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Aditya Birla Groups UltraTech will acquire the cement business of the BK Birla Groups Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. ....
With the steep increase, the all-India average cement price has reached Rs382 per 50 kg bag. The sharpest rise was in the eastern region where the price rose to Rs400 from Rs326. ....
With the steep increase, the all-India average cement price has reached Rs382 per 50 kg bag. The sharpest rise was in the eastern region where the price rose to Rs400 from Rs326. Historically, the demand for cement in the September quarter is weak given due to low amount of construction activities given the monsoon period. Generally, cement firms promptly reduce prices when their sales volume is impacted due to low demand. ....
The raw material costs, which were still 17.4% higher year-on-year, were up 2% sequentially. Not much improvement in realisations meant that the operating performance remained muted. ....