Meanwhile, channel checks by some brokerages suggest that dealers in the South may attempt to pass on price hikes in January. However, sustaining potential price increases in the near term can be challenging, as the upcoming festivals of Makar Sankranti and Pongal may temporarily impact construction activity and lead to a labor shortage. Source
Pan India powerhouse ACC, which was acquired by Adani from Holcim in 2022, has forged itself a reputation for quality in the north. Orient Cement was acquired from Birla group in 2024, and has carved a niche in the south. Ambuja Cement, the parent entity that is absorbing ACC and Orient, boasts of a nation-wide…
Adani Enterprises NCDs: Adani Enterprises Limited, a company owned by veteran businessman Gautam Adani, has approved raising a total of ₹ 1,000 crore through non-convertible debentures (NCDs). The company gave this information in its exchange filing on Wednesday. This public issue will consist of NCDs with face value of Rs 1,000, with a base issue…
ACC Orient Cement Merger News: Shares of Ambuja Cements and Orient Cement rose in intraday trading on Tuesday, December 23. The companies announced that their boards have approved the plan to merge the two Adani Group companies. Meanwhile, shares of ACC went into the red. Orient Cement shares rose nearly 10 percent in morning trade…
