Cement News tagged under: India

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JK Lakshmi to ramp up capacity to 30Mta by 2030

14 June 2023, Published under Cement News

JK Lakshmi Cement has announced plans to invest INR80,000m (US$972m) over a six-year period to increase its cement production capacity to 30Mta. According to Business Line, the investment will be made between 2024 and 2030 to raise capacity primarily through expansions and acquisitions. The company has already begun to acquire land for greenfield opportunities at Nagaur (Rajasthan) in north India and Kutch (Gujarat) in west India. It  is also currently expanding capacity at its subsidi...

Adani Group in talks to refinance loan

14 June 2023, Published under Cement News

India's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg News. The group is reportedly deciding whether to convert the original loan into debt with a longer maturity period. Although the deal is yet to be finalised, Bloomberg News says the group is expected to conclude the process within four months with most of its existing lenders, including Barclays Plc, Deutsche Ba...

JSW Cement secures SLL funding for capacity expansion

12 June 2023, Published under Cement News

JSW Cement has signed a Sustainability Linked Loan (SLL) agreement with BNP Paribas Singapore for INR4140m (US$50m). According to BusinessLine, the cement producer has raised a total of INR8000m in SLL-based funding in two tranches, the first being through MUFG Bank in October last year. The funding is being used to expand capacity in line with JSW's plans to boost production capacity to 50Mta in India.  Parth Jindal, managing director of JSW Cement, said that the company has grown prod...

JK Cement agreement to purchase Toshali Cements

08 June 2023, Published under Cement News

JK Cement has seen its shares rise after agreeing in principle a share purchase agreement for Toshali Cements for INR1570m (US$19m). The Board of Directors in its meeting has accorded in-principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements Pvt Ltd (Toshali) for the acquisition of 100 per cnet equity shareholding from all the existing shareholders of Toshali," the company said in an exchange filing. Toshali Cement at present h...

JK Lakshmi Cement wins Superbrand accolade

08 June 2023, Published under Cement News

India-based JK Lakshmi Cement has been awarded Superbrand status for 2023-24, making it the only brand in the grey cement category to receive this accolade. According to Devdiscourse, the selection process for the award involved a survey of more than 23,000 individuals across India to identify brands that excel in various parameters of building their brand name. JK Lakshmi Cement emerged as a clear winner with an average score of 6.6 putting it in the top 10 per cent of all scores across a...

Andhra Cements restarts clinker line at Durga

06 June 2023, Published under Cement News

India-based Andhra Cements Ltd, part of Sagar Cements, has relaunched the clinker line at its 1Mta integrated Durga Cement Works in Dachepalli Mandal, Palnadu District, Andhra Pradesh. According to press reports, Sagar Cements plans to invest over US$50m at the plant to boost its cement and clinker production capacity to 3Mta and 2.3Mta, respectively.

What will prompt faster decarbonisation?

02 June 2023, Published under Cement News

This week the Alliance for Low-Carbon Cement and Concrete (ALCCC) published its latest report on 'fast-tracking cement decarbonisation'. The document looks at underperforming and reaching performance-based standards for decarbonisation. The issue with today's cement industry standards is that they are not designed for a quick entry of low-carbon cement. "Safe and low-carbon solutions already exist but need market access through environmentally ambitious standards and policies," says ALCCC...

IKN cooler start-up at Hirmi cement plant

02 June 2023, Published under Cement News

After 24 hours of performance testing, another IKN cooler received its performance test certificate. The cooler, installed at Line 2 in UltraTech Cement 's Hirmi Cement plant, India, has not only achieved but exceeded all guaranteed parameters, says IKN.   In addition, the cooler which was designed for 8000tpd, proved to operate at the owners satisfaction at a capacity of 10,000tpd, even with hot air recirculation.

India: looking for the next leap

30 May 2023, Published under Cement News

India’s cement sector continued on the right track in 2022 as growth has begun to reset to a more realistic level. The government’s infrastructure push and a continued focus on affordable housing ahead of next year’s general election are proving key demand drivers and will likely to lead to further, more sustainable gains in consumption going forward. Increased industry confidence, a high, sustainable growth trajectory and moderating fuel costs bode well for cement producers in Ind...

Nuvoco Vistas opens new RMC plant in Vizag

30 May 2023, Published under Cement News

Nuvoco Vistas Corp Ltd has launched a new ready-mixed concrete (RMC) plant in Vizag, Andhra Pradesh, India. With a production capacity of 60m 3 /h, the plant will serve construction projects in the area. According to the company, Vizag is a rapidly developing city with a number of key infrastructure projects, including the Greenfield Airport at Bhogapuram. Commenting on the new plant, Mr Prashant Jha, chief of Ready-Mix (RMX) Concrete and Modern Building Materials business at Nuvoco, sa...