Cement News tagged under: Shriram EPC

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India: My Home Industries set for 10Mta capcity

01 September 2016, Published under Cement News

With its 1.5Mta Tuticorin plant, Tamil Nadu, expected to be commissioned in January 2017, My Home Industries is set to see its production capacity increase to 10Mta. Speaking of its ambitions in the sector, J Rameswar Rao, chairman of My Home Industries, said, “We want to go in for acquisitions in north, central and western India to further increase the capacities.” My Home Industries became a major player in the sector following its acquisition of Shriram EPC’s 3.2Mta plant in Kurnool...

Shriram aims to raise Jayajothi Cements’ utilisation

10 July 2012, Published under Cement News

Indian engineering company Shriram EPC, which earlier this year acquired a majority stake in Sree Jayajothi Cements, plans to raise the cement plant’s capacity utilisation to 100 per cent.  In March this year, Shriram EPC was forced to buy the 70 per cent stake in its debtor Sree Jayajothi Cements which couldn't pay back its dues. Shriram's debt was converted to equity. Jayajothi Cements currently has a 3.2Mta integrated works situated in Kurnool district in Andhra Pradesh, southeast Indi...

Shriram to consolidate presence in Indian cement sector

24 May 2012, Published under Cement News

Shriram EPC, a publicly held company of Shriram Group, recently entered the cement sector by acquiring majority stake in Sree Jayajothi Cements and, according senior officials, a blueprint is being prepared to see how they can grow in this sector, The Business Standard of India reports that as a first step, Shriram EPC which controls Sree Jayajothi Cements, is raising INR400 crore through the private equity (PE) route for deployment in the cement firm. Senior officials of Shriram Group co...

Shriram EPC to buy 68% stake in Jayajothi Cement, India

07 March 2012, Published under Cement News

Shriram EPC confirmed it would buy a 68 per cent stake in Sree Jayajothi Cements Ltd, along with its group companies, reports the Business Standard of India. The acquisition will be carried out by Shriram EPC and a special purpose vehicle floated by other Shriram Group companies. Last month the paper reported that the Shriram Group was planning to acquire a stake in the Andhra Pradesh-based cement producer by converting its dues into equity. Speaking to Business Standard, Shriram EPC m...

Shriram EPC to enter cement business through acquisition

21 February 2012, Published under Cement News

Shriram EPC, part of the financial services major Shriram Group, is expected to enter the Indian cement sector by picking up a majority stake in Sree Jayajothi Cement, according to local press reports. Should the move be approved, Cimpor is thought to be in line as the group seeks a strategic European investor. Shriram EPC's board is said to have approved acquiring a significant equity share capital of the cement producer by partially converting the dues owned by Sree Jayajothi into equit...