JK Cement Rise on Arm Acquires 60% Stake in Acro Paints

11 Jan 2023 CW Team

JK Cement increased 1.19% to 2.90685 million following the acquisition of a 60% stake by Acro Paints (APL), a wholly owned subsidiary of JK Paints & Coatings (JKPCL), at the first tranche of 1,530 million.

APL was formed on May 18, 1989, and began producing paints and chemicals for building, with a financial turnover of Rs 720.5 million in 2021鈥�2022.

JKPCL is a step-down subsidiary of the corporation and an affiliate of APL. Within a year, the transaction is anticipated to be finished.

The cement company will produce and market cement and products linked to cement. Despite a 17.6% increase in net sales to 22279.5 million in the July鈥揝eptember quarter of FY23 compared to the July鈥揝eptember quarter of FY22, the net profit decreased by 25.7% to 1123.8 million on a consolidated basis.

Infrastructure Transport

19 May 2025

Thane-Belapur Road Shut at Night for Repairs Until 21 May

Commuters on Thane-Belapur Road in Navi Mumbai should brace for temporary night-time disruptions, as the Navi Mumbai Municipal Corporation (NMMC) commences critical road strengthening works. The upgrade will involve the closure of a key stretch between Savita Chemical and Turbhe Railway Station each night from 14 to 21 May, between 9 PM and midnight.The NMMC has stressed that this work is essential to enhance the long-term durability and safety of one of the city鈥檚 busiest thoroughfares. The nightly closure will affect all vehicles, including two-wheelers, auto-rickshaws, and private cars.To..

Infrastructure Urban

19 May 2025

MCD Launches Digital Parking at 8 Locations Across Delhi

The Municipal Corporation of Delhi (MCD) has launched a digital parking system at eight prominent locations across the capital, introducing a tech-driven approach to urban mobility and parking management.The initiative is designed to streamline parking operations, encourage cashless payments, and ensure greater transparency in revenue collection. The pilot rollout has been implemented in busy areas such as Karol Bagh, Lajpat Nagar, Nehru Place (Outer and Inner Ring), Shastri Park, and Kashmere Gate ISBT.Under the new system, four-wheelers will be able to make payments via FASTag, while two-whe..

Infrastructure Transport

19 May 2025

Delhi Plans 21 New Foot Overbridges for Pedestrian Safety

The Public Works Department (PWD) of Delhi has received a proposal to construct 21 new foot overbridges (FOBs) across high-traffic locations in the city, following a review by Chief Minister Rekha Gupta and the Delhi Traffic Police. Ground surveys are now underway to prepare detailed project reports.The initiative aims to improve pedestrian safety and accessibility in key congested areas. Among the proposed sites are Shyama Prasad Mukherjee Marg near Old Delhi Railway Station鈥檚 exit, Shaheed Captain Batra Chowk, the LNJP Hospital in Central Delhi, Ajmeri Gate Chowk, Munja Chowk on Boulevard ..