Search result for 'icl'

India Cements reports Rs 8.81 cr profit in Q2 FY26. Board approves Rs 2,014 cr investment for expansion and modernisation. Details here.

JSW One Platforms secures Rs 575 crore funding led by JSW Steel & SBI. Funds to drive growth, tech investments, & NBFC arm strengthening.

UltraTech Cement clarifies it's not under CCI investigation. The case involves its subsidiary, India Cements, which is exploring legal options after CCI scrutiny for alleged competition violations.

India Cements Ltd. to sell its subsidiary Industrial Chemicals and Monomers to Mirai Sensing for Rs 97.68 crore. Sale expected to complete within six months.

ICL Fincorp, a gold loan NBFC, plans to open 50 branches in West Bengal and expand to Jharkhand and Bihar. This expansion aims to boost financial inclusion in eastern India.

India's cement industry witnessed volume growth in Q4 FY25, led by strong demand and infrastructure projects. Key players like UltraTech, Ambuja Cements and Shree Cement report positive outlook for...

India Cements reported a Q4 profit of Rs 14.68 crore, but revenue fell 3.1% to Rs 1,197.3 crore. The company's net loss narrowed in FY25. UltraTech Cements acquired promoters' stake in December 2024.

ICL Fincorp plans to raise Rs 100 crore through a public issue of NCDs for business growth. The NCD will open on April 25, 2025, and close on May 9. Investors can earn yields up to 13.01%.

Religare Enterprises Ltd. (REL) has requested immediate funding support from the Burman Group to sustain operations, following a review of its financial position.

UltraTech has appointed Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO for its newly acquired subsidiary, India Cements. The appointments take effect from Wednesday.

UltraTech Cement completes acquisition of India Cements, taking majority stake. N Srinivasan and other promoters step down from the board. The deal expands UltraTech's footprint in the southern...

UltraTech Cement has received CCI approval to acquire a majority stake in India Cements, expanding its footprint in the southern cement market. The deal includes a 32.72% stake acquisition and a...

UltraTech Cement has received a notice from the Competition Commission of India (CCI) regarding its proposed acquisition of India Cements Ltd. The acquisition aims to expand UltraTech's footprint...

India Cements reports a widened net loss of Rs 339.13 crore in Q2 FY25, with revenue down 18.4%. UltraTech Cement is set to acquire a majority stake in the company.

Adani Cement CEO highlights increased capex and acquisition strategy to achieve targeted growth ahead of schedule, aiming for 140 MTPA capacity by FY28.

Aditya Birla Group expects significant growth in its building materials business driven by India's housing and infrastructure boom. Cement and decorative paints are key segments for the group.

UltraTech Cement aims to surpass 200 MTPA capacity by FY27 through acquisitions and expansions, as announced by Chairman Kumar Mangalam Birla.

UltraTech Cement's open offer to acquire 26% stake in India Cements Ltd (ICL) will open on September 19th, offering 8.05 crore shares at Rs 390 each. The offer follows UltraTech's recent...

India Cements Ltd reported a net profit of Rs 58.47 crore in the June quarter despite a 28.5% revenue decline due to low capacity utilization and liquidity crunch. The company's revenue from...

UltraTech forecasts 7-8% growth in India's cement demand in FY25, driven by increased construction activity. The industry is expected to add 35-40 million tonne capacity, with focus on eastern and...

Societe Generale has divested its 0.67% stake in India Cements for Rs 78 crore. The deal comes as UltraTech Cement acquires a majority stake in the company.

UltraTech Cement has confirmed that India Cements will remain a listed entity following its acquisition of a 32.72% stake. The open offer price is Rs 390 per share, and UltraTech intends to acquire...

UltraTech Cement to acquire an additional 32.72% stake in India Cements Ltd for Rs 3,954 crore, increasing its stake to over 55%. The deal will trigger an open offer for public shareholders.

India Cements reported a narrowed Q2 loss of Rs 85.54 crore, with revenue dipping 4.7% to Rs 1,264.39 crore. The company attributes the loss to reduced selling prices and volume. Read more.