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The agency expects that the credit risk profiles of manufacturers will remain stable.
GQG Partners has increased its stake in Ambuja Cement by 1.8%, investing ?27.50 billion in the latest acquisition.
An Adani Group entity has divested a 2.76% stake in Ambuja Cement, raising ?4,251 crore through the transaction.
The cement sector plans to invest ?1.25 trillion in capital expenditures by FY27, according to CRISIL, reflecting strong growth prospects and increased demand.
Star Cement eyes 12 MTPA by FY27.
India net steel importer amid Chinese surge.
Indian cement manufacturers plan a ?1.25 Tn investment for expansion from FY25 to FY27.
JSW Cement plans to double its capacity by acquiring assets through the IBC route.
UltraTech targets 200+ MTPA production capacity by FY27.
Supreme Court approves retroactive tax payments for steel and cement companies.
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