Cement News

L&T Finance, BEML, Apollo Tyres, Shree Cement, Greenlam, Delhivery


L&T Finance (ET Report)

Apollo eyes L&T Fin Realty Loan Book with $1b deal

Apollo Global Management eyes L&T Finance realty loan book

To acquire real estate loans worth ₹8,000-9,000 crore

Transaction is expected to get finalised in a few weeks

BEML

Demerger of core and non-core assets approved

Govt approved demerger of the core and non-core assets of BEML

Alert: Govt planning to sell a 26% stake in BEML

Apollo Tyres (Analyst Day Key Takeaways)

FY26 Revenue goal is $5 billion Vs $2.8 billion in FY22 with EBITDA margin of >15% Vs 12.3% in FY22

ROCE of 12-15% and Net Debt/EBITDA <2

Shree Cement

Approved setting up cement plant

Approved setting up of an Integrated Cement Plant in District of Andhra Pradesh having Clinker Capacity of 1.5 MTPA and Cement Capacity of 3.0 MTPA

Investment Required- Rs 2500cr

Inox Wind

Subsidiary files for IPO

Material subsidiary – Inox Green files for Rs 740cr India IPO

Inox Green seeks Rs 370cr via new shares in IPO and Rs 370 cr via OFS

Alkem Laboratories

USFDA had conducted an inspection of the Company’s manufacturing facility located at St. Louis, USA from 6-17 June, 2022.

Co has received three observations

Engineers India

Awarded three projects worth Rs 80 cr

Awarded three projects across sectors like specialized chemicals, sunrise and infrastructure

Estimated order value ~ Rs. 80 Cr

Greenlam

Board to consider fund raise today

Board meet today to consider fund raise from non-promoters

Delhivery & Venus Pipes

Lock in period ends today

Dilip Buildcon

Receives completion certificate for both projects in Karnataka. Total cost- Rs 517.8cr

Company through RBL-DBL JV has declared as L-l bidder for the tender for ‘Surat Metro Rail Project’ .

Project cost Rs 1061 crore.



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