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UltraTech to sell its stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement Middle East Investments Limited (UCMEIL), UltraTech's UAE-based wholly-owned subsidiary, has entered into a "binding agreement with HeidelbergCement Bangladesh Ltd for divesting its entire shareholding in ECBL and EPCL", the Aditya Birla Group firm said in a regulatory filing.

Aditya Birla Group files copyright infringement suit against MP Birla Group

In a suit filed in the Bombay High Court, Aditya Birla Group-owned Grasim Industries and Ultratech Cement have said that MP Birla Group has infringed on their copyright by using the word 'ultra' in its cement brands. Ultratech is seeking relief by restraining the Kolkata-based group from using the mark.

Blackstone, KKR join race for India’s Emami Cement

The Kolkata-based conglomerate is joining tycoons including Anil Ambani & Subhash Chandra in selling assets to pare debt as a cash crunch in markets increase funding costs. TPG Capital is also weighing a bid and could look for a local partner.

Rajasthan: 11 critically injured after boiler bursts at cement plant in Chittorgarh

At least 15 people got injured and 11 are critical after boiler at a cement plant burst. The incident happened in Rajasthan’s Chittorgarh on September 29. While speaking to mediaperson, Chittorgarh district collector, Chetan Ram Deora said, “The critically injured have more than 70% burns, referred them to Ravindra Nath Tagore Medical College, Udaipur. We have started an administrative level inquiry into the matter. We will get the report within 10 days. Legal action will be taken against those who were found to be negligent.” Police investigating is on in the matter.

Dalmia Cement (Bharat) aims to become 'carbon negative' by 2040; to build large scale carbon capture facility

Dalmia Cement (Bharat) has signed a MoU with UK-based Carbon Clean Solutions for the same.

KK Maheshwari to become UltraTech's first ever vice chairman after stepping down as MD

Kailash Chandra Jhanwar, currently the deputy managing director and chief manufacturing officer at UltraTech will be assuming the role of the company's MD after Maheshwari steps down.

Expansion pay-off: Ramco Cements eyes Rs 7500 Cr revenue in FY21

"Our current capacity is 12.5 million tonnes per annum. Once the current expansion plans are completed, we expect the revenues to touch Rs 7,500 crore by FY21," Balaji K Moorthy, executive director ( marketing) told.

No slowdown in cement, headed for ‘Golden Period’: N Srinivasan

Industry will stand to leverage better pricing and government’s infra push

Birla Corp looks to scale up cement capacity by over 60 per cent

The expansion, which would be partly green-field and partly brownfield, will entail a total investment of around Rs 5,000 crore, to be funded through a mix of debt and equity.

National Green Tribunal slaps penalty of Rs 1 crore on Grasim Industries

A bench headed by Justice Adarsh Kumar Goel directed the company to shift the hazardous waste in accordance with the Hazardous Waste Management Rules, 2016.

Kumar Mangalam Birla's remuneration from UltraTech fell 18.8 per cent to Rs 15.53 cr in FY19

Kumar Mangalam Birla's remuneration from UltraTech fell 18.8 per cent to Rs 15.53 cr in FY19

UltraTech Managing Director K K Maheshwari also took 4.76 per cent lesser salary at Rs 12.96 crore in the last fiscal year, ended March 31, 2019.

Emami said to pick Arpwood, Credit Suisse for cement unit sale

Emami said to pick Arpwood, Credit Suisse for cement unit sale

A decision is yet to be made about the size of the stake to be sold and the group can add more managers for the deal later.

NCLT approves of Dalmia Cement to rescue Murli Industries but with conditions

NCLT approves of Dalmia Cement to rescue Murli Industries but with conditions

If the changes are not acceptable to Dalmia, Murli Industries will be liquidated. Dalmia Cement (Bharat) refused to offer a comment at this stage.

GCCA launches India chapter to execute sustainability agenda of cement industry

GCCA launches India chapter to execute sustainability agenda of cement industry

GCCA India will assume the responsibilities of the Cement Sustainability Initiative (CSI) India which formerly served as the sector’s sustainability alliance.

CCI examining complaints regarding hike in cement price, cartelisation: Piyush Goyal

CCI examining complaints regarding hike in cement price, cartelisation: Piyush Goyal

"Complaints have been received regarding hike in cement price and cartelisation by cement companies," Commerce and Industry Minister Piyush Goyal said.

Cement demand to witness single-digit growth in FY20: Report

Cement demand to witness single-digit growth in FY20: Report

In April this year, cement production stood at 28.7 million MT, which is lower by 13.3 per cent as compared to March 2019.

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