Cement News tagged under: India
Adani Group ponders new cement plant in Godda22 January 2024, Published under Cement NewsAdani Group is considering to build a cement plant in Santhal Pargana, having set up a 1600MW thermal power plant in Godda that will come on-stream mid-2024. A company spokesperson said: “In keeping with our groups expansion plans, we are considering a feasilbility study to set up a cement plant, most probably in Godda.” The proposed plant will use fly ash from the company’s existing power plant. Currently, an ACC plant, acquired lat year by the group, is receiving the fly ash as a ... |
Ambuja Cements to invest INR14bn in 6Mta Telangana plant18 January 2024, Published under Cement NewsAmbuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing. Ambuja Cements is part of the Adani Cement Industries and operates 36.5Mta of cement capacity installed in 16 cement plants across India. |
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |
JSW Cement prepares for IPO11 January 2024, Published under Cement NewsJSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu businessline. With the intense competition and consolidation in the industry, JSW Cement plans to utili... |
UltraTech enables green mobility for clinker with electric trucks09 January 2024, Published under Cement NewsGiving a significant boost to ‘green mobility’, UltraTech Cement Ltd , India’s largest cement and ready-mix concrete company, has introduced five electric trucks for transport of clinker from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement factory, located in Maharashtra. To ensure reliable transportation, UltraTech has also set up three charging stations, one at each of the units and one en-route. The transpor... |
Shree Cement launches Bangur as master brand09 January 2024, Published under Cement NewsIndia’s Shree Cement has announced a revamp of its corporate brand identity and the launch of multiple brand offerings with Bangur as the master brand. According to Neeraj Akhoury, MD of Shree Cement, the launch of Bangur as the master brand “is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position Bangur as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeov... |
Aditya Birla appoints Chief Human Resource Officer (Designate)09 January 2024, Published under Cement NewsIn line with the Aditya Birla Group ’s Employee Value Proposition of ‘A World of Opportunities’ and talent philosophy of developing talent from within, the Board of Directors at its recent meeting, based on the recommendation of the Nomination, Remuneration and Compensation Committee, considered and approved the appointment of Chandrashekhar Chavan, as Chief Human Resource Officer (Designate), Senior Management Personnel of the company with effect from 16 February 2024. He will take on the ... |
ACC acquires Asian Concretes and Cements08 January 2024, Published under Cement NewsACC Ltd , a subsidiary of Ambuja Cements Ltd , has announced that it is acquiring a 55 per cent stake in Asian Concretes and Cements Pvt Ltd (ACCPL) for an enterprise value of INR7750m (US$93.3m). ACC currently holds a 45 per cent stake in ACCPL so this latest deal gives ACC entire ownership of ACCPL, increasing ACC’s cement production capacity to 38.55Mta. ACCPL runs 1.3Mta of cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL) has... |
SID completes alternative fuel project for Prism Cement04 January 2024, Published under Cement NewsPrism Cement has announced the completion and hand over of another milestone project for the company in India. The joint efforts of SID SA of Switzerland and India have successfully completed the alternative fuel project at the cement plant. This project will reduce carbon consumption in cement production while using processed alternative fuel. Prism Cement operates a 5.6Mta plant in Satna , India. |
Maha Cement launches two new products04 January 2024, Published under Cement NewsMaha Cement , part of My Home Industries Private Ltd (MHIPL), has launched two new cements in Bangalore, India - MAHA HD+ (OPC 53) and MAHA HD+ (PPC). According to the company, MAHA HD+ (OPC 53) is a revolutionary, early-setting cement with high strength, which complies with IS 269-2015. It is produced by blending high-quality clinker, tri-calcium silicates and gypsum, offering the highest fineness and consistency. Maha Cement says it is suitable for creating high-strength concrete stru... |