Friday, July 11, 2025

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Cement business

CCI directs UltraTech, Dalmia Bharat, Shree Digvijay Cement to furnish financial records over alleged cartelisation: All you need to know why the cement companies...

India’s Competition Commission has asked UltraTech, Dalmia Bharat, and Shree Digvijay Cement to submit financial records over alleged cartelisation in ONGC tenders. The probe found the firms may have colluded to fix cement prices, harming fair competition.

Gautam Adani plans to sell stake in Ambuja cement for $450 mn to reduce debt: Report

Gautam Adani plans to divest shares of Ambuja Cement to raise roughly $450 mn and reduce debts on the group.

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