Page 3 - Acc Cement
Adani Cement leaves industry body that represents large cement companies
The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country
 "Adani Cement leaves industry body that represents large cement companies")
ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100
Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index
 "ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100")
Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani
Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share
 "Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani")
ACC promoter entity Ambuja Cements frees NDU on shares of company
After the release, the total promoter holding pledged with lenders now stands at 2.16 per cent from 52.21 per cent earlier
 "ACC promoter entity Ambuja Cements frees NDU on shares of company")
India Cements looks to fortify base but future growth remains a question
ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%
 "India Cements looks to fortify base but future growth remains a question")
Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each
 "Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak")
ACC logs surprise net loss of Rs 87.35 crore on high fuel, power costs
Net sales up 7%; royalty agreement with Holcim terminated on Sept 16; paid Rs 264 cr as royalty and technical fees in CY21
 "ACC logs surprise net loss of Rs 87.35 crore on high fuel, power costs")
ACC reports net loss of Rs 87 cr for Sept qtr, revenue rises 6%
According to ACC, its EBITDA in the quarter 'stood at Rs 16 crore largely due to steep rise in fuel cost' as against Rs 712 crore earlier
 "ACC reports net loss of Rs 87 cr for Sept qtr, revenue rises 6%")
Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss
Business Standard brings you top news of the evening
 "Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss")
Adani Group stocks drop in a dull market; Adani Ent, ATG slip up to 5%
Despite an overall weak market, shares of Adani Wilmar was up 2 per cent at Rs 785.90, as they bounced back 7 per cent from its intra-day low of Rs 735 per share on the BSE.
 "Adani Group stocks drop in a dull market; Adani Ent, ATG slip up to 5%")
Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%
Despite of Wednesday's fall, most of the cement stocks have outperformed markets in the past one month, on consolidation hopes in the cement industry.
Adani Group pledges stake worth $13 bn in ACC, Ambuja Cements
The pledge comes as the tycoon's ambitious dealmaking in an array of new sectors from green energy to media raises concerns over the high level of debt across the Adani group.
Adani Group signs non-dealing pact with foreign banks on cement stake
Adani stake is worth Rs 1.01 trillion as of Tuesday
 "Adani Group signs non-dealing pact with foreign banks on cement stake")
Ambuja, ACC capacity to double to 140 mtpa in 5 years: Gautam Adani
Both companies will become country's most profitable cement firms as margins will go up due to rising demand: Gautam Adani
 "Ambuja, ACC capacity to double to 140 mtpa in 5 years: Gautam Adani")
Adani Group to become most profitable cement manufacturer: Gautam Adani
Days after completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country. Adani Group last week completed buyout of Swiss major Holcim's stake in the two firms. Calling the acquisition historic, he said this buyout is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of 4 months. "Our entry into this business is happening at a ..
Meet Karan Adani, eldest son of Gautam Adani set takeover as chair of ACC
Karan, who holds a degree in Economics from Purdue University, started his corporate career at Mundra port -- the first mega project undertaken by the Adani group
 "Meet Karan Adani, eldest son of Gautam Adani set takeover as chair of ACC")
Adani group overtakes Tatas to be India's most valued conglomerate
The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world
 "Adani group overtakes Tatas to be India's most valued conglomerate")
Gautam Adani's elder son to oversee newly acquired cement companies
An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.
 "Gautam Adani's elder son to oversee newly acquired cement companies")
Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash
Divestment will help Swiss company become global leader in sustainable building solutions, says CEO
Ambuja Cements and ACC stocks close much above the offer prices
The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.