Cement News tagged under: Cement Corp of India

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Government looks to dispose of Adilabad cement plant

18 May 2022, Published under Cement News

It may soon be the end for the Cement Corporation of India ’s Adilabad plant as the government has taken initial steps for its disposal. Online electronic bids are being invited for the appointment of valuers for the valuation of assets required for the disposal of the plant, machinery along with plant’s structure, store and scrap and dismantling at its cement factories in Akaltara and Mandhar (both in Chhattisgarh), Kurkunta (Karnataka), Nayagaon (Madhya Pradesh) and Adilabad in Telanga...

Bids for Cement Corp of India units invited

13 August 2013, Published under Cement News

SBI Capital Markets has invited global bids to sell state-run Cement Corp of India Ltd's four non-operating units through an e-auction process.     The company has put its 400,000tpa works in Akaltara (state of Chhattisgarh), and 198,000tpa plant at Kurkunta, (Karnataka), up for sale at a reserve price of INR1.83bn and INR2.6bn, respectively.     Its 380,000tpa Mandhar unit in Chhattisgarh and 400,000tpa Nayagaon unit in Madhya Pradesh have also been put up for sale, according to an a...

Six state-owned plants to be sold, India

30 July 2012, Published under Cement News

The government of India has revived plans to sell six out of 10 cement plants operated by state-owned Cement Corp of India. Two of the cement plants are located in the state of Chhattisgarh and one each in Madhya Pradesh, Karnataka, Harayana and Delhi. The Board for Industrial and Financial Reconstruction (BIFR), which looks into ailing public sector units, has reconstituted an asset sale committee to arrive at a valuation for the six plants, which have not been functional for almost a dec...