UltraTech Cement, an Aditya Birla Group company, has acquired 8.69 per cent in Star Cement for ₹851 crore to further consolidate its position as the largest cement producer in the country.
In a major reshuffle in India's cement industry, UltraTech Cement, part of the Aditya Birla Group, has officially taken control of The India Cements Limited following a Rs 7,000 crore acquisition.
UltraTech Cement Limited, the flagship company of the Aditya Birla Group, has initiated a pilot project to transport mineral gypsum via National Waterway 1 (Ganga-Bhagirathi-Hooghly river system).
Aditya Birla Group also plans to maintain its lead with 200 MTPA capacity by FY27. UltraTech is also in the process of acquiring Kesoram Industries' cement business and is awaiting regulatory ...