Cement Sector

RAKWCT was founded in September 1980 and generated a revenue of ₹482.5 Crore in fiscal year 2021, the company said.

UltraTech has the ability to make 147.3 million tonnes of grey cement in India, roughly 23 million tonnes of which will be in Maharashtra.

The project aims to increase the cement vertical's capacity to 140 million tonnes per year by 2028, according to the business.

The company will increase its cement capacity by an additional 0.6 million tonnes annually with the acquisition of Toshali Cement, located in Odisha.

The new cement plant, which would cost Rs 3,500 crore, can produce 3.5 million tons of cement a year.

This acquisition entails purchasing 66,050 equity shares from IFC for Rs 3.33 crore and is projected to conclude within 30 days from the term sheet date

The open offer will start on September 29 and conclude on October 13, as mentioned in an official document received by Sanghi Industries

Ambuja Cements announced that it would pick up 56.74% of Sanghi Industries from its promoter group.

Sanghi Cement is the third largest player in Gujarat (on capacity) after UltraTech and ACL.

The company's combined production capacity across these units is currently 17 MTPA.