Understanding the dynamics of consolidation in India's cement sector, ET RealEstate
ET explains why companies have shown high preference for the inorganic route and what lies ahead for the sector.
Source: indiatimes.com
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Understanding the dynamics of consolidation in India's cement sector
ET explains why companies have shown high preference for the inorganic route and what lies ahead for the sector.
Source: indiatimes.com
One step at a time: UltraTech moves steadily towards its goal
Though UltraTech's valuation is relatively high, future stock performance will depend on the rate of capacity expansion, volume growth, and input cost variations.
Source: livemint.com
adani: Orient promoter CK Birla taps Adani for cement business sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birla's stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore. The talks with Adani have been ongoing for the past few months, but there is no guarantee of a transaction. Birla's valuation demand, which is double the current market price, could be a deal breaker. Adani Cement recently acquired Sanghi Industries and currently has a total cement capacity of 110 MTPA.
Source: indiatimes.com
Orient promoter CK Birla taps Adani for cement business sale, Real Estate News, ET RealEstate
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in Orient Cement after rejecting offers from other buyers. Birla's stake in Orient Cement is 37.9%, with a market value of ₹3,878 crore.
Source: indiatimes.com