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A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.
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The deal valued at $114/tonne gives Ambuja the much needed clinker capacity, limestone reserves, and a greater presence in the southern cement market
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Germany's Heidelberg owns 69.39 percent of HeidelbergCement India, which is listed on the local stock exchanges
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Large cement companies have sufficient levers in terms of cost synergies and branding, which along with quality improvement and green energy usage, could lift realisations over time
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The state government's intervention and the company's assurance of additional volumes from neighbouring states brought about the truce
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Adani Group said the new rates will result in an overall reduction of 10-12 percent in the freight rates benefiting the customers of Himachal Pradesh. This is lower than Adani Group's original demand from the truck unions in December.
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It is better to be selective on this sector and keep away from companies based in central and eastern regions
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The closure has impacted dealers in different ways ― UltraTech dealers are witnessing higher demand, some dealers of Ambuja Cement claim supply from the grinding unit in the state, and ACC dealers complain they are forced to idle away.
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The big three in the cement sector have ambitious expansion plans, portraying their confidence in domestic economic growth, in spite of cost pressures in the near term
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Adani group’s buyout of Ambuja underscores demand expansion and the unfolding of a new wave of mergers and acquisitions in the sector
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Holcim plans to sell its stake in Ambuja and held preliminary talks with JSW Group, Adani Group and Shree Cement
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Holcim controls 63.1% of Ambuja while 4.48% stake in ACC. Ambuja Cement owns a 50.05% stake in ACC. Hence Holcim directly controls Ambuja and indirectly controls ACC.
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Net Sales are expected to increase by 4.8 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 2,738.8 crore, according to ICICI Direct.
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Net Sales are expected to increase by 3.3 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 2.953.6 crore, according to ICICI Direct.
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CNBC-TV18's Mangalam Maloo lists out stocks that you should focus on.
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In a statement, ACC said its board had decided to "commence an evaluation" so as to combine the strengths of both businesses in a manner that will benefit all stakeholders.
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Speaking to CNBC-TV18, S Sreedhar Reddy, Managing Director of Panyam Cements, said the company would continue focusing on the Rayalseema region.
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Sources have told CNBC-TV18 that parent company LafargeHolcim is mulling the merger of the two cement majors.
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The two-day Federal Open Market Committee's (FOMC) monetary policy meeting is not expected to make any change in interest rates but may provide hints on timing of its next interest rate hike.
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CNBC-TV18's Ekta Batra lists six stocks that you should focus on.
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The Indian market is expected to open in green with the SGX Nifty trading around 8279, up 4 points early morning.
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CCI has written to both Jaypee and Ultratech and have asked for their views on what the definition of relevant market should be.
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Word on the street is that FIIs voted in favour of the deal heeding the advice of foreign proxy firms ISS and Glass Lewis.
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Nearly 72 percent of the minority shareholders participated in the ballot. Around 69 percent of the minority shareholder voted in favour of the deal.
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The deal was structured at an EV per tonne of USD 115 which was fair, but all the cash from Ambuja's books- nearly 90 percent plus, that is around Rs 3,500 crore- was going to be drained and in addition to this there were also shares that were going to be issued to the parent Holcim.
