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Cement Sector

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JK Cement will invest Rs 157 crore in the company.

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The Maharashtra state government launched the auction process in February.

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Standalone profit in the quarter stood at Rs 546.2 crore.

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Total Enterprise Value of the acquisition is Rs 5,666 crore.

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The company sold 102 million tonnes of cement in FY 23.

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Adani family had paid $6.6 billion for Ambuja, ACC acquisition.

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15,000 MW of renewable energy projects will also be done in the state.

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Orissa Metallurgical Industry Pvt. Ltd. won a mine in West Bengal.

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The block has estimated coal reserves of 13.30 million tonnes.

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To be declared a 'successful bidder,' the company must obtain the necessary mining licenses and permits.

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