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The transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter or controlling entity to buy the additional shares from existing minority investors. ....
Analysts predict that domestic cement producers in India will see a significant boost in earnings for the September quarter, driven by strong year-on-year volume growth and lower power and fuel costs. The industry s average profitability is expected to surge by at least 50% compared to the previous year, with ACC and Ambuja Cements predicted to have the best improvement. Spending by key states ahead of elections and robust demand for cement are also contributing factors. However, the recent surge in fuel prices may put pressure on profitability. ....
Adani Group, a major player in India s infrastructure sector, is eyeing further expansion in the cement industry. Adani recently acquired three major cement companies and is now reportedly in talks to purchase Orient Cement. The acquisition would strengthen Adani s presence in south India, where ACC, one of the companies it acquired, has capacity constraints. The move comes as demand for cement is expected to rise due to government infrastructure projects. Adani group aims to raise its capacity to 140 million tonnes per annum by 2028. ....
"General Manoj Pande #COAS awarded Best Green Station Awards during the Army Commanders Conference #ACC in New Delhi. Udhampur Military Station was awarded the Trophy for "Best Green Military Station" while Dehradun Military Station secured the "Second Best" award. Also, Bikaner Military Station was awarded with "Best Transformative Station" trophy," the Army said in a series of posts on X, formerly Twitter. ....