December 8, 2024

Shree Cement ranks best on S&P Global ESG Score

Shree Cement, a leading cement manufacturer and power generation company in India, has achieved a notable ESG (Environmental, Social, and Governance) score of 73 out of 100 in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This score reflects a significant 11-point increase from the previous year, underscoring Shree Cement’s strengthened commitment to sustainable practices […]

Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore

Acquisition adds 14 MTPA capacity, total now 89 MTPA Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL […]

Dalmia Cement (Bharat) to acquire 18% stake in a wind power entity

Dalmia Cement (Bharat) (DCBL), wholly owned subsidiary of Dalmia Bharat, has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on 05 April 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares aggregating to Rs.7,80,99,997 in one or more tranches […]

Shree Cement launches Bangur Concrete with new RMC plant

Shree Cement has launched Bangur Concrete, inaugurating its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The new plant has a production capacity of 90m3/hr. Earlier in March, Shree Cement acquired five operational plants from StarCrete in Mumbai, raising its combined RMC capacity to 512m3/hr. This move marks a significant step in the company’s […]