher, believes that this development could be mutually beneficial for both companies in the long run and may lead to further consolidation in the cement sector.

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