Binani to invest Rs 4,200 cr in Gujarat

Binani Cement said on Thursday it has signed a memorandum of understanding with the Gujarat government to set up a 610 MW power plant, a captive jetty and 5 million tonnes per annum cement making......

How UltraTech Cement can become market leader in north India

UltraTech currently has 19% market share with Shree Cement commanding 22% of the market The acquisition of Binani Cement, if approved, will make UltraTech Cement the leader in the north Indian......

Why Kumar Mangalam Birla is the undisputed king of India's cement sector

The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market In June this year, when Prime......

UltraTech acquisition fuels market consolidation talks

Ultratech Cement’s acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. Photograph: Jayanta......