Ambuja Cements, a subsidiary of the Adani Group, has announced a binding agreement to acquire a 46.8% stake in Orient Cement Ltd (OCL) for an equity value of INR 8,100 crore. The acquisition will be fully funded through internal accruals, and the deal aims to accelerate Ambuja’s expansion plans to achieve a cement production capacity […]
Rashtriya Chemicals and Fertilizers Ltd (RCF) has approved a ₹1,000.27 crore contract with Larsen & Toubro Ltd for the construction of a new complex fertilizer plant at its Thal facility in Maharashtra. The plant, with a production capacity of 1,200 metric tons per day (MTPD) on a di-ammonium phosphate (DAP) basis, will be constructed on […]
Shree Cement’s Quality Control Laboratory at its Ras facility in Rajasthan has been accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). The certification confirms the lab’s compliance with ISO/IEC 17025:2017 standards, which are recognized internationally for testing and calibration services. Neeraj Akhoury, Managing Director of Shree Cement, commented on the accreditation, […]
Interarch Building Products Limited, a company specializing in pre-engineered buildings (PEB), has acquired 51,926 square meters of land in Gujarat. The acquisition, which involved an investment of INR 7 crore, is part of the company’s efforts to increase production capacity and enhance its presence in Western India. The newly acquired land is expected to help […]