Dalmia Bharat joins the Holcim India race
Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for t...
India
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UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-22
UltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31 March 2022. The company reported consolidated net sales of INR155,570m (US$2035m) in...
JSW Group joins the race for Holcim in India
The race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and l...
Ramco Cements Ltd completes WHRS at Jayanthipuram plant
The Ramco Cements Ltd has invested in the waste heat recovery system (WHRS) for power generation in all the three lines of its Jayanthipuram cement plant. The last leg of the pr...
Aditya Birla Group will consider buying Holcim's Indian assets
Kumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Eco...
JSW Group in discussions to raise funds to bid for Holcim's Indian operations
Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people a...
Cement prices in India face further rise
Following the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13 per cent. In the last six...
Tamil Nadu Cement orders 10MW solar power plant
Tamil Nadu Cement Corp Ltd will be setting up a 10MW solar power plant at an outlay of INR650m (US$8.52m) for captive use, said Minister for Industries, Thangam Thennarasu. As p...
Kanodia Cement completes Amethi grinding plant expansion
Kanodia Cement has set up a new cement grinding unit at its Amethi plant, India. The grinding expansion is already completed and production began in April 2022. All four of the ...
Holcim reported to be looking for potential buyers of ACC Ltd
Bloomberg has reported on Holcim proposing to dispose of Ambuja Cements Ltd. Holcim owns ACC Ltd and Ambuja Cements in India. With approximately 64Mta of cement capacity it is s...