Cement News tagged under: Kesoram Industries
UltraTech Cement eyes up Kesoram Industries27 November 2023, Published under Cement NewsUltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10Mta across Karnataka and Telangana . Current shareholders in Kesoram Industries are the existi... |
Kesoram Industries banks on blended cement for future growth16 June 2023, Published under Cement NewsIndian cement producer Kesoram Industries has reported a loss of INR1160m (US$14.2m) in the year ended 31 March 2023 (FY22-23), down from INR1300m in the same period a year earlier. The company expects to be back in profit this year on the back of a steady rise in the share of blended cements in its total sales, along with lower production and distribution costs, according to The Hindu. The cement producer’s CEO, Mr P Radhakrishnan, forecasts EBITDA to improve to INR1000-1200/t in the... |
Kesoram Industries plans geographical expansion31 July 2019, Published under Cement NewsIndia’s Kesoram Industries (Birla Group) has announced that it will look to increase the geographical spread of its cement business across India. Currently, the company has 7.5Mta of capacity focussed in the southern region. "We shall now explore high-margin markets in the country to improve bottom-line. Now, we are in south and a small part of west, we shall spread further," said P Radhakrishnan, CFO. The company will also look to concentrate more on blended cement than OPC, according to ... |
Kesoram Industries to restructure businesses, India27 June 2014, Published under Cement NewsKesoram Industries, part of the BK Birla Group, has set up a three-member committee of directors to explore options to reorganise its businesses, including the possible hiving off of its cement unit.. Two directors of the committee are independent, the company said. There has been speculation that Kesoram, which has interests in cement, tyre and rayon businesses, may merge its cement division with group entity Century Textile's cement business. The move to realign the company's ... |
Kesoram Industries to construct 3Mta plant in Maharashtra, India05 August 2013, Published under Cement NewsKesoram Industries, part of the BK Birla Group, is to establish a 3Mta cement plant in Solapur in the state of Maharashtra. “The Solapur cement plant is a two-stage project. In phase 1, we are setting up a 1.5Mta grinding capacity,” Arvind Kumar Singh, CEO (business operations) of Kesoram Industries told the Telegraph of India. This phase is expected to begin operations within 18-20 months. Kesoram currently operates two plants in the states of Karnataka and Andhra Pradesh with a combined... |
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