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India’s Adani to merge cement into single platform

ADANI CementPlants

India’s Ambuja Cements Limited, part of the Adani Group, has received approval for two separate schemes of amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated ‘One Cement Platform’. The merger…

India RF taking over control of Shree Digvijay Cement

Shree Digvijay Cement

India Resurgence Fund (IndiaRF), an investment platform promoted by Piramal Group & Bain Capital, has completed the acquisition of a 45.01% equity stake in Shree Digvijay Cement Company Limited (SDCCL). SDCCL operates a 3.0 Mta cement capacity plant (photo) in…