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......

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......

3 companies to go private in a week

In a span of just one week, three companies -- Binani Cement, Nirma and Sparsh BPO Services -- have announced plans to delist from the bourses, but analysts said that no common trend was visible as......