JSW Cement secures funds for expansion plans
JSW Cement has secured a INR4000m (US$48.9m) sustainability-linked loan from MUFG Bank India to finance the company’s cement capacity expansion plans, according to The Economic ...
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Birla plans US$1bn investment in new capacity
Birla Corp is planning to invest around US$1bn to increase cement production capacity from 20Mta to 30Mta over the next eight years. According to Harsh V Lodha, chairman of Birl...
Ramco Cements commissions new 2.25Mta plant
India’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clinker ...
Cement demand getting back on track, says India Cements
Despite the ongoing ressures from rising fuel, power and logistics costs, growing construction activity is expected to put cement demand in India back on track, according to Mr ...
Adani Group announces US$100bn investment plan
The Adani Group plans to invest US$100bn over the next decade, according to its owner Gautam Adani. The group’s most recent investment was its US$6.5bn acquisition of Ambuja Cem...
Sagar Cements' Bayyavaram plant scoops energy awards
Sagar Cements ’ Bayyavaram grinding plant has been recognised as an Excellent Energy Efficient Unit by the Confederation of Indian Industry at this year’s Energy Management Exce...
Ambuja and UltraTech win legal battle against electricity price hikes
Ambuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-...
Sagar Cements welcomes new chairman
India's Sagar Cements Ltd (SCL) has appointed Kalidindi Venkata Vishnu Raju as chairman, effective from 24 September 2022. He succeeds K Thanu Pillai. Mr Vishnu Raju is also on ...
Shree Cement adds 7MW solar power plant to Panipat factory
Gensol Engineering has commissioned a 6.7MWp solar project for Shree Cement Ltd at its Panipat Cement plant, Haryana. The solar power plant is estimated to save approximately 91...
Udaipur to raise funds through NCDs
India’s Udaipur Cement Works Ltd has announced that it will raise INR3500m (US$43.2m) in a private placement of non-convertible debentures (NCDs). The proposed date of allotment...