Cement News tagged under: Aditya Birla Group
UltraTech Cement expands capacity to 156Mta17 October 2024, Published under Cement NewsUltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity to 156.06Mta. This addition forms part of the company's broader 22.6Mta capacity expansion plan, originally announced in June 2022. With this development, UltraTech solidifies its position as the third-largest cement producer globally, excluding China, with a consolidated grey cement capacity of 154.86Mta. This e... |
Adani Group sets US$3bn aside for multiple cement acquisitions14 June 2024, Published under Cement NewsThe Adani Group is planning several potential acquisitions within the cement sector. These include Hyderabad-based Penna Cement , Jaiprakash Associates’ cement business, Gujarat’s Saurashtra Cement, and Vadraj Cement (owned by ABG Shipyard). The group has allocated US$3bn for these acquisitions, demonstrating its commitment to a bold inorganic growth strategy as it attempts to become the largest cement producer in India. Adani Cement is currently the second-largest producer in I... |
UltraTech Cement raises capacity with debottlenecking programme29 March 2024, Published under Cement NewsDuring the course of its capacity expansion programme, the UltraTech Cement ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements across various locations, including its wholly-owned subsidiary. Some of these upgrades have since been completed, resulting in additional production capacity of 2.4Mta. The increases in capacity were at the company's grinding units in Magdalla , Gujarat (+0.4Mta), Sonar Bangla , West Bengal (0.6Mta), Neem ka Th... |
KHD secures biggest UltraTech order to date12 September 2022, Published under Cement NewsKHD Humboldt India Pvt Ltd has won a major new order from UltraTech Cement ( Aditya Bila Group ). The package of contracts comprises two complete pyro-processing lines and eight grinding units. CemNet previously announced limited information on this new order in August 2022. KHD has now clarified that it signed contracts to supply 10 production processes, including two complete pyro lines at Kotputli in the northern state of Rajasthan, and at Maihar in Madhya Pradesh in central... |
Grasim Industries announces US$392m capex30 August 2022, Published under Cement NewsIndia’s Grasim Industries, part of the Aditya Birla Group , is planning capex of INR31,170m (US$391.9m) in its existing lines of business this fiscal year, primarily for the creation of new capacity and modernisation of existing plants. This compares to INR19,580m in the previous fiscal. According to Kumar Mangalam Birla, chairman of Grasim Industries, the investment does not include the group’s paints and B2B e-commerce businesses. In January 2021 Grasim announced plans to enter the pai... |
Grasim Industries to set up building materials e-commerce platform21 July 2022, Published under Cement NewsGrasim Industries, the flagship company of the Aditya Birla Group , is investing INR20,000m (US$250m) in a B2B e-commerce platform for building materials. The platform will primarily focus on micro-, small- and medium-sized enterprises in the building materials segment with the potential to extend into other relevant categories, reports the Financial Express. The key value proposition would be an integrated procurement solution, including on-time delivery and a superior product range at ‘... |
UltraTech Cement to invest INR128,860m for 22.6Mta capacity expansion07 June 2022, Published under Cement NewsThe Board of Directors at UltraTech Cement (Aditya Birla group) has approved capex of INR128,860m (US$1659m) to raise cement capacity by 22.6Mta with a mix of brownfield and greenfield projects. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country. Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This ambitious capacity expansion plan is a significant milestone in the ongoing... |
Aditya Birla Group will consider buying Holcim's Indian assets26 April 2022, Published under Cement NewsKumar 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 Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel... |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
UltraTech MD to step down in December10 September 2019, Published under Cement NewsKrishna Kishore Maheshwari will be appointed as UltraTech's first non-executive vice chairman as he retires from his managing director role on 31 December this year. Kailash Chandra Jhanwar, currently deputy managing director and chief manufacturing officer, will succeed Mr Maheshwari as MD after this date. Before serving three years as MD at UltraTech, Mr Maheshwari was the managing director at Grasim. He is also a director for Aditya Birla Management Corp, a corporate body which provide... |