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......

Binani Zinc to sell stake to US fund

The Binani group is likely to divest stake in Binani Zinc Ltd to a US private equity fund to raise resources for its proposed mining business in Gujarat and Rajasthan.Binani Zinc has already......

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......

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......