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NCLT Greenlights Invent Assets' Steamline Industries Acquisition
Invent Assets' expansion through the acquisition of Steamline Industries highlights the evolving dynamics of the business environment.The acquisition underscores Invent Assets' commitment to diversification and consolidation within the industry.The NCLT's approval reflects the alignment of the acquisition with regulatory and legal requirements, ensuring a smooth transition of ownership.This development resonates with the broader corporate landscape as mergers and acquisitions continue to shape the business trajectory.In summary, the NCLT's green light for Invent Assets' acquisition of Steamline Industries symbolises a strategic move that holds the potential to redefine market dynamics.

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🇮🇳 India · 🗓️ August 29, 2023 · Building Material

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JSPL's $2 bn South African mine faces relocation opposition
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🇮🇳 India · 🗓️ August 16, 2023 · Building Material

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Dalmia Cement orders Gebr. Pfeiffer vertical roller mills
According to the seller, the vertical design of the mills will aid in drying, grinding, and classifying pond ash.Pfeiffer, the mills will be used to grind clinker and pond ash.According to Gebr.Pfeiffer.One mill will be installed at the producer's Ariyalur grinding factory in Tamil Nadu, and the other at its Kadapa grinding plant in Andra Pradesh.

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🇮🇳 India · 🗓️ August 16, 2023 · Building Material

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Ultratech aims for 200 mt production capacity
The company achieved net revenue of Rs 177.5 mtpa in this fiscal year, bringing the total capacity to 137.37 billion during the quarter, marking a 17% growth, and recorded an Ebitda of Rs 322.Birla acknowledged the unprecedented pace of expansion within the sector and highlighted ongoing capacity projects that will push the company's cement production capacity beyond 160 million tonnes per annum (mtpa).This remarkable growth includes the recent commissioning of an additional 5.

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🇮🇳 India · 🗓️ August 16, 2023 · Building Material

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JK Cement's Q1 FY24 net profit drops 29%
60 billion in the same period of the previous fiscal, according to a filing with the Bombay Stock Exchange (BSE).87 billion in the analogous quarter last year.The company's net profit after tax fell to Rs 1.The current liability ratio stood at 0.As of 30 June 2023, the company's net worth stood at Rs 47.

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🇮🇳 India · 🗓️ August 16, 2023 · Building Material

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