Cement News tagged under: Adani
Gautam Adani raises stake in Ambuja Cements18 April 2024, Published under Cement NewsGautam Adani and his family have made a further investment in Ambuja Cements . Injecting another INR83,390m (US$998.3m) into the business has increased their stake in the cement producer to 70.3 per cent. This follows a previous injection of funds on 28 March this year, raising their stake to 66.7 per cent. According to The Telegraph, this latest investment will help Ambuja accelerate its growth plans which aim to double its cement production capacity from 76.1Mta, as at the end of 202... |
Geoclean launches two new waste management plants20 March 2024, Published under Cement NewsACC and Ambuja Cements ’ ( Adani Group ) sustainable waste management company, Geoclean, has opened two new facilities. The Ambuja Marwar Pre-processing and Co-processing Facility will convert 220,000t of waste into alternative fuels, increasing the Marwar cement plant’s thermal substitution rate (TSR) to 15 per cent, according to the company. The new facility marks a collaboration between the cement producer and the Ambuja Marwar Farmer Producer Organisation (FPO), which will supply... |
Adani Group's fast-track expansion26 January 2024, Published under Cement NewsAdani Group has seen fast-track expansion since May 2022, when it was the successful bidder to acquire Holcim India, consisting of ACC Ltd and Ambuja Cements. Built on a diverse industry portfolio - renewables, energy and utilities, transport and logistics, and financial services - the group is expected to bring strong investment to the Indian cement sector. The group's cement capacity is currently more than 70Mta in India. The US$10.5bn acquisition of Holcim India was completed in Septemb... |
Suitors line up for Vadraj Cement22 November 2023, Published under Cement NewsJSW Cement , the Adani Group , and the ArcelorMittal Group are among the entities expressing an interest in acquiring India’s Vadraj Cement , according to Construction World. Vadraj Cement, which is owned by the ABG Shipyard group, is being sold under the Insolvency and Bankruptcy Code (IBC) process. After the cement company was sued by trade creditor Beumer Technology India in August 2018 to recover unpaid debts, the Bombay High Court ordered the company to be wound up. Following lon... |
ACC commences production at Ametha plant15 September 2023, Published under Cement NewsACC , part of the Adani Group , has begun clinker production at its new Ametha cement plant in Madhya Pradesh, India, reports Business Line. The integrated works has a 3.3Mta clinker capacity and 1Mta cement capacity. The greenfield project takes ACC’s overall cement production capacity to 37Mta. It also boasts a 16.3MW waste heat recovery system and has the potential to use up to 15 per cent alternative fuels and raw materials. According to Ajay Kapur, CEO of the cement busines... |
Ambuja Cements and ACC scoop sustainability awards26 June 2023, Published under Cement NewsAmbuja Cements and ACC , part of the Adani Group , have been recognised among ‘India's Top 50 Most Sustainable Companies’ by BW Businessworld. Ambuja Cements has also been named among ‘India’s Top 3 Most Sustainable Companies in the Infrastructure and Engineering Sector’ on the back of its “dedication to sustainability and outstanding success”, according to the company. Ajay Kapur, CEO, cement business, said, “We are immensely proud that both Ambuja and ACC have been recognised among... |
Freight dispute continues in northern India30 December 2022, Published under Cement NewsThe dispute over freight rates continues to run after two weeks, forcing the closure of two cement plants in Himachal Pradesh, as talks between truck operators and the management of the Darlaghat (Ambuja Cements) and Barmana (ACC Ltd) plants fail to yield any results. Adani group, which owns both plants, closed the plants on December 14. Adani management has been asking truck operators to lower freight rates to INR6/t/km, but the latter have refused. While the Bilaspur District Transpor... |
Dalmia Bharat joins the Holcim India race03 May 2022, Published under Cement NewsDalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta. UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro... |
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