Cement News tagged under: India
Adani Group commits to investment in Bihar15 December 2023, Published under Cement NewsThe Adani Group has announced plans to invest an additional INR87,000m (US$1046m) in the Indian state of Bihar. The money will be spent across a number of sectors, including its cement business. So far Adani has invested around INR8500m in the Bihar region but plans to create an additional 10,000 jobs in the state through its spending plans, according to The Telegraph. “Bihar is now an attractive investment destination in the country. We are currently present in logistics, gas distribu... |
UltraTech targets 85% green power by 203014 December 2023, Published under Cement NewsUltraTech Cement aims to increase the share of green energy in its total energy mix from the current 22 to 60 per cent by FY25-26 and 85 per cent by 2030. According to its Managing Director, KC Jhanwar, the company has been consistently scaling up the green energy mix in its total power requirement over recent years with the aim of meeting its entire electricity requirement from renewable sources by 2050. To help meet this target, UltraTech has invested in a number of new initiatives ... |
Ramco Cements enhances Kolimigundla clinker capacity13 December 2023, Published under Cement NewsThe Ramco Cements Ltd (RCL) has increased clinker capacity at its Kolimigundla works in Andhra Pradesh, India, by debottlenecking its pyroprocessing system. The debottlenecking process has increased clinker capacity at cement plant by 0.65Mta to 3.15Mta, a company executive told local press. The Kolimigundla plant is now operating at full capacity. The official added that the expansion of the Odisha grinding unit from 0.9Mta to 1.8Mta is expected to be commissioned in January 202... |
SaltX Technology and Dalmia Cement (Bharat) Ltd begin EAC pre-study11 December 2023, Published under Cement NewsSaltX Technology and Dalmia Cement (Bharat) Ltd have started initial work on a pilot plant for electric cement production in India. With the collaboration having been initiated in June 2023, the partnership aims to complete a joint pilot plant for electrically produced cement by 2024, incorporating SaltX's Electric Arc Calciner (EAC) technology at one of Dalmia's existing plants. SaltX's visit to India last week marks the beginning of the project and forms the basis for the pre-study wo... |
Sanghi Industries announces changes at the top11 December 2023, Published under Cement NewsIndia-based Sanghi Industries Ltd has announced a number of resignations from its board of directors. Ravi Sanghi tendered his resignation as chairman and managing director, with effect from 7 December 2023. Also resigning from the company are executive directors, Aditya Sanghi, Alok Sanghi, Bina Mahesh Engineer, Nirubha Balubha Gohil, along with the following independent directors: Sundaram Balasubramanian, Raina Dilip Desai, Arvind Motilal Agarwal and Gurudeo Yadwadkar. With effect from t... |
Adani Cement acquires Sanghi Industries in west coast expansion06 December 2023, Published under Cement NewsAdani Cement Ltd has secured a 54.51 per cent stake in Sanghi Industries and will look to harness operational synergies from this acquisition, according to the company. The primary objectives for the acquisition include boosting efficiency, minimising costs, and fostering a sustainable approach to cement production. Sanghi Industries’ expansive Sanghipuram integrated manufacturing plant spans 2700ha, making it India's largest single-location cement and clinker production facility. The... |
UltraTech Cement to acquire Kesoram Industries Ltd's demerged cement business01 December 2023, Published under Cement NewsKesoram Industries Ltd has decided to demerge its cement business and has approached UltraTech Cement Ltd in relation to the same. The Board of Directors of UltraTech, after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, at its meeting held on 30 November 2023, considered Kesoram’s proposal and have approved a Composite Scheme of Arrangement to demerge Kesoram's cement business into Ultra Tech Cement. |
Burnpur Cement Ltd acquisition increases UltraTech Cement's capacity30 November 2023, Published under Cement NewsUltraTech Cement has acquired a 0.54Mta cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, India, at a consideration of INR169,790m. This investment marks the company’s entry in the state of Jharkhand. With this acquisition, UltraTech Cement's capacity in India now stands at 133Mta. |
UltraTech Cement eyes up Kesoram Industries27 November 2023, Published under Cement NewsUltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10Mta across Karnataka and Telangana . Current shareholders in Kesoram Industries are the existi... |
Suitors line up for Vadraj Cement22 November 2023, Published under Cement NewsJSW Cement , the Adani Group , and the ArcelorMittal Group are among the entities expressing an interest in acquiring India’s Vadraj Cement , according to Construction World. Vadraj Cement, which is owned by the ABG Shipyard group, is being sold under the Insolvency and Bankruptcy Code (IBC) process. After the cement company was sued by trade creditor Beumer Technology India in August 2018 to recover unpaid debts, the Bombay High Court ordered the company to be wound up. Following lon... |