November 22, 2024
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Tag: Cement stocks

A cyclical low for the cement industry

guna@fastura.com04 mins

A slight recovery is anticipated in the second half of FY25 as the cement industry navigates through a cyclical trough. The demand is undoubtedly slowing down after a strong expansion in FY22 and FY24. Cement consumption in India has historically increased at about 6% in tandem with GDP development. Nonetheless, over the last three years,…

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Adani Cements would purchase a 46.8% share in Orient Cement at an equity value of Rs 8,100 crore

guna@fastura.com03 mins

On Tuesday, Ambuja Cements, which Adani controls, declared that it has finalized a deal to buy Orient Cement Ltd (OCL) for an equity worth Rs 8,100 crore. According to the company, Ambuja will purchase 46.8% of OCL’s shares from its present proprietors and some public shareholders. Internal accruals will entirely finance the transaction. For Rs…

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