Binani Cement is amongst Indias reputed manufacturers of cement with a global manufacturing capacity of 1125 million tons per annum with an integrated plant in India and China and grinding units in Dubai The Companys product portfolio includes Ordinary Portland Cement OPC General purpose high strength cement which is widely used
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Apr 04 2018 India The deadline for bidding for Binani Cement has been extended until 15 January 2018 as the cement company takes potential buyers on a tour of its grinding plant in Dubai The Rajasthanbased cement producer is being sold following bankruptcy proceedings according to the Daily News Analysis newspaper The familyowned company with cement plants in Indian China and the
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Cement News tagged under binani cement UltraTech 31 January 2019 Published under Cement News UltraTech has posted a 19 per cent YoY increase in its net sales in 3QFY19 with consolidated sales coming in at INR92580m US129bn compared to INR77790m in 3QFY18
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Apr 16 2018 Binani Industries had reached an inprinciple understanding with UltraTech Cement last month that would allow the latter to buy Binani Industries 9843 stake in Binani Cement
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Previously it made a direct offer of US111bn to Binani Cement in the form of a socalled comfort letter that Binani Industries used to stop the insolvency process UltraTech Cement made this latest offer to the resolution professional handling the insolvency process of Binani Cement according to the Economic Times newspaper
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Group Overview Binani Industries Ltd is a fast growing multidimensional business conglomerate with sales manufacturing and RD operations spread in Asia Europe Middle East and North America Its diversified businesses deliver products and solutions in the areas of cement glass fibre and related composites energy and industrial infrastructure The Braj Binani Group has boldly embraced
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Business Binani Industries seeks shareholders support for UltraTech deal In the latest twist to the Binani Cement imbroglio the promoters Braj Binani group has asked for its shareholders support in its fight against the National Company Law Tribunal NCLT process and also oppose the resolution professional Vijay Iyers handling of the case
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Hiring process The hiring process aims at selecting candidates who fit into the Binani core values and philosophies Our recruitment process is standardized yet strategic and flexible The open positions and skill sets required for that role are floated to HR for approved requirements and are then posted on our website and on reputed job
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May 29 2018 MUMBAI UltraTech appears to have won the race for Binani Cement after lenders in a marathon sevenhour meeting on Monday decided to sell the bankrupt cement maker to the countrys biggest cement producer Aditya Birla heavyweight UltraTech has however stipulated a condition Its offer of Rs 7600 crore is conditional upon its proposal receiving approval from the courts and is
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UltraTech Cement and Dalmia Bharat are eyeing acquisition of debtridden Binani Cement Photo Bloomberg Supreme Court directs Binani Cement lenders to proceed with debt resolution process 2
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Apr 24 2018 The Kolkata Bench of National Company Law Tribunal NCLT on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement The Division Bench completed hearing al
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Binani Industries the promoters of Binani Cement has put a question mark on the insolvency process of the cement company by valuing it at Rs 173 billion including mining rights of Rs 117 billion against the bids of around Rs 63 billion received from Dalmia Bharat and Ultratech Cement
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The resolution process of debtridden Binani Cement seems to be going nowhere Binani Industries the promoters of Binani Cement which had moved the Supreme Court seeking approval for an outofcourt settlement with the lenders withdrew its petition after a 20minute argument on Friday The matter will now go back to the Kolkata bench of the
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MUMBAI In a major relief for UltraTech Cement Rajasthan High Court has struck down the tax demand raised by the Goods Services Tax department against the company for the unpaid dues of Binani Cements terming it illegal and arbitrary The Binani Cements was acquired by the Aditya Birla Groupowned cement company through Corporate Insolvency Resolution Process CIRP in 2018 for Rs
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Binani Cement is amongst Indias reputed manufacturers of cement with a global manufacturing capacity of 1125 million tons per annum with an integrated plant in India and China and grinding units in Dubai The Companys product portfolio includes Ordinary Portland Cement OPC General purpose high strength cement which is widely used
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Apr 20 2018 UltraTech questions resolution process of Binani Cement Senior advocate Mukul Rohatgi questioned the process followed by the Committee of Creditors CoC of Binani Cement led by Bank of Baroda in selecting rival Dalmia Bharat Group as
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The Binani Operational Creditors Forum BOCF has also welcomed decision However it still wants a forensic audit on the whole process by which the Dalmia plan got the RPs approval said Rajesh Tibrewal a BOCF spokesperson Binani Cement owes about Rs 4000 crore to lenders
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Jan 25 2019 Previously it made a direct offer of US111bn to Binani Cement in the form of a socalled comfort letter that Binani Industries used to stop the insolvency process UltraTech Cement made this latest offer to the resolution professional handling the insolvency process of Binani Cement according to the Economic Times newspaper
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Cement Plant information for Binani Cement Factory can be found below For full access to the database purchase The Global Cement Report 13th Edition
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The tug of war between UltraTech Cement Ltd and Dalmia Bharat Ltd over the acquisition of Binani Cement Ltd has finally ended Effective 20 November Binani Cement is a whollyowned subsidiary of
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The resolution process of debtridden Binani Cement seems to be going nowhere Binani Industries the promoters of Binani Cement which had moved the Supreme Court seeking approval for an outofcourt settlement with the lenders withdrew its petition after a 20minute argument on Friday The matter will now go back to the Kolkata bench of the
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Binani Cement Limited was admitted under Insolvency and Bankruptcy code 2016 as per the NCLAT order dated 14112018 Binani Cement Limited became Wholly Own Subsidiary of Ultratech Cement Limited The site is under construction
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The project to expand the companys production base with a new plant in Mauritius had already been scrapped by October 2012 when Binani Cement could not secure enough land for a 65ha site for the factory By 2013 Binani Industries had been forced to sell a 40 per cent stake in Binani Cement to raise capital However Indias market slowdown
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Apr 19 2018 However later Binani Industries which holds 984 per cent share in Binani Cement approached UltraTech and following which the Aditya Birla
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