Ads by mgid

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

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.

Related

Quess Corp is undergoing a demerger and is currently trading at 298.20, having hit the upper circuit limit.

Indian stock market closed for Mahavir Jayanti holiday, and experts predict a possible gain for Nifty to 23,500 tomorrow.

Government May Privatize 11 Airports by 2025-26: Report

Nuvama sees a 96% upside potential in PVR INOX and recommends buying the stock with a target price of Rs 1,610, according to JM Financial.

Recently

Janki Bodiwala Shines at the National Film Awards, Wins National Award for "Vash"

Mohanlal, Shah Rukh Khan, Rani Mukerji, and Vikrant Massey Shine at the National Film Awards

Vicky Kaushal and Katrina Kaif Confirm Pregnancy with Heartwarming Post

Anushka Sen : Festive Look is All Things Glamorous

Weather

Ahmedabad Rain: Continuous downpour since late night in Ahmedabad, 27 gates of Vasna Barrage opened, heavy rainfall also in Botad.

"Typhoon Shanshan causes widespread damage in Japan."

The Chief Minister of Gujarat visited flood-affected areas, and the state has deployed officials to provide relief.

गुजरात बाढ़ पर ताजा अपडेट्स

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.

Quess Corp is undergoing a demerger and is currently trading at 298.20, having hit the upper circuit limit.

Indian stock market closed for Mahavir Jayanti holiday, and experts predict a possible gain for Nifty to 23,500 tomorrow.

Government May Privatize 11 Airports by 2025-26: Report

Nuvama sees a 96% upside potential in PVR INOX and recommends buying the stock with a target price of Rs 1,610, according to JM Financial.

Bitcoin is down by 26 % this month, while Ethereum's price has decreased by 34%.

Photogallery

Anushka Sen : Festive Look is All Things Glamorous

Jannat Zubair Makes a Bold Style Statement in Her Latest Photoshoot

Actress Avneet Kaur Embraces Traditional Indian Fashion

Shweta Tiwari Looks Stunning in Elegant White Saree with Traditional Jewelry – Latest Glamorous Photoshoot

Neha Sharma shared photos from her visit to Baglioni Maldives on social media.

Munmun Dutta shares photos on social media wearing a green traditional Baluchari saree.

Shweta Tiwari shares stunning pictures in saree on social media. She looks gorgeous in the images!

Nora Fatehi shares stunning pictures from her visit to the USA on social media. She looks gorgeous in the images!

Dhanashree shares a beautiful picture on social media. Check it out!

Avneet shares a beautiful picture on social media. Check it out!

Kush Maini Becomes First Indian to Win F2 Monaco GP.

Fake News Alert: Rowan Atkinson (Mr. Bean) Is NOT Dead – Social Media Rumors Debunked

Pope Francis has passed away at the age of 88, as announced by the Vatican.

Quess Corp is undergoing a demerger and is currently trading at 298.20, having hit the upper circuit limit.

Indian stock market closed for Mahavir Jayanti holiday, and experts predict a possible gain for Nifty to 23,500 tomorrow.

Nasdaq is up 12.16% as Donald Trump pauses tariffs for 90 days. The S&P 500 sees its biggest gain since October 2008.

Athiya Shetty and KL Rahul Welcome a Baby Girl