UltraTech Cement's consolidated net sales rose 13 per cent year-on-year (Y-o-Y) to ₹21,040 crore, up from ₹18,626 crore in the corresponding period last year.
Trent, Raymond, ACC, SBI, Tata Steel and Reliance were among the consistent gainers in one-month period post India-Pakistan conflicts, shows analysis of 262 commonly traded stocks during these periods
The cement business accounted for the bulk of Kesoram's revenue from operations. According to the FY24 annual report, revenue from cement was Rs 3,736.10 crore
The tyre business was demerged some years back and acquired by Himadri Speciality Chemical and Dalmia Bharat Refractories under a corporate insolvency resolution
Kesoram Industries hit a 52-week high of Rs 129.43, gaining 5 per cent, on report that UltraTech Cement has expressed interest in acquiring cement assets of the company
B K Birla Group company Kesoram Industries is likely to offer a hefty discount of 30 per cent or more from market price in proposed upcoming rights offer to reward shareholders, company sources said.
The company informed bourses that it has also raised Rs 1,603 crore via NCDs with maturity in February 2026, and optionally convertible debentures amounting to Rs 459 crore
Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it