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Penna buy to cut logistics costs for Adani Cements: CFO Vinod Bahety

Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.

West bengalAndhra pradeshSri lankaVinod bahetySanghi industriesPenna cementAdani cementsHyderabad based penna cementAmbuja cementsTech cement

Top five to corner 55 pc market share in cement sector

Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next.

Tamil naduAnupama reddyJaiprakash associatesUltratech cement of the aditya birla groupAdani groupGroup headHyderabad based penna cementSaurashtra cementVadraj cementAdani cementAmbuja cementsUltratech cementAditya birlaVice presidentCo group headCorporate ratings

Adani buys Penna Cement from Reddys in Rs 10,000 crore deal

India Business News: MUMBAI: The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at Rs 10,442 crore including debt, expanding i.

Tamil naduAndhra pradeshHimachal pradeshSri lankaUttar pradeshPenna reddyPrathap reddyAjay kapurKumar mangalam birlaP prathap reddyRajasekhara reddyGautam adaniKesoram industrieHari mohan bangurJagan mohan reddyNara chandrababu telugu desam party

Most Adani Group firms hit lower circuit limit; Adani Ent, Adani Ports dive 25% intra-day

Most Adani Group firms hit lower circuit limit; Adani Ent, Adani Ports dive 25% intra-day
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Voter heat on BJP melts stock markets

Hyderabad: As the Lok Sabha elections started to trickle in, the heat on the Bharatiya Janata Party resulted in a meltdown in stock markets, with the Sensex and the Nifty crashing on the opening bell.

Andhra pradeshNarendra modiVinod nairAdani wilmarShrikant chouhanLok sabhaAdani groupAdani energy solutionsBharatiya janata partyAdani green energyBritannia industriesGeojit financial servicesAdani enterprisesAdani portsAdani powerAmbuja cements