Backed by healthy demand prospects for the sector, large cement companies are looking to increase their capacity and maintain market share through, organic and inorganic expansions.
According to ICRA, this upgrade is attributed to ATGL's improved financial risk profile, driven by sustained growth in sales volume, which has resulted in an increased scale of operations and better profitability.
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
Singapore, May 30: Azentio Software ("Azentio") - a leading end-to-end software company specializing in the BFSI sector - today announces the appointment of Rahul Arora as its new Chief Sales Officer. This move further strengthens Azentio's leadership team as Arora spearheads sales expansion
Mumbai (Maharashtra) [India], May 30: Liquid Diamonds, a B2B diamond sourcing platform with offices in New York and Mumbai, is excited to introduce a revolutionary new technology that ensures price transparency, cost savings, and real-time access for jewelry retailers across the globe throug
Mumbai (Maharashtra) [India], May 29: Krystal Integrated Services Limited (KISL), a market leader in facility management services across India has reported its best-ever results in a financial year on the back of strong operational and financial performance for the Q4 and FY24 ended March 20
Mumbai (Maharashtra) [India], May 28: Mumbai's real estate landscape has evolved significantly, driven by factors like population growth, infrastructure expansion, and governmental policies. The Cushman & Wakefield's report on Chembur, mentions this micro market having emerged as one of
Bangalore (Karnataka) [India], May 28: Surging ahead with its nationwide expansion, Oben Electric, a homegrown performance electric motorcycle brand has announced its foray into key markets including the capital city - Delhi, Pune and Kerala, while bolstering its presence in Bengaluru. Commi
Bengaluru (Karnataka) [India], May 27: Aster DM Healthcare Limited ("Company"), one of the largest integrated healthcare providers in India, has announced its expansion plan for Aster CMI Hospital, a leading multispecialty hospital in Bengaluru. The unit will have an additional infrastructur
New Delhi [India], May 27: Mare Maritime, a leader in shipping, trading, and logistics, is taking a major step into the Indian market by establishing a new headquarters in Mumbai's Bandra Kurla Complex. This expansion is part of the company's strategy to capitalize on India's growing demand
Ahmedabad (Gujarat) [India], May 27: Rs 38.83 crore Rights issue of Gujarat based Franklin Industries Ltd (BSE - 540190) engaged in the trading of agriculture commodities and providers of contract farming services has opened for subscription on May 24, 2024. The funds raised through the issu
Surat (Gujarat) [India], May 27: StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited, one of India's largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels, is set to raise funds through an SME IPO or preferential issue