Binani Cement Limited was admitted under Insolvency and Bankruptcy code 2016 as per the NCLAT order dated 14-11-2018, Binani Cement Limited became Wholly Own Subsidiary of Ultratech Cement Limited. The site is under construction.
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Binani cement to raise $125 m

Binani cement said it will raise up to $125 million through issue of securities in domestic and international markets. The firm would issue global depository receipts, American depository receipts and convertible bonds, among others, it said in a filing to BSE. The company will also borrow up to Rs 2,000 crore for corporate purposes.