Cement
Ambuja Cements, part of the Adani Group, has submitted a bid of Rs 580 crore for Jaypee Cement. The offer comes during the company's insolvency resolution process but falls short of its liquidation value.
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Adani Cement is shifting focus to optimizing its existing production facilities rather than pursuing aggressive expansion. The company plans to increase utilization of current capacities and may adjust capital expenditure. CEO signals potential deferral of ambitious FY28 targets to FY30.
March 17, 2026 04:40