Cement News tagged under: Bhavya Cements

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Anjani Portland to acquire controlling stake in Bhavya Cements

27 May 2021, Published under Cement News

India’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/share). The objective of the deal is to improve the market presence of the company through the addition of a new brand, according to Anjani Portland. Bhavya currently operates around 1.4Mta of cement capacity and has annual revenues in the region of INR3bn.

India: CCI closes case against 11 cement companies

24 November 2014, Published under Cement News

The Competition Commission of India (CCI) has closed a case of alleged cartelisation among cement companies for lack of evidence. An anonymous reference had alleged that the cement producers had increased prices by INR75/bag (US$1.21) within the period of a month, according to HN Mint news service. The companies were named as Penna Cements, India Cements, Ramco Cements, Bharathi Cements, Dalmia (Bharat) Cements, Bhavya Cements, Zuari Cements, Ultratech Cements, Jaypee Cements, KCP Cements...

State Window authority clears Bhavya Cements grinding plant proposal

11 September 2014, Published under Cement News

The State Level Single Window Clearance Authority (SLSWCA) has approved the proposal by Hyderabad-based Bhavya Cements Ltd to set up a 3Mta cement grinding unit in in Dhenkanal district, Odisha state. "Of the 5-6 proposals that came up for the consideration of SLSWCA, we have approved the project of Bhavya Cements Ltd. The land requirement for the project will be assessed," the SLSWCA said.

Independents struggle under southern excess capacity, India

09 August 2012, Published under Cement News

Two years of flat growth in south India has pushed independent cement firms to seek buyers, according to a report in the Times of India.  After news of Sree Jayajothi Cements looking for buyers, the paper has learnt that the promoter of Bhavya Cements is also scouting for suitors. South India is reeling under excess capacity and cement manufacturers are operating their plants at only 70-75 per cent of the rated capacity. With growth in lower single digits, the promoter of Bhavya Cements, ...