Cement News tagged under: JSW Cement
India: Parth Jindal appointed MD of JSW Cement15 June 2016, Published under Cement NewsParth Jindal, son of the chairman of the JSW Group, has been appointed as managing director of its cement business, JSW Cement, the Hindu’s Business Line reports. He will take up his appointment in July. The Hindu reports that Mr Jindal, who has worked as an economic analyst for JSW Steel, has already taken an interest in the cement business, persuading the group to invest INR8bn (US$120m) to build a grinding unit at a new integrated steel plant. |
India: Five bidders still in running for Lafarge01 June 2016, Published under Cement NewsThe Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market, although Piramal and Nirma both operate in other sectors in the country. Lafarge India’s assets amount to a capacity of 11Mta and include mining rights. The six plants included in the sale are loca... |
Ten bidders chase LafargeHolcim Indian assets14 April 2016, Published under Cement NewsThe sale of LafargeHolcim's Indian operations has attracted considerable interest, with the company having received bids from 10 groups interested in buying the assets. According to India's Economic Times, JSW Cement, Blackstone and Ramco Cements have all submitted bids, while the Irish Times notes that CRH, Piramal Group and Carlyle Group are also in the running. LafargeHolcim is selling three integrated plants and two grinding plants with a combined capacity of 11Mta, valued at aroun... |
Deadline nears for LafargeHolcim India assets bids05 April 2016, Published under Cement NewsAdvisors to the sale of LafargeHolcim's 11Mta Indian cement production capacity say that they expect to receive seven to eight bids before next week's deadline. The sale - which was a required by competition authorities - has attracted the attention of a number of private equity firms. According to reports by India’s Mint newspaper, Temasek Holdings, Advent International, Barings Asia Private Equity, Blackstone, Aion Capital and the investment arm of Piramal Group are all evaluating the d... |
JSW and JK Lakshmi reportedly among shortlist for Reliance cement assets26 November 2015, Published under Cement NewsJSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal has disclosed to local press. On 5 November Reliance said it had shortlisted seven potential buyers who submitted preliminary expressions of interest to buy its cement business. JSW Cement, JK Lakshmi Cement and a few private equity firms are among the seven shortlisted bidders, the official cited above said... |
KHD wins orders from JSW Cement, India08 July 2015, Published under Cement NewsHumboldt Wedag India Private Ltd (India) and Humboldt Wedag GmbH (Germany), two subsidiaries of KHD Humboldt Wedag International AG, have signed contracts to supply equipment and services for eight slag grinding units in India. A significant component of each slag grinding unit includes two KHD roller presses with a total capacity of 180tph. The customer, JSW Cement Ltd, is part of the same group as the Indian steel producer JSW Steel Ltd. |
JSW Cement plans to expand Indian footprint07 July 2015, Published under Cement NewsJSW Cement is planning to expand its current 6.4Mta slag-based cement capacity in the coming years with entry into new areas beyond south India under consideration. “We are planning to go into areas other than south India such as into east and west India especially in West Bengal, Odisha and in Maharashtra that would include both the greenfield and brownfield investments. Certain approvals are being awaited and we expect them to come during the monsoon period after that we will start the c... |
JSW Cement plans two new grinding plants, India30 June 2015, Published under Cement NewsJSW Cement plans to start two greenfield grinding units each in West Bengal and Tamil Nadu, India, with potential locations currently being identified. Anil Kumar Pillai, JSW Cement Director and CEO, told the Deccan Herald that each project will involve an investment of between INR350-400 crore. Funds will be raised via internal accrual and loans from banks. For the Tamil Nadu plant, the company has identified possible sites at Tuticorin and the Puducherry. Meanwhile, it continues scout... |
JSW Cement plans portfolio of grinding Indian grinding facilities20 May 2015, Published under Cement NewsJSW Cement plans to install 10 grinding units across India over the next three years in addition to expanding its existing facilities. According to the initial proposal outlined by The Hindu newspaper, JSW Cement has earmarked the construction of 1.2Mta grinding units in West Bengal, Vijayanagar (Karnataka), Dolvi (Maharashtra), Odisha and Tamil Nadu. The company is also due to embark on the expansion of existing facilities in Vjayanagar and Dolvi in the coming months, with land and envi... |
JSW may shelve Gulbarga investment, India20 March 2015, Published under Cement NewsJSW Cement planning to shelve its plan to set up a 3Mta clinker plant at Chittapur in Gulbarga, Karnataka district, temporarily as the company's short-term goal is to ensure that its Andhra Pradesh plant reaches full capacity, the Times of India (TOI) reported citing a senior company official. JSW Cement currently runs three plants Nandyal unit (4.8Mta) in Andhra Pradesh, Vijayanagar unit (0.7Mta) in Karnataka and Dolvi unit (0.7Mta) in Maharashtra. While its Vijayanagar and Dolvi pla... |