Cement News tagged under: India
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |
JSW Cement prepares for IPO11 January 2024, Published under Cement NewsJSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu businessline. With the intense competition and consolidation in the industry, JSW Cement plans to utili... |
UltraTech enables green mobility for clinker with electric trucks09 January 2024, Published under Cement NewsGiving a significant boost to ‘green mobility’, UltraTech Cement Ltd , India’s largest cement and ready-mix concrete company, has introduced five electric trucks for transport of clinker from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement factory, located in Maharashtra. To ensure reliable transportation, UltraTech has also set up three charging stations, one at each of the units and one en-route. The transpor... |
Shree Cement launches Bangur as master brand09 January 2024, Published under Cement NewsIndia’s Shree Cement has announced a revamp of its corporate brand identity and the launch of multiple brand offerings with Bangur as the master brand. According to Neeraj Akhoury, MD of Shree Cement, the launch of Bangur as the master brand “is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position Bangur as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeov... |
Aditya Birla appoints Chief Human Resource Officer (Designate)09 January 2024, Published under Cement NewsIn line with the Aditya Birla Group ’s Employee Value Proposition of ‘A World of Opportunities’ and talent philosophy of developing talent from within, the Board of Directors at its recent meeting, based on the recommendation of the Nomination, Remuneration and Compensation Committee, considered and approved the appointment of Chandrashekhar Chavan, as Chief Human Resource Officer (Designate), Senior Management Personnel of the company with effect from 16 February 2024. He will take on the ... |
ACC acquires Asian Concretes and Cements08 January 2024, Published under Cement NewsACC Ltd , a subsidiary of Ambuja Cements Ltd , has announced that it is acquiring a 55 per cent stake in Asian Concretes and Cements Pvt Ltd (ACCPL) for an enterprise value of INR7750m (US$93.3m). ACC currently holds a 45 per cent stake in ACCPL so this latest deal gives ACC entire ownership of ACCPL, increasing ACC’s cement production capacity to 38.55Mta. ACCPL runs 1.3Mta of cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL) has... |
SID completes alternative fuel project for Prism Cement04 January 2024, Published under Cement NewsPrism Cement has announced the completion and hand over of another milestone project for the company in India. The joint efforts of SID SA of Switzerland and India have successfully completed the alternative fuel project at the cement plant. This project will reduce carbon consumption in cement production while using processed alternative fuel. Prism Cement operates a 5.6Mta plant in Satna , India. |
Maha Cement launches two new products04 January 2024, Published under Cement NewsMaha Cement , part of My Home Industries Private Ltd (MHIPL), has launched two new cements in Bangalore, India - MAHA HD+ (OPC 53) and MAHA HD+ (PPC). According to the company, MAHA HD+ (OPC 53) is a revolutionary, early-setting cement with high strength, which complies with IS 269-2015. It is produced by blending high-quality clinker, tri-calcium silicates and gypsum, offering the highest fineness and consistency. Maha Cement says it is suitable for creating high-strength concrete stru... |
UltraTech's sales rise 6% YoY in 3QFY23-2402 January 2024, Published under Cement NewsUltraTech 's consolidated sales rose by six per cent per cent to 27.32Mt YoY in the third quarter ended 31 December 2023. Aditya Birla Group , UltraTech's parent company, announced in a regulatory filing that total sales volume in the domestic market was up five per cent YoY to 26.06Mt during the quarter under review. The company's domestic grey cement production was at 25.44Mt in the October-December 2023 quarter, reporting five per cent growth YoY, while its white cement production wa... |
Wonder Cement announces Tulsigam grinding plant02 January 2024, Published under Cement NewsWonder Cement Ltd has announced the setting up of a new production facility at Tulsigam, Gujarat, India. The 2Mta Tulsigam unit is set to augment the brand's manufacturing capabilities, seamlessly integrating with its existing production lines. "Each strategic move, including our new Tulsigam grinding unit, is aligned with our commitment to cater to Bharat’s evolving infrastructural demands. We're poised for continued growth and are deeply committed to quality, innovation, and societal ... |