Cement News tagged under: Anjani Portland Cement
Anjani Portland Cement plans to expand capacity23 March 2018, Published under Cement NewsIndia’s Anjani Portland Cement has approved plans to construct an additional clinker production unit at its plant in Suryapet, Telangana. The project will see an investment of INR4bn (US$61.49bn) to expand the facility’s capacity from 1.16Mta to 2.31Mta, according to India Infoline. The expansion is expected to be completed by December 2019, and will be funded through either internal accruals, inter-corporate deposits or bank loans. |
Anjani Portland Cement sees 2QFY17 profit halve10 November 2017, Published under Cement NewsIndian cement producer Anjani Portland Cement reported a 53.5 per cent YoY fall in profit to INR66.9m (US$1.03m) for the quarter ended 30 September 2017 (2QFY17). In the 2QFY16 profit reached INR143.9m. Revenues from operations during the quarter rose 0.8 per cent YoY from INR903.2m in the year-ago period to INR910.4m. |
India: Anjani Portland Cement commissions power plant12 January 2017, Published under Cement NewsAccording to reports in the Hindu, Anjani Portland Cement has commissioned a 16MW captive coal-fired power plant at its cement unit in Telangana. |
Chettinad increases holding in Anjani Portland Cement, India29 July 2014, Published under Cement NewsChettinad Cement Corp has increased its holding in Anjani Portland Cement to 66.08 per cent by acquiring a 17.08 per cent share through an open offer. In March, the company had entered into a share purchase agreement to acquire a 61.74 stake in Anjani Portland. Chettinad Cement has said that its agreement with promoters of Anjani Portland has a built-in flexibility to ensure that its holding is limited at 75 per cent, the maximum allowed for a firm to remain listed. The move helps Chet... |
Chettinad purchases shares in Anjani Portland21 May 2014, Published under Cement NewsChettinad Cement Corporation Ltd has purchased approximately 20.58% of shares of Anjani Portland Cement Ltd from shareholders. Chettinad Cement has reportedly acquired 3784.014 shares through off market purchase for a price of INR61.75/share (US$1.05). Chettinad Cement, based in Chennai, India, announced its plans to acquire Anjani Portland Cement, based in Andhra Pradesh (AP), in March 2014. The purchase forms part of the company’s strategy to increase its presence in the AP market, situ... |
Chettinad Cement in acquisition talks - report10 March 2014, Published under Cement NewsChettinad Cement is to acquire Anjani Portland Cement, according to local press reports. Citing sources familiar with the situation, Business Line India reported that the deal is expected to be formalised soon. The acquisition would give Chettinad Cement a company a significant presence in the Andhra Pradesh market. Anjani Cements has over 1.2Mta capacity in its two plants in Nalgonda district of Andhra Pradesh. It also has plans to establish a greenfield unit in Karnataka. |