Tag South Asia

India’s Adani Group buys Penna Cement

Penna IntegratedPlant 1

India’s Adani Group will acquire Penna Cement for Rs 10,422 crore. The deal includes the purchase of 100% shares of Penna Cement Industries Ltd (PCIL) from its current owners, P Pratap Reddy and family. PCIL has an operational cement production…

India’s Sagar Cement will upgrade 3 cement plants

SagarCement Dachepalli2

India’s Sagar Cement will upgrade three cement plants to increase its cement capacity from 10.5 Mt to 12.0 Mt mainly with upgrades and through debottlenecking. The Dachepalli plant which is part of subsidiary Andrah Cement (photo) will be expanded from…