Merlin Prime Spaces Acquires 13,185 Sq M Land Parcel In Pune

Rs 273 crore purchase broadens the developer’s Pune presence

Published

2 months ago

March 6, 2026

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Merlin Prime Spaces (MPS) has acquired a 13,185 sq m land parcel in Pune for Rs 273 crore, marking a notable expansion of its footprint in the city.

The transaction value converts to Rs 2,730 mn or Rs 2.73 bn.

The parcel is located in a strategic area of Pune and the firm described the acquisition as aligned with its growth objectives.

The deal follows recent activity in the region and will be watched by investors and developers.

MPS said the acquisition will support its planned development pipeline and enable delivery of commercial and residential space to meet local demand.

The company expects the site to provide flexibility in product design and phased development to respond to market conditions.

The move reflects an emphasis on land ownership in key suburban markets.

The emphasis on land acquisition reflects a strategy to secure inventory ahead of demand cycles.

The purchase follows a period of sustained investor interest in Pune real estate, driven by expanding office ecosystems and residential demand from professionals.

MPS will integrate the new holding into its existing portfolio and plans to engage with local authorities and stakeholders to progress approvals and infrastructure readiness.

No financial partners were disclosed in the announcement.

The firm indicated that timelines will depend on approvals and prevailing market conditions.

Analysts note that strategic land acquisitions at scale can help developers manage costs and timelines while preserving optionality for future projects.

MPS will now hold an enlarged land bank in the region as it pursues growth, and the acquisition underlines continued corporate appetite for measured expansion in second tier cities.

The company intends to move forward with detailed planning in the coming months.

Stakeholders will assess how the site is positioned relative to existing infrastructure and connectivity.

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Adani Cement and Naredco Partner to Promote Sustainable Construction

Guna Cement Plant to Create 1,500 Jobs

Ambuja Cement to set up four million (mn) tonne plant in Guna

Published

6 hours ago

May 13, 2026

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Madhya Pradesh Chief Minister Mohan Yadav laid the foundation stone for a four million tonne capacity cement plant at Mawan village in Guna district, about 10 km from the district headquarters. The factory, to be set up by Ambuja Cement of the Adani Group at a cost of Rs 10.59 billion, is expected to create 1,500 jobs. Officials said the event included a groundbreaking ceremony and local infrastructure works.

Yadav also inaugurated 144 development projects worth around Rs 1.3 billion and said the government would offer to acquire land from farmers at four times the market price to make them partners in development. He highlighted local produce such as coriander and roses as assets for economic renewal. Authorities said the measures aim to reduce delays and attract further investment.

Company officials said the plant will be developed in two phases, with the first phase targeted to be operational by 2028, and that total output would reach 4 million metric tonnes. The project was projected to add more than Rs 60 billion to the state treasury and to support ancillary industries and supply chains. Officials presented the factory as a catalyst for regional economic transformation and sustained employment.

Union minister Jyotiraditya Scindia welcomed the venture as part of the national agenda for a developed India by 2047 and credited state leadership for improving the investment climate. He set out expectations of new local jobs and cited plans for women centred units and sewing facilities, while noting that Adani would establish a defence unit with an investment of Rs 25 billion. Adani Group representatives said they would contribute to local infrastructure and thanked leaders for facilitating the project.

Concrete

IHCL Posts Record Quarter And FY2026 Results

Consolidated revenue Rs 99.71 billion; PAT Rs 20.84 billion

Published

6 hours ago

May 13, 2026

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The Indian Hotels Company (IHCL) reported consolidated results for the fourth quarter and fiscal year to 31 March 2026. IHCL said the fourth quarter was the 16th consecutive quarter of record performance with consolidated revenue of Rs 28.45 billion, up 14 per cent year on year, and EBITDA of Rs 10.52 billion with an EBITDA margin of 37 per cent. For FY2026 the company reported consolidated revenue of Rs 99.71 billion, EBITDA of Rs 34.77 billion, an EBITDA margin of 34.9 per cent and PAT of Rs 20.84 billion. The board proposed a dividend at 25 per cent of consolidated PAT before exceptional items.

IHCL said its multi?brand strategy, a mix of asset light contracts and select investments, delivered broad based growth and operating leverage. The company noted a compound annual growth rate for FY23 to FY26 of 19 per cent for revenue, 21 per cent for EBITDA and 28 per cent for PAT before exceptional items. IHCL added three new brands this year and signed 250 hotels, building a portfolio of 630 hotels with a pipeline of 255 hotels and operating 373 hotels with over 33,000 rooms.

The standalone business reported revenue of Rs 56.40 billion for FY2026 driven by a RevPAR increase of 12 per cent in the fourth quarter, an EBITDA margin of 45.1 per cent and PAT of Rs 20.12 billion. IHCL said same store hotels delivered RevPAR growth of nine per cent and management fee income rose 22 per cent to Rs 6.85 billion. New businesses and airline and institutional catering grew strongly, the latter recording revenue of Rs 12.19 billion.

IHCL reported investments of over Rs 10.00 billion across greenfield projects, key asset renovations and digital initiatives and completed majority stake acquisitions in several hospitality businesses to strengthen future revenue streams. The company finished the year with a gross cash balance of Rs 43.45 billion and said its credit rating was upgraded to AAA+ by ICRA. IHCL also highlighted brand recognitions that reinforced its market positioning.

Concrete

Top 10 Cement Companies in India

Leading cement makers are driving India’s infrastructure growth

Published

1 day ago

May 12, 2026

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India’s cement industry is the backbone of the country’s infrastructure and real estate growth. With massive investments in highways, metros, housing, and industrial corridors, demand for cement continues to rise steadily. In 2026, the industry is not just expanding in capacity but also evolving through sustainability initiatives, digitalisation, and advanced manufacturing technologies.

From producing low-carbon cement to expanding distribution networks across urban and rural India, leading companies are playing a crucial role in shaping the nation’s-built environment. Here’s a detailed look at the top 10 cement companies in India driving this transformation:

1. UltraTech Cement

UltraTech Cement is India’s largest cement manufacturer and a flagship company of the Aditya Birla Group. With an extensive presence across the country and global operations, it dominates both retail and institutional markets.

The company has consistently focused on capacity expansion, making it a preferred choice for mega infrastructure projects such as highways, metro rail systems, and commercial developments. UltraTech is also investing heavily in sustainability, including waste heat recovery systems and green energy usage.

Key highlights:

Largest cement producer in India
Strong pan-India distribution network
Focus on low-carbon and sustainable cement

2. Ambuja Cements

Ambuja Cements is widely known for its strength, durability, and environmentally responsible manufacturing practices. Now part of the Adani Group, the company is aggressively expanding its footprint in the Indian market.

Ambuja has been a leader in sustainable construction, with initiatives focused on reducing carbon emissions and promoting eco-friendly building materials. Its products are particularly popular in residential and coastal construction due to their high resistance to environmental conditions.

What sets it apart:

Strong sustainability focus
High-performance cement for varied conditions
Growing market presence under new leadership

3. ACC Limited

ACC Limited is one of the oldest and most trusted cement brands in India, with a legacy spanning decade. Also, part of the Adani Group, ACC is known for its consistent quality and innovation.

The company has a robust supply chain and a wide distribution network, making its products easily accessible across the country. ACC is also focusing on digital transformation and sustainable production processes.

Core strengths:

Strong brand trust and legacy
Reliable quality across projects
Focus on innovation and digitalisation

4. Shree Cement

Shree Cement is one of the fastest-growing cement companies in India, known for its cost efficiency and operational excellence. It has built a strong reputation for delivering high-quality cement at competitive prices.

The company is also a leader in energy efficiency, using alternative fuels and renewable energy sources to reduce costs and environmental impact.

Why it stands out:

Cost-efficient operations
Strong presence in North and East India
Focus on energy conservation

5. Dalmia Bharat

Dalmia Bharat Group has emerged as a major player in the cement industry with a strong emphasis on sustainability and innovation. The company aims to become carbon negative in the coming years, setting new benchmarks for green manufacturing.

Dalmia Bharat supplies cement for large-scale infrastructure projects and is known for its durable and high-performance products.

Key advantages:

Industry leader in sustainability
Strong presence in infrastructure projects
Focus on green cement solutions

6. The Ramco Cements

Ramco Cements is a well-established name in South India, known for its high-quality cement and strong customer base. The company has steadily expanded its footprint while maintaining product reliability. Ramco is also investing in modern technologies and renewable energy to improve efficiency and reduce environmental impact.

Highlights:

Strong regional dominance in South India
Consistent product quality
Focus on technological upgrades

7. JSW Cement

JSW Cement, part of the JSW Group, is known for its eco-friendly approach and innovative product range. The company focuses on producing green cement using industrial by-products like slag. JSW Cement is rapidly expanding its capacity to compete with established players and strengthen its market position.

Key features:

Eco-friendly cement production
Focus on innovation and sustainability
Rapid expansion strategy

8. JK Cement

JK Cement is a leading manufacturer of both grey and white cement in India. It is particularly well-known for its white cement products, which are widely used in decorative and architectural applications. The company has also expanded into international markets, strengthening its global presence.

Specialties:

Leader in white cement segment
Strong brand recognition
Growing international footprint

9. Birla Corporation

Birla Corporation, part of the MP Birla Group, offers reliable and cost-effective cement solutions. It has a strong presence in central and eastern India. The company continues to focus on capacity expansion and improving operational efficiency to meet rising demand.

Strengths:

Affordable and reliable products
Strong regional presence
Continuous expansion efforts

10. HeidelbergCement India

HeidelbergCement India, a subsidiary of the global giant Heidelberg Materials, is known for its premium-quality cement and advanced technology. The company focuses on niche markets and high-performance products, catering to specialized construction needs.

Key points:

Backed by global expertise
Focus on premium products
Strong emphasis on quality and innovation

Conclusion

India’s cement industry is becoming increasingly competitive, with companies focusing on capacity expansion, sustainability, and technological innovation to stay ahead. As infrastructure and real estate projects continue to grow, these top cement companies will remain central to India’s development story.

The future of the industry lies in green cement, digital manufacturing, and efficient supply chains, making it an exciting space to watch in the coming years.