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ACC, Ambuja among cement companies facing massive fines from Competition Commission

The Competition Commission of India (CCI) has imposed fine of Rs 6,320.6 cr upon ten cement manufacturers for forming independent organization to limit competition by controlling the production and distribution of cement, said the Ministry of corporate affairs.The list of companies included ACC Cements, Ambuja Cements, Binani Cements, Century Cements,

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Anil Ambani’s Reliance Infrastructure sells Cement business to Birla Corp

Birla Corporation Limited said it agreed to buy the entire cement business of Reliance Infrastructure Ltd for a valuation of Rs 4800 crores including debt.The debt portion of the valuation will not go to Reliance Infrastructure. The equity value of Reliance Cement was not disclosed.The two companies have agreed

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