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·UltraTech to take over cement business of Kesoram at enterprise value of Rs 7 600 crore The scheme provides for the demerger of the cement business which consists of two plants in Telangana and Karnataka with an installed capacity of million tonnes and the reduction and cancellation of the preference share capital of Kesoram
·The Completion Commission of India CCI has approved UltraTech Cement s proposed acquisition of Kesoram Cement Business the cement arm of Indian conglomerate Kesoram Industries business is set to be acquired by Mumbai based UltraTech as part of a deal made on 30 November 2023
·7 August 2013 Certification for conformation with the quality management system in accordance with IS/ISO 9001 2008 for Kesoram Cement Plant 31 October 2014 CONTACT US Sedam 585222 Dist Gulbarga Karnataka
·Its cement grinding units are also located close to captive power plants Further KIL procures much of its fly ash from NTPC which has power plants in close proximity to both the Vasavadatta Cement Plant and Kesoram Cement Plant Cement produced at the plants is marketed under the brand names "Birla Shakti" and "Vasavadatta Cement" All KIL
Plant Head at Kesoram Cement KESORAM INDUSTRIES LTD · Having 29 years of Rich Technical and Non Technical Experience for managing the Teams for the Cement Processing Power Generation and Mining · Experience KESORAM INDUSTRIES LTD · Education CBIT · Location Andhra Pradesh · 196 connections on LinkedIn View MAHESH AGARWAL s profile
·On November 30 UltraTech Cement India s largest cement company announced the acquisition of the cement business of Kesoram Industries UltraTech will issue one equity share at a face value of ₹10 for every 52 equity shares of Kesoram each valued at ₹10
·India BK Birla Group subsidiary Kesoram Industries sold of cement during the first half of its 2024 financial year 1 April 2023 30 September 2023 This corresponds to a rise of 17% year on year from in the first half of the previous financial year The producer s earnings before interest taxation depreciation and amortisation
·India Kesoram Industries says that it will repay US$180m worth of loans from Cerberus Capital Services Edelweiss and Goldman Sachs ahead of maturity The Economic Times newspaper has reported that the company is repaying the debt in anticipation of refinancing following a merger deal with UltraTech Cement
·The firm s overall outlay would be between Rs 350 and Rs 500 crore Kesoram Industries Ltd a B K Birla Group subsidiary announced that it plans to increase its cement production capacity to 15 million tonnes MT from 11 MT Kesoram which has demerged its tyres and rayon businesses is on course to make a […]
6 ·Kesoram Industries Limited Cement Division is a cement manufacturer and manufacturer located in Sedam Karnataka The average rating of this place is out of 5 stars based on 43 reviews The street address of this place is
·In 9M 23 cement sector volumes closed % weaker YoY at MT driven by volume declines in DANGEM s Nigerian operation % YoY and WAPO % YoY primarily owing to the exogenous factors already highlighted However WAPO had to shut down its Mfamosing plant in Q3 23 for maintenance purposes ahead of an expected demand
Birla Shakti has two cement manufacturing plants located at Sedam Karnataka the "Vasavadatta Cement Plant" and Basantnagar Andhra Pradesh the "Kesoram Cement Plant" Our cement business has been in operation for over 40 years catering to the regional demands predoimnently in Karnataka Andhra Pradesh and Maharashtra
Kesoram Industries Ltd is a 9 decade old company incorporated in 1919 as Kesoram Cotton Mills subsequently renamed as Kesoram Industries in 1986 It got into cement manufacturing in 1969 at its first plant in Basant Nagar in Karimnagar District of Andhra Pradesh Another plant at Sedam was set up in 1986 at Sedam near Gulbarga in Karnataka
·Lagos Nigeria Friday May 5 2023 As part of its commitment to continuously drive excellence and innovation in the manufacturing industry leading innovative and sustainable building solutions company Lafarge Africa Plc has opened a state of the art cement bag manufacturing plant at its Cement Plant at Ewekoro Ogun State
·UltraTech Cement India s largest cement producer has agreed to acquire Kesoram Industries cement assets in a share swap deal for an enterprise valuation of Rs 7 600 crore a move that would
·UltraTech Kesoram cement deal The all stock mega deal is valued at a whopping Rs 7600 crore As part of the agreement Kesoram Cement will give Birla a manufacturing facility in Telangana It also accelerates Kumar Mangalam Birla s UltraTech Cement s plans to achieve a capacity of 200 million tonnes in the country
·Kesoram Industries Ltd announced on Thursday that its cement business will be merged with UltraTech Cement Ltd to unlock the value and to deleverage its balance sheet The board of directors of UltraTech considered Kesoram s proposal and approved a scheme of arrangement among Kesoram the company and their respective shareholders UltraTech
Kolkata Nov 30 PTI UltraTech Cement is set to acquire the cement business of BK Birla Group s flagship company Kesoram Industries in an all share deal with a business valuation of
·As a part of the deal UltraTech will issue one share for every 52 shares of Kesoram and give UltraTech ownership of two integrated cement units in southern Indian states of Karnataka and Telangana The deal implies an offer price of rupees per share a % premium to Kesoram s last close
·UltraTech Cement Ltd s decision to buy Kesoram Industries Ltd s cement business for Rs 5 379 crore will help to expand its businesses in the southern and western markets of India according to brokerages Brokerages including Morgan Stanley Motilal Oswal and Jefferies see the acquisition as a positive that would help strengthen UltraTech Cement s
·Kesoram Cement operates two cement plants the /yr Vasavadatta plant in Karnataka and the 660 000t/yr Kesoram cement plant in Telangana and a packing plant in Maharashtra Kesoram Industries says that the sale of Kesoram Cement will help it to focus on its chemicals rayon and transparent paper businesses
·UltraTech to acquire Kesoram s cement business in all stock deal Gross enterprise value of the deal is over ₹7 600 crore 59 74 301 new equity shares of UltraTech to be issued to Kesoram s
·UltraTech Cement India s largest cement producer has commenced negotiations to acquire promoters stakes in Kesoram Industries which sells cement under the Birla Shakti brand It has two cement plants Vasavadatta Cement in Sedam Karnataka and Kesoram Cement located in Basantnagar Telangana The two plants have a combined
·Kesoram currently operates in two markets cement and rayon with a cement production capacity of close to 10Mta across Karnataka and Telangana Current shareholders in Kesoram Industries are the existing promoter per cent Pilani Investment Industries Corp Ltd per cent and Century Textiles and Industries Ltd per cent
·UltraTech trades flat after acquiring Kesoram s cement business Published 12 34 IST December 1st 2023 Shareholders will receive one share of UltraTech Cement for every 52 Kesoram shares of Rs 10 each
Dangote Cement Plc is a cement manufacturing company with plants at Obajana Kogi and also in Benue and Ibese 2 Lafarge Cement Km 64 Lagos/Abeokuta Expressway Ewekoro Abeokuta Ogun 234 1 2713990 Adana White Cement Nigeria is a cement warehouse in Lagos that distributes and supply Adana cement brand for tiling and building finishing
·UltraTech trades flat after acquiring Kesoram s cement business Published 12 34 IST December 1st 2023 Shareholders will receive one share of UltraTech Cement for every 52 Kesoram shares of Rs 10 each
·KI s cement business which has two manufacturing facilities in Karnataka million tonnes and Telangana million tonnes and a packing plant in Maharashtra had a turnover of Rs 3 518
