 |
Corporate News
13-Jun-24
|
|
|
|
|
|
|
|
|
|
|
|
Ambuja Cement acquires Penna Cement at enterprise value of Rs 10,422 cr
|
|
|
|
|
|
|
|
Ambuja Cement announced the signing of a binding agreement for the acquisition of Penna Cement Industries (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL from its
existing promoter group, P. Pratap Reddy and family. The acquisition will be fully funded through internal accruals.
PCIL has 14 MTPA cement capacity, of which 10 MTPA is operational, and the remaining is under construction at Krishnapatnam (2 MTPA) and Jodhpur (2 MTPA) and will be completed within 6 to 12 months. Around 90% of the cement capacity comes with railway sidings, and some are supported by captive power plants and waste heat recovery systems. Further, surplus clinker at the Jodhpur plant will support an additional 3 MTPA cement grinding capacity over and above 14 MTPA.
|
|
|
|
Previous News |
Indices rally for 3rd day; auto shares jump
(
Market Commentary
-
Quick Review
14-Jun-24
15:46
)
|
|
|
Nifty scales above 23,400 level; oil & gas shares in demand
(
Market Commentary
-
Mid-Session
14-Jun-24
11:32
)
|
|
|
Ambuja Cements hits life high on plan to acquire Penna Cement for Rs 10,422 cr
(
Hot Pursuit
-
14-Jun-24
10:40
)
|
|
|
Ambuja Cement acquires Penna Cement at enterprise value of Rs 10,422 cr
(
Corporate News
-
13-Jun-24
20:33
)
|
|
|
Ambuja Cements
(
Results
-
Analysis
02-May-24
11:33
)
|
|
|
Ambuja Cements to convene AGM
(
Corporate News
-
02-May-24
19:13
)
|
|
|
Nifty settles near 22.650 mark; Ashok Leyland rallies 4%
(
Market Commentary
-
Quick Review
02-May-24
15:55
)
|
|
|
Benchmarks trade with small gains; Metal shares shine
(
Market Commentary
-
Mid-Session
02-May-24
11:30
)
|
|
|
Ambuja Cements Q4 PAT climbs 64% YoY to Rs 1,055 cr
(
Hot Pursuit
-
02-May-24
10:58
)
|
|
|
Board of Ambuja Cements recommends final dividend
(
Corporate News
-
02-May-24
10:08
)
|
|
|
Ambuja Cements consolidated net profit rises 63.61% in the March 2024 quarter
(
Results
-
Announcements
02-May-24
07:39
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|