Try GOLD - Free
UltraTech Cement to Spend $206 Mn on Cables, Wires Biz
Mint Bangalore
|February 26, 2025
The company plans to deepen its foothold in the construction materials business
UltraTech Cement, India's top cement maker by capacity, will spend ₹1,800 crore ($206 million) to start up a wires and cables business, the company said on Tuesday, deepening its foothold in the construction materials business.
The business will be part of UltraTech's building products division, which currently includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools and electrical components such as switchboards.
This story is from the February 26, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Investors are betting on lawsuits as an asset class
200-300% over a four-to-five-year period, according to Mago. If the case is lost, investors bear the loss.
1 mins
May 13, 2026
Mint Bangalore
From cliffhangers to cash flows: VCs bet on India’s micro-drama boom
Indian micro-drama startups are attracting a new wave of venture capital as short-form episodic entertainment gains traction, powered by rapid user growth, improving monetization and rising investor interest in mobile-first video formats.
2 mins
May 13, 2026
Mint Bangalore
Tractors, mass-market bike sales flash rural stress signs
A weak monsoon forecast and the West Asia war have dampened the rural auto outlook
2 mins
May 13, 2026
Mint Bangalore
NCDEX eyes equity derivatives launch in next 12 months
The National Commodity & Derivatives Exchange (NCDEX) plans to launch equity derivatives in the next 12 months in a bid to diversify beyond its core agricultural commodities business, said an official familiar with the matter.
1 mins
May 13, 2026
Mint Bangalore
Lawsuits as asset class? Investors are betting on it
Investors are beginning to finance commercial lawsuits in India in exchange for a share of future settlements or court awards, as litigation funding—a niche alternative asset class long established in some global markets—starts to take shape locally.
1 mins
May 13, 2026
Mint Bangalore
India's labour market is undergoing a structural shift
The latest Periodic Labour Force Survey (PLFS), a much-improved version from earlier ones, reveals how India’s labour market is undergoing a structural transformation.
3 mins
May 13, 2026
Mint Bangalore
India’s 2047 clock is ticking: Let us acquire war shock resilience
Setback estimates highlight why we must expand strategic reserves, deepen fuel blending and double down on clean energy
4 mins
May 13, 2026
Mint Bangalore
EBay rejects GameStop's $56 billion bid
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.
1 mins
May 13, 2026
Mint Bangalore
Tokenize sovereign debt now that the e-rupee is ready
At the Global Fintech Fest in Mumbai last year, the governor of the Reserve Bank of India (RBI) announced the launch of a “next-generation financial market infrastructure,” designed to “tokenize financial assets and settlements.”
3 mins
May 13, 2026
Mint Bangalore
Truffles plans to raise capital, hires banker
The promoters of Bengaluru-based Truffles Hospitality Pvt Ltd, known for its continental cuisine, premium burgers and desserts, are exploring options to raise capital from private equity firms and have engaged Spark Capital to find buyers for the asset, three people said.
1 mins
May 13, 2026
Listen
Translate
Change font size