#Sanghi Cement

[banglakhobor]

দফায় দফায় আয়কর হানা, নিমেষেই সাফ ময়দান, আবারও আদানির সহায় মোদি! সিমেন্ট চুক্তি ঘিরে বিতর্ক

নয়াদিল্লি: করফাঁকি থেকে শেয়ারে কারচুপির ভূরি ভূরি অভিযোগ সামনে এনেছিল রিসার্চ সংস্থা হিন্ডেনবার্গ সংস্থা। তাতেই বাজারে ধস নামতে শুরু করে আদানিগোষ্ঠীর শেয়ারে। সেই ধাক্কা কাটিয়ে ওঠা অসম্ভব বলে ধরে নিয়েছিলেন বাজার বিশেষজ্ঞরা। কিন্তু সব হিসেব-নিকেশকে মিথ্যে প্রমাণ করে একের পর এক মাইলফলক গড়ে চলেছে শিল্পপতি গৌতম আদানির সংস্থা, তাতে নবতম সংযোজন সিমেন্ট সংস্থা সঙ্ঘী ইন্ডাস্ট্রি লিমিটেডের অধিগ্রহণ…

[dfoxmarketing]

Adani Cement Successfully Refinances $3.5 Billion Loan for ACC and Ambuja

Adani Cement Strategic Refinancing After Ambuja and ACC Cements

Another indication of the growing backing that financial institutions and investors are giving the conglomerate is the fact that Adani Cement has refinanced a $3.5 billion loan that was taken out for the acquisition of ACC and Ambuja Cements.

Gautam Adani successfully acquired the arms of Holcim India in September 2022 through Endeavour Trade and Investment Ltd, a special purpose company. The acquired companies were Ambuja Cements Ltd and ACC Ltd.

In addition to an open offer to the shareholders of both companies, Holcim’s investment in Ambuja and ACC was acquired as part of the transaction.

At $6.50 billion, the Holcim stake plus the open offer consideration for Ambuja Cements and ACC made it the largest acquisition by Adani to date and the largest M&A deal in India’s materials and infrastructure sector.

The deal included Holcim’s 4.48 percent direct holding in ACC as well as its 63.11 percent stake in Ambuja Cements, which had a 50.05 percent interest in ACC.

In a proclamation delivered on Friday, Adani Concrete declared that it had completed the most common way of renegotiating the obligation that the two firms had taken on through a supporting bundle from various unfamiliar banks.

There will be a $300 million expense reserve funds from the renegotiate. Ten unfamiliar banks altogether participated in the plan.

Adani Concrete expressed, “The $3.5 billion re-funding program, which was finished with various global banks and had obligation developments of as long as three years, authenticates areas of strength for the and admittance to capital, enhancing the strong capital prudency embraced at all portfolio organizations.”

This shows Adani’s strong liquidity position and wide admittance to the worldwide monetary area. It expressed, “This achievement exhibits our commitment to development and monetary steadiness.”

Adani Cement’s Capital Management Success and Growth Prospects

The company states that the $3.5 billion refinance represents the ongoing implementation of the capital management plan that was first presented in September 2022 and calls for Adani Cement to gradually reduce its leverage, with cement vertical net debt to EBITDA (earnings before interest, tax, depreciation, and amortization) now being less than twice as high.

The EBITDA per tonne increased from Rs 340 in the quarter ending September 2022 (immediately after the acquisition) to Rs 1,253 in the quarter ending June 23, which represents embedded deleveraging through elevated coverage positioning, according to the statement. These factors, along with the advantages of synergies with the integrated Adani infrastructure platform, particularly in the areas of raw materials, renewable power, and logistics, where Adani portfolio companies have vast experience and deep expertise, also contributed to the improvement.

With the purchase of Sanghi Cement by ACC in 2025, the combined installed production capacity of ACC and Ambuja Cement would increase to 100 million tonnes (mt) annually. After UltraTech Cement, which is led by Kumar Manglam Birla, the firm is the second-largest cement manufacturer.

According to Adani Cement, ten foreign banks provided facilities totaling $3.5 billion to finance the deal.

Mizuho Bank, First Abu Dhabi Bank, DBS Bank, and MUFG Bank served as the transaction’s required lead arrangers, bookrunners, and underwriters.

Also Read: RBI Grants Approval for Ashok Vaswani as CEO of Kotak Mahindra Bank Post Uday Kotak’s Exit

Furthermore serving as the transaction’s mandated lead arrangers and bookrunners were Barclays Bank plc, BNP Paribas, Deutsche Bank AG, ING Bank, Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank.

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[worldlites]

Adani Sanghi Deal: Adani seals Sanghi deal to boost cement capacity | India Business News - Times of India

MUMBAI: The country’s second richest person Gautam Adani has struck a deal with Ravi Sanghi and family to acquire their cement business, Sanghi Industries, for an enterprise value of Rs 5,000 crore – including about Rs 1,500-crore debt. Sanghi is Adani’s first major acquisition after US short-seller Hindenburg’s damning report. Ambuja Cements, which Adani acquired in September 2022, will buy 57%…

[gojackenmitracoolas]

इलाहाबाद हाईकोर्ट ने गुरुवार को ज्ञानवापी परिसर के ASI सर्वे की इजाजत दे दी। https://www.youtube.com/watch?v=Y7V16GKpdgY युग चरण के साथ देखिये देश-विदेश की सभी महत्वपूर्ण और बड़ी खबरें | अडाणी ग्रुप की कंपनी अंबुजा सीमेंट ने गुजरात की सीमेंट कंपनी सांघी इंडस्ट्रीज का अधिग्रहण का लिया। Adani Group's company Ambuja Cement acquired Gujarat's cement company Sanghi Industries. अमेरिका एक बार फिर से भारत और पाकिस्तान के बीच सीधी बातचीत शुरू करवाना चाहता है। America once again wants to start direct talks between India and Pakistan. इलाहाबाद हाईकोर्ट ने गुरुवार को ज्ञानवापी परिसर के ASI सर्वे की इजाजत दे दी Allahabad High Court on Thursday allowed ASI survey of Gyanvapi campus IBPS ने राजस्थान समेत देशभर बैंकों में स्पेशलिस्ट ऑफीसर के 1402 पदों पर वैकेंसी निकली। IBPS released vacancies for 1402 posts of Specialist Officer in banks across the country including Rajasthan. Watch the latest Hindi news Live on the World's Most Loved News Channel on YouTube. Latest News about Politics , Sports , Entertainment, Crime at Yugcharan Channel. Un Biased News Reporting ! Follow this link to join our WhatsApp group to get Latest News Updates : https://chat.whatsapp.com/ESor6YJXGEIL9y7DZRCtim Subscribe our channel for the latest news: https://www.youtube.com/@yugcharan Like us: https://www.facebook.com/theyugcharan Follow us: https://twitter.com/theyugcharan Telegram : https://t.me/TheYugCharanpaper Instagram : https://www.instagram.com/theyugcharan/ Website : https://yugcharan.com #today_breaking_news #Breaking_news #Latest_news #Hindi_News #News #NewsHindiLive #LiveTVNews #HindiNews #gyanvapi #gyanvapimasjid #gyanvapinews #adanigroup #americanews #pakistannews #jobvacancy2023 via Yugcharan News https://www.youtube.com/channel/UCbT6O9BlRulH48ph5QmCYEg August 03, 2023 at 04:08PM

[shahananasrin-blog]

[ad_1] MUMBAI: Indian billionaire Gautam Adani’s Ambuja Cements Ltd will buy a majority stake in Sanghi Industries Ltd as the tycoon’s ports-to-power conglomerate looks to expand cement operations across the South Asian nation, according to people familiar with the matter. The acquisition by Ambuja is likely to be announced as soon as Wednesday, two of the people said, asking not to be identified as the information is private. Ambuja will probably buy out the owners of Sanghi, with the deal giving the company a roughly 50 billion rupees ($606 million) enterprise value, according to the people. Adani Group and Sanghi didn’t immediately respond to requests for comment. Reuters first reported that Ambuja reached an agreement to buy Sanghi.If it goes through, the deal will propel Adani Group’s plans to double annual cement making capacity by 2027 after closing the acquisition of Holcim Ltd’s Indian assets last year, a purchase that made the conglomerate India’s second-largest producer of the construction material. Sanghi has an annual production capacity of 6.6 million metric tons of clinker and 6.1 million metric tons of cement, according to its website.The cement company is controlled by first generation entrepreneur Ravi Sanghi, who is the firm’s chairman and managing director. This will be the first major acquisition by Adani Group after months of damage control following US short seller Hindenburg Research’s allegations in January of years-long corporate malfeasance, which sent the group’s stocks and bonds tumbling. The conglomerate has denied any wrong doing.On Wednesday, Ambuja reported first quarter net income of 6.45 billion rupees, a 39% drop from the same period a year earlier, which missed the 8 billion rupees estimates by analysts surveyed by Bloomberg. The company’s shares declined as much as 2% in Mumbai trading.!(function(f, b, e, v, n, t, s) function loadFBEvents(isFBCampaignActive) if (!isFBCampaignActive) return; (function(f, b, e, v, n, t, s) if (f.fbq) return; n = f.fbq = function() n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments); ; if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = '2.0'; n.queue = []; t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); )(f, b, e, ' n, t, s); fbq('init', '593671331875494'); fbq('track', 'PageView'); ; function loadGtagEvents(isGoogleCampaignActive) if (!isGoogleCampaignActive) return; var id = document.getElementById('toi-plus-google-campaign'); if (id) return; (function(f, b, e, v, n, t, s) t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; t.id = 'toi-plus-google-campaign'; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); )(f, b, e, ' n, t, s); ; window.TimesApps = window.TimesApps )( window, document, 'script', ); [ad_2]

[buildingmaterialsuppliergurgaon]

Comaron is an easy solution for construction materials in India. Cement is generally used as a binder in concrete, which is an elementary material for all forms of construction, containing housing, schools, hospitals, roads, dams and ports, as well as for attractive applications and items similar to tables, sculptures or bookcases. Sanghi cement is high quality of its mineral reserves and cutting-edge manufacturing technology has enabled it to produce superior grade Cement, while keeping low cost of production. The company sell three kinds of cement – Ordinary Portland Cement, Portland Pozzolana Cement, along with Portland Slag Cement. To know more detail about Sanghi cement Manufacturer of PPC OPC & PSC Cement in  Gujrat, India visit our official website.

[narayanabusinessschool-blog]

#NBS is known for its practical teaching approach and going over-the-counter make its students interact with known personalities from different walks of life. We are overwhelmed by the presence of Yog Joshi on our campus. He is a known marketing magnet with 19 years of extensive experience in Sales and Business Development, looking after online payments of Educational Fees, Online Insurance renewal, Internet and Cable Payment for online renewal, Online Bus Tickets Booking and Banking Alliances. Yog has been associated with brands like Alembic Pharmaceuticals, Sanghi Cement, ICICI Bank and ICICI Merchant Services. Currently he is working with AggrePay Payment Solution Pvt Ltd as an Associate Vice President – Sales. A multi-talented personality and skilled professional, we were privileged to have him to conduct 2-day brainstorming "Technical analysis workshop" covering various financial aspects of management education on our campus. It was a learning and knowledge sharing experience for the students, giving them practical exposure to the management concepts they learn in classroom. The students actively participated in the workshop, with a question-answer session at the end. Yog played a vital role in our journey to make our students #CORPORATE_READY". Here are a few Sneak Peaks of the event. . . . . #mostlovedbshool #NBS_SneakPeak #NBSians #BeyondEducation #KnowledgeCell #ManagementTheories #technicalanalysis #Candlesticks (at Narayana Business School) https://www.instagram.com/p/B2gtYhlH4n5/?igshid=19x97qk5k8xa1

[arrowmoney]

News/Updates

Trading Tweaks AGM Date: IDBI Bank, Somany Ceramics, Delta Corp, Alembic, Sobha, Orient Electric, Novartis, Mahindra & Mahindra, KEC International, Jyothy Labs, Deepak Nitrite, ICICI Pru Life, Cosmo Films, Central Bank of India, Bayer Cropscience, Bata, Amara Raja Batteries, Alembic Fund Raising: Renuka Sugar, CG Power and Industrial Solutions, REC, Info Edge Price Band Revised From 10% To 20%: Aavas Financiers, Arvind, Asian Granito, Astron Paper & Board Mill, Atul Auto, Balaji Telefilms, Bharat Dynamics, Birla Corporation, Aditya Birla Money, Chalet Hotels, Dhanlaxmi Bank, Avenue Supermarts, Fineotex Chemical, Eros International Media, General Insurance Corporation, Himatsingka Seide, IIFL Finance, IOL Chemicals and Pharmaceuticals, IRB Infrastructure Developers, Jubilant Industries, ITI, Mahindra Logistics, Manali Petrochemicals, NACL Industries, Orient Cement, Panacea Biotec, Panama Petrochem, Parag Milk Foods, Prism Johnson, Shalimar Paints, Sanghi Industries, Shoppers Stop, SpiceJet, Suven Pharmaceuticals, Tata Steel Long Products, TCPL Packaging, TRF, Trident, TV18 Broadcast, Zee Learn. Price Band Revised From 10% To 5%: Godawari Power And Ispat, Neogen Chemicals Price Band Revised From 5% To 10%: Adani Green Energy, Adani Transmission, Affle (India), Aries Agro, Dish TV India, Entertainment Network (India) , Federal-Mogul Goetze , Globus Spirits, Graphite India, GVK Power & Infrastructure, Heritage Foods, Indiabulls Real Estate, IDBI Bank, IFB Agro Industries, Indian Overseas Bank, ITDC, Kakatiya Cement Sugar & Industries, Lakshmi Vilas Bank, Lemon Tree Hotels, Magma Fincorp, Mahindra CIE Automotive, MT Educare, Munjal Showa, Punjab & Sind Bank, Quess Corp, Religare Enterprises, Reliance Power, Satin Creditcare Network, Suven Life Sciences, Tube Investments of India, Titagarh Wagons, V2 Retail. Price Band Revised From 5% To 20%: Anant Raj, AU Small Finance Bank ,Credit Access Grameen, Delta Corp, Eveready Industries, Gujarat Fluorochemicals , Future Retail , GTPL Hathway, Hindustan Oil Exploration, HFCL, IG Petrochemicals, KPIT Technologies, Nath Bio-Genes, PNB Housing Finance, Prince Pipes And Fittings, Sadbhav Infrastructure Project, Sharda Cropchem , South Indian Bank, Spandana Sphoorty Financial, Surya Roshni, Sterling And Wilson Solar, Take Solutions, Thirumalai Chemicals, Varroc Engineering, VA Tech Wabag. Move Into ASM Framework: Camlin Fine Sciences, Intense Technologies Move Into Short-Term ASM Framework: Vaibhav Global, Pricol

[sillydreamfishpony]

Share market update: Cement stocks mixed; Andhra Cements up 4%

Share market update: Cement stocks mixed; Andhra Cements up 4%

NEW DELHI: Cement shares were shopping and selling on a blended existing on Wednesday’s afternoon session.

Shares of Andhra Cements (up 4.05 per cent), NCL Industries (up 3.68 per cent), Orient Cement Ltd (up 3.53 per cent), Sanghi Industries (up 3.16 per cent), Barak Valley Cements (up 3.01 per cent), Mangalam Cement(up 2.61 per cent), Shree Cement (up 2.39 per cent) and J Enough Cements (up…

[ainvestops]

Andhra Cements share price: Stock market update: Cement shares tumble; Andhra Cements dives 5%

NEW DELHI: Most of the cement stocks were trading with losses in Tuesday’s afternoon session.

Shares of Andhra Cements (down 4.95 per cent), Barak Valley Cements (down 4.77 per cent), NCL Industries (down 3.63 per cent), Sagar Cements (down 3.50 per cent) and Sanghi Industries (down 3.45 per cent) were among the top losers.

Shiva Cement (down 3.07 per cent), Birla Corporation (down 2.79 per cent), Dalmia Bharat (down 2.08 per cent), Mangalam Cement (down 1.85 per cent) and India Cements (down 1.69 per cent) too were in the red around the same time.

While Shree Digvijay Cement (up 2.67 per cent), Century Textiles & Industries (up 2.02 per cent) and Saurashtra Cement (up 1.07 per cent) were among the top gainers.

The NSE Nifty50 index was trading 47.90 points up at 11,180.65, while the 30share BSE Sensex was up 93.50 points at 38,237.52 at around 11:50 am.

Sun Pharmaceutical Industries (up 3.84 per cent), Oil & Natural Gas Corporation (up 2.41 per cent), Tata Steel (up 2.24 per cent), NTPC (up 1.73 per cent) and HCL Technologies (up 1.71 per cent) were among the top gainers in the Nifty pack.

On the other hand, Bajaj Auto (down 4.87 per cent), Titan Company (down 1.07 per cent), HDFC Bank (down 0.91 per cent), Asian Paints (down 0.59 per cent) and ITC (down 0.56 per cent) were trading in the red.

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[noncyowen]

Cement shares trade firm in weak market; Shree Cement hits record high

Cement shares trade firm in weak market; Shree Cement hits record high

[ad_1]

Shares of cement manufacturers continued their northward march in an otherwise weak market on Wednesday on hopes of demand recovery and healthy earnings.

Orient Cement (up 14 per cent at Rs 87.50), Sanghi Industries (10 per cent at Rs 43.30), Heidelberg Cement (9 per cent at Rs 202), and Star Cement (8 per cent at Rs 97), all rallied more 5 per cent on the BSE in intra-day trade on…

[abhishekrungta]

RT @UmeshBhutoria: Super excited with the release of the #IaaS application for Sanghi Cements! #Cement #PredictiveMaintenance #EnergyAnalytics How much more did the client invest in gathering "more" data? Nothing! https://t.co/wl3AQzVHZT

Super excited with the release of the #IaaS application for Sanghi Cements! #Cement #PredictiveMaintenance #EnergyAnalytics How much more did the client invest in gathering "more" data? Nothing! pic.twitter.com/wl3AQzVHZT

— Umesh Bhutoria | #FEL100 (@UmeshBhutoria) May 18, 2018

via Twitter https://twitter.com/abhishekrungta May 18, 2018 at 09:41PM

[mathursam-blog]

Sanghi Industries Limited is among leading cement manufacturers from Western India. Sanghi Cement's 4.1 million tonnes per annum capacity plant Located in Kutch, Gujarat is one of the largest single location cement plant in India.