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Cement business growth will be through organic, inorganic routes: Kumar Mangalam Birla

The competition heated up in the Indian cement industry after Adani s take over of Ambuja Cement and ACC Ltd., which placed Adani in direct competition with UltraTech. Analysts expect the war for market share to continue and may lead to price wars even as new capacities are added. ....

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ambuja: Sanghi buy to help Ambuja Cements scale up fast, may even set stage for a price war

Adani-owned Ambuja Cements recent acquisition is seen helping the company scale up capacity at a lucrative cost and emerge as one of the dominant players in western India over the medium term, although question marks remain over the immediate prospects of the freight-heavy primary building material that is decidedly regional in its pricing dynamics and determination of market power. ....

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Congress points to IT raids in 'chronology' of Adani Group's latest acquisition | Latest News India

Congress accuses the government of misusing probe agencies to help the Adani Group acquire Sanghi Industries Limited. | Latest News India ....

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Adani-owned Ambuja Cement acquires majority stake of Sanghi Industries

Ambuja Cement on Thursday announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore ....

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Sensex falls over 250 pts, Nifty at 18,067; IndiGo jumps 6% on Go First insolvency news

IndiGo climbed nearly 6 per cent after Go First on Tuesday announced that it has involuntarily filed for insolvency proceedings with the NCLT. ....

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