Cement News tagged under: Chettinad Cement

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Chettinad Cement orders MVR 600 C-6 Gebr Pfeiffer VRM

20 January 2020, Published under Cement News

Chettinad Cement has awarded Gebr Pfeiffer the contract to supply a granulated blastfurnace slag and blastfurnace cement grinding plant, which will be set up near the steel works town of Visakapatnam, India. Gebr Pfeiffer SE will supply the core components of the MVR 6000 C-6 vertical roller mill (VRM) as well as the 6700kW gear unit from Europe. Foundation parts, housings and other components will be manufactured in India and delivered to the customer by Gebr Pfeiffer (India) Pvt Ltd, Pfei...

Chettinad to acquire stake in Anjani Portland

13 March 2014, Published under Cement News

Chettinad Cement Corp Ltd has entered into a share purchase agreement to acquire up to 61.74 per cent stake in Hyderabad-based Anjani Portland Cement Ltd for INR700m from the promoters of the company.  The deal has been struck at INR 61.75/share. It has also initiated an open offer as per SEBI takeover norms. 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...

Chettinad Cement in acquisition talks - report

10 March 2014, Published under Cement News

Chettinad 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.

Chettinad Cement gets shareholders’ nod for delisting

05 February 2013, Published under Cement News

Chettinad Cement announced that it has received shareholders' approval to delist the company’s shares from the stock exchanges. In a filing to the Bombay Stock Exchange (BSE) the company said the proposal to delist shares has been “approved by the requisite majority of votes.” Chettinad Cement is listed on the National Stock Exchange, Madras Stock Exchange and its share are permitted to trade on the BSE. Voting started on January 4 2013, and ended yesterday. The Chennai-based company h...

Chettinad Cement to invest in power project, India

12 September 2012, Published under Cement News

Indian cement producer Chettinad Cement is planning to invest around INR1300 crore by way of equity in  associate company Chettinad Power Corp, which is to use the funds to set up a thermal power plant in Tamil Nadu. Business Standard reports that in a statement to shareholders, the company said it had received a proposal from Chettinad Power Corporation Private Ltd seeking investment in its equity share capital for a 1329MW supercritical thermal power project (2 x 660MW) at Tharangambadi V...

Chettinad Cements plans Karikkali plant expansion, India

28 June 2012, Published under Cement News

India-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta. According to reports in the Times of India, Chettinad is also planning to increase capacity of its captive power plant from 48MW to 78MW. The company received the Terms of Reference (ToR) from the union environment ministry in March this year and a public hearing for the project was called by the Tamil Nadu Pollution Control Board (TNPCB) also in March. Chettin...

Chettinad Cement to enter Karnataka this year, India

07 February 2012, Published under Cement News

Chettinad Cement will commission a 2.5Mta cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh, Business Line of India reports. The Karnataka unit will mark Chettinad Cement's geographical expansion outside Tamil Nadu and will give it market reach into Maharashtra, where it plans to put up a grinding unit of about 1.5Mta, according to MAMR, Muthiah, Chettinad Group's Managing Director. The company has firm plans to expand its 11.50Mta pr...