UltraTech Cement Revises Bid to Acquire 25% Stake in UAE-Based RAKWCT

28 Jun 2024 CW Team

UltraTech Cement, India's leading cement producer, has revised its offer to acquire a 25% stake in the UAE-based RAK White Cement Company (RAKWCT). This strategic move is part of UltraTech's broader efforts to expand its footprint in international markets and diversify its product portfolio.

The revised offer comes after comprehensive evaluations and negotiations aimed at securing a favorable deal that aligns with UltraTech's growth objectives. Acquiring a significant stake in RAKWCT, known for its high-quality white cement, will enable UltraTech to enhance its market position and leverage new growth opportunities in the Middle East and beyond.

RAKWCT, a prominent player in the cement industry, specializes in the production of white cement, a niche segment with growing demand in construction and infrastructure projects worldwide. By integrating RAKWCT's expertise and production capabilities, UltraTech aims to capitalize on the increasing global demand for specialized cement products.

The updated acquisition proposal underscores UltraTech's commitment to strategic investments that drive long-term value creation. It reflects the company's proactive approach to expanding its international operations and establishing a strong presence in key global markets.

As the deal progresses, stakeholders anticipate positive outcomes, including enhanced production capacities, improved product offerings, and strengthened competitive advantage for UltraTech Cement. The acquisition is expected to contribute significantly to the company's revenue growth and market diversification efforts.

This strategic acquisition aligns with UltraTech's vision of becoming a global leader in the cement industry, leveraging innovative solutions and strategic partnerships to achieve sustainable growth and profitability.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..