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Vadraj Cement transferred to NCLT for debt resolution

This move offers a glimmer of hope to creditors

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Kerala govt may expedite award of teminal project

Kerala government, which rejected the offer of the sole bidder ABG Cements Ltd for the cement terminal project at Azhikkal port, may expedite the implementation of the project through some other ways, media reports indicate. Unconfirmed reports indicate that the state government may not go for fresh..

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UltraTech in talks with ABG

Aditya Birla Group-owned UltraTech Cement, has begun talks to purchase an incomplete 6.7 mn tonne cement plant in Gujarat owned by ABG Cement (ABGCL). Axis Capital is advising UltraTech on the deal. UltraTech has offered around Rs 4,660 crore at $130 a tonne while ABG is believed to be asking for Rs..

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UltraTech in talks with ABG to buy cement plant

Aditya Birla Group-owned UltraTech Cement, has begun talks to purchase an incomplete 6.7-million-tonne cement plant in Gujarat owned by ABG Cement (ABGCL) sources said. Executives of both UltraTech Cement and ABG had three rounds of negotiations. Axis Capital, the investment banking arm of Axis Bank..

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ABG in talks with firms to sell stake in cement biz

To sell a minority stake in its cement business for about $150 million, ABG Group is in talks with private equity and financial firms. The company's cement business, housed under ABG Cement, has a 6.5-million tonne facility in Kutch, Gujarat, which is expected to be commissioned in a few weeks.

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Companies keen on Azhikkal port project

Several infrastructure companies have evinced interest for the Rs 150 crore Azhikkal port project that will be developed in two modules through PPP route.

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ABG Cement to build captive cargo jetty in Surat

A captive cargo handling jetty will be built in Surat, Gujarat by ABG Cement. The capacity of the jetty will be around 4.95 mtpa.

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