Star Cement-Ultratech Cement deal: Ultratech has approved to make an investment to acquire non-controlling minority stake for up to 37 million equity shares of Star Cement at a price Rs 235 per share
To fuel India's growth, Ambuja Cements has initiated capacity expansion projects of 20 MTPA, spanning every region of the country, over FY 2025-26
The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December
Elara Capital believes Star Cement is well placed to report healthy performance from hereon led by healthy volume growth due to ramp-up of recently added capacity and completion of ongoing project.