Cement News tagged under: Lafarge India
Lafarge India initiates sale of cement units22 March 2016, Published under Cement NewsFrench cement-maker Lafarge's India arm has initiated the process of sale of its India business with the appointment of two investment bankers. The business comprising cements plants with a production capacity of 11Mta is valued at about INR110bn (US$1.647bn), the Business Standard reported. Piramal Enterprises, JSW Cement, CRH, KKR and Blackstone are cited as likely buyers, according to the paper. Last month, Lafarge India's entire India business was put on the market after a failed deal... |
Sonadih plant wins Safety, Health and Environment award, India12 March 2014, Published under Cement NewsLafarge India's Sonadih cement plant has been awarded the Safety, Health and Environment' (SHE) Award under the large-scale industry category by the Confederation of Indian Industries (CII), Eastern Region. The Lafarge India team was recognised for implementing initiatives like leadership, empowerment of its plant team, engagement programmes with employees and contractors, on-site practices, internal mechanisms, strategic vision and Industrial Safety, Health and Environment objectives at t... |
Lafarge India receives environmental approval for Chhattisgarh expansion21 May 2013, Published under Cement NewsLafarge India has received approval from the environmental ministry to proceed a project to double capacity at its Chhattisgarh plant, a government official has said. The Indian unit of the French cement major plans to expand clinker capacity from 1.6Mta to 3.2Mta and cement capacity from 2.2Mta to 4.8Mta. Lafarge India has a cement capacity of around 8Mta from two integrated cement plants?in Chhattisgarh (Sonadih and Arasmeta) and grinding units in Jharkhand (Jojobera) and West Bengal... |
Lafarge raises EUR200m to accelerate its development in India15 May 2013, Published under Cement NewsLafarge SA signed an agreement to raise €200m through capital increase subscribed by Baring Private Equity Asia, and representing a 14 per cent minority stake in its Indian subsidiary, Lafarge India Private Ltd. This transaction, which is subject to the approval of local regulatory authorities, will accelerate Lafarge's growth plans in India in all its product lines: Cement, Aggregates and Concrete. Lafarge entered the Indian market in 1999 through its cement business and currently ope... |
Baring Asia in talks with Lafarge India for minority stake01 May 2013, Published under Cement NewsPrivate equity firm Baring Asia is said to be in advanced talks with Lafarge India to invest about US$240m for a minority stake, according to reports by Reuters. The deal is likely to be announced soon, two sources with direct knowledge of the deal told Reuters. Lafarge is raising capacity of its Indian arm to fund the expansion, according to one of the sources. Local press say that the stake could be around 14-15 per cent worth US$261m. Lafarge currently has four cement plants in India: ... |
Temasek Holdings in line for Lafarge India stake?14 February 2013, Published under Cement NewsTemasek Holdings is reportedly among those shortlisted by Lafarge as a potential buyer for a minority stake in its Indian arm. Lafarge India plans to sell a 20-30 per cent stake to raise INR1325m (US$250m) to fund its INR6000 crore expansion, according to reports by the Economic Times (ET) of India. The sale of the stake is slated for completion by March. Lafarge has decided not to raise more debt to fund its capex but is instead looking at equity financing. Temasek Holdings is an inv... |
Lafarge India plans bond issue – report08 February 2013, Published under Cement NewsLafarge India plans to raise INR500 crore through a bond issue, the Economic Times (ET) of India has reported. "The company will raise the bonds in tenors of two-three years," two people familiar with the development told ET. "The coupon may be anywhere around 9.15-9.20 per cent for these bonds, since they are not frequent issuers," said a bond broker from a Mumbai-based brokerage. India Ratings has assigned AA+ rating to the bonds. |
Lafarge looking to sell stake in Indian operations?21 December 2012, Published under Cement NewsPrivate equity funds are in talks to buy a minority stake in Lafarge India as the cement company taps new ways to fund its expansion, the Economic Times of India reports. Carlyle, KKR, Temasek and TPG Capital have begun preliminary talks with Lafarge India management, two sources close to the transaction said. Some of them have also signed non-disclosure agreements. Lafarge wants to shed up to a 20 per cent stake to fund expansion plans worth about INR6000 crore, the ET reported. " Lafar... |
Lafarge appoints new India CEO23 May 2012, Published under Cement NewsMartin Kriegner has been appointed CEO of Lafarge India with responsibility for all of Lafarge's cement, aggregates and concrete activities in the country, as part of the company’s group-wide reorganisation programme. "I am happy to return to India as Country CEO, at a time when the construction sector is evolving quickly in the country. By combining all of our activities together, we will be able to support this evolution by offering integrated and innovative solutions at an earlier sta... |
Lafarge05 April 2012, Published under Cement NewsLafarge Maroc, which is jointly controlled by Lafarge but the economic interest is limited to 34.6%, has reported a 4.1% increase in turnover to MAD5570m. However, higher costs could not be passed on in an increasingly competitive market and the trading profit declined by 1.3% to MAD2370m. The net profit was down by 0.9% to MAD1660m (€148.8m). Lafarge India aims to increase its cement capacity from a current 8Mta to 10Mta. This is to be achieved by organic growth and no acquisitions are p... |