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22 December 2023
Adani Group obtains US$200m loan from Qatar National Bank 22 December 2023
India: Adani Group took a US$200m loan from Qatar National Bank earlier in December 2023. The Telegraph India newspaper has reported that the conglomerate will put the funds towards refinancing its pre-existing US$3.5bn loan for its acquisition of Holcim India.
Adani Group aims to control 140Mt/yr of cement production capacity by 2027.
Published in
Global Cement News
UltraTech Cement to acquire 26% stake in Clean Max Terra 22 December 2023
India: UltraTech Cement has signed a deal to acquire a 26% stake in renewables company Clean Max Terra. The Free Press Journal has reported that the cement producer expects Clean Max Terra help it to meet its renewable energy needs, optimise its energy costs and comply with regulatory requirements for captive power consumption.
Published in
Global Cement News