UltraTech announces two new greenfield plants
UltraTech Cement is investing INR324,000m (US$3.89bn) in capex over the next three years, including two new greenfield plants, which will add an additional 5.4Mta in cement prod...
India
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Shree Cement inaugurates new 3Mta plant
Shree Cement has inaugurated its new 3Mta cement plant in Guntur, India. Commissioned six months ahead of schedule, the new facility marks an investment of over INR25,000m (US$3...
Pakistan hopes to resume cement and other trade with India
Two federal ministers of Pakistan, Foreign Minister, Ishaq Dar, and Minister for Maritime Affairs, Qaiser Ahmed Sheikh, have shown intention to resume trade with India, which ha...
UltraTech Cement raises capacity with debottlenecking programme
During the course of its capacity expansion programme, the UltraTech Cement ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements a...
Gautam Adani injects US$799m into Ambuja
Gautam Adani and his family have invested a further US$799m in Ambuja Cements Ltd , raising their stake in the cement producer to 66.7 per cent. According to Bloomberg News, the...
UltraTech to buy stake in clean energy plant
Indian cement producer UltraTech , part of the Aditya Birla Group , will by a 26 per cent stake in O2 Renewable Energy XXII for approximately INR160m to meet the energy requirem...
TARA and Promac boost LC3 commercial programme with MoU
Technology and Action for Rural Development (TARA) organised an LC 3 Celebration Day at its Head Office in New Delhi, India, on 19 March 2024. The event, supported by the Swiss ...
UltraTech Commissions Roorkee brownfield project
UltraTech Cement has commissioned 1Mta of brownfield cement capacity at Roorkee , Uttarakhand taking the Unit’s capacity to 2.1Mta. This forms part of the 22.6Mta capacity expan...
Indian fair trade regulator approves UltraTech’s acquisition of Kesoram cement business
The Completion Commission of India (CCI) has approved UltraTech Cement ’s proposed acquisition of Kesoram Cement Business , the cement arm of Indian conglomerate Kesoram Industr...
Indian cement demand growth to decline in 4QFY23-24
India is expected to see a fall in cement demand growth in the final quarter of the current fiscal year (January-March 2024), due to a slowdown in construction activity, adverse...