UltraTech Cement Expands Into Wires and Cables with Kesoram Deal

26 Feb 2025 CW Team

UltraTech Cement announced a 1:52 share swap ratio for acquiring Kesoram Industries, with the scheme set to take effect on March 1, 2025. The Aditya Birla Group’s flagship company also revealed plans to enter the wires and cables segment with a Rs 18 billion capital expenditure. UltraTech will establish a wires and cables manufacturing plant in Bharuch, Gujarat, slated for commissioning by December 2026. The move aligns with UltraTech’s strategy to strengthen its position as a comprehensive building solutions provider, leveraging its manufacturing expertise and customer reach to deliver high-quality products and capture a larger market share. (Moneycontrol)

Building Material

26 Feb 2025

AkzoNobel India to Buy Dulux IP for Rs 11.52 Billion Amid Sale Talks

AkzoNobel India is set to acquire the intellectual property rights, including the trademark and goodwill of its flagship ‘Dulux’ brand for India, Nepal, Bhutan, and Bangladesh from its parent company Akzo Nobel for Rs 11.52 billion. This move signals the potential sale of the decorative paints business under the Dulux brand. Sources indicate that in the second round of discussions, the parent company has shortlisted three Indian bidders for the business, with JSW Paints (in partnership with TPG) and Pidilite emerging as prominent contenders who have placed non-binding bids. (businessline)..

Ports, Shipping and Logistics to Drive Growth

India’s maritime sector remains a vital pillar of economic development, facilitating trade and global connectivity. Union Minister of Commerce & Industry Shri Piyush Goyal, speaking at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025 in Mumbai, highlighted the need to enhance shipbuilding, flagged vessel operations, and logistics efficiency. The Minister noted that India has immense potential in shipbuilding and urged stakeholders to propose strategies for increasing Indian-flagged vessels. While India allows cabotage within WTO regulations, the country lacks a..

India’s Investment Climate Strengthens Growth and Global Alliances

The Central Government is committed to creating a business-friendly investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in India. Union Minister of Commerce & Industry Shri Piyush Goyal reiterated this during his virtual address at the Pune International Business Summit 2025, organised by the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) on January 24, 2025. Shri Goyal highlighted that Prime Minister Shri Narendra Modi’s recent visits to the USA and France have strengthened investment opportunities and global partnership..