Cement News tagged under: Emami Group

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Blackstone enters race for Emami Cement

16 October 2019, Published under Cement News

Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also considering a bid for Emami Cement Ltd and may seek a partner for the project. Emami Group has picked Arpwood Capital Ltd and Credit Suisse Group AG to supervise the sale of the cement unit, seeking a valuation of about US$1bn. The company operates three cement manufacturing plants in India and is setting up another one...

Dalmia Cement reportedly considers acquiring Emami Cement assets

12 September 2019, Published under Cement News

India’s Dalmia Cement (Bharat) has reportedly submitted an expression of interest in acquiring the cement assets of Emami Group, which have been valued at INR60bn (US$841.9m), according to The Economic Times. "Dalmia Bharat is currently studying the financials provided by the bankers of Emami Cement. The strategy will be decided once we conclude our assessment and firm up our intent to proceed. Moreover, we have a healthy leverage but would always keep all options open," said the company i...

Emami Group to demerge solar assets from cement company

20 December 2018, Published under Cement News

India’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under Emami Power, which will allow Emami Cement to focus solely on its core business. "Proposed demerger is being undertaken with a view to consolidate the power production business in Emami Power while allowing our company to focus on its cement manufacturing operations," stated Emami Cement in July, before approval was r...

India: Emami Cement hopes to add 15-20Mta in 3-5 years

25 October 2016, Published under Cement News

India-based Emami Cement has plans to construct new plants that will add 15-20Mta of capacity to its portfolio over the next 3-5 years, as reported by The Times of India. Director of Emami Cement, Aditya Agarwal, said, “We aim to be among the top three players in the cement industry. We expect our cement division's turnover to touch [INR25bn] in 2018-19.” The company, which began operations at its 5.5Mta Chhattisgarh plant in July this year, expects to register revenues of around INR5bn (...

India: Emami plans national presence

27 July 2016, Published under Cement News

Emami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan and Karnataka, India. Company Director Aditya Vardhan Agarwal said operations have already begun at its clinker plant at Chhattisgarh. "The plant produces clinker of 4Mta. 5Mta of cement could be produced with this 4Mta of clinker," he said, adding that the clinker will be transported to new plants in Panagarh, West...

India: Emami Group to build Panagarh grinding plant

28 March 2016, Published under Cement News

Chief minister Mamata Banerjee, on Saturday, in Panagarh, laid the foundation stone for Emami Group's new  INR5000m (US$74.8m) grinding plant project that will be located in Panagarh. The Emami Group explianed that the new unit is likely to be commissioned by year-end. "The 2Mta capacity unit is to be located at WBIDC Panagarh Industrial Park in Burdwan district of West Bengal at an investment of INR5000m," a statement by Emami Cement said. "The project will be developed over a area of ...