Cement News tagged under: India
JSW Cement makes approach for Heidelberg Material's Indian cement operations03 October 2023, Published under Cement NewsJSW Cement , the building materials business of steelmaker JSW Group , is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4Mta cement businesses in India, according to The Economic Times of India. JSW Group has reportedly made an unsolicited offer to acquire Heidelberg Materials' local entities that primarily have capacities in the Indian peninsular. The report further added that Heidelberg Materials is yet to make a final call on its India exit str... |
Keerthi Industries reports 4% drop in revenue27 September 2023, Published under Cement NewsKeerthi Industries Ltd (formerly Suvarna Cements Ltd) has reported revenue of INR2405.6m (US$28.9m) in the FY22-23, ended 31 March 2023, down four per cent compared to INR2499.5m in the same period a year earlier. Profit before interest and depreciation declined from INR348.5m in FY21-22 to INR17.4m a year later, while the INR222.5m pretax profit seen in FY2021-22 fell to a loss of -INR110.7m in FY22-23. The company produced 478,515t of cement over FY22-23 along with 474,584t of clinker.... |
Shree Cement approves NCDs to fund expansion27 September 2023, Published under Cement NewsShree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secured, rated, redeemable and taxable NCDs with a base issue size of INR3500m, with an option to retain oversubscription of up to INR3500m, will be allotted today (26 September 2023) at a face value of INR100,000 each for cash at par. The date of maturity of the NCDs to be issued on a private placement basis to certai... |
Anjani Portland Cement appoints new CFO26 September 2023, Published under Cement NewsRajesh Kumar Dhoot has been appointed chief financial officer of Anjani Portland Cement, effective from 1 October 2023. He succeeds Mr R S Ramanjaneyulu who resigned from the position due to personal reasons. Mr Dhoot is a chartered accountant with over 27 years of experience in various industries, including cement, sugar and textiles. He has worked in the cement industries for 17 years with experience in marketing, finance and accounting. Previously he has held positions at UltraTech Ce... |
UltraTech Cement buys land from The India Cements Ltd22 September 2023, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has entered into an agreement with The India Cements Ltd , on 21 September 2023 to purchase a 73.35-acres plot of land (which includes land of 14.53 acres to be procured), located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of INR70,000m, exclusive of taxes, stamp duty and registration charges. “This is for the purposes of the business of the company. The disclosure i... |
JK Lakshmi Cement to buy Amplus Helios solar stake20 September 2023, Published under Cement NewsIndia-based JK Lakshmi Cement Ltd , part of JK Organisation, has announced it will acquire a 20.80 per cent stake in Amplus Helios Pvt Ltd, a special purpose vehicle to set up a 50MWAC solar power plant in Chhattisgarh, India. The stake will be bought for INR21.6m (US$0.25m). The acquisition will enable JK Lakshmi Cement to secure the source of 40MWAC solar power for its Durg plant. |
Heidelberg Materials partners UNTHA in Zuari Cement project20 September 2023, Published under Cement NewsHeidelberg Materials has revealed a new single-step alternative fuel production line in India, with the help of UNTHA shredding technology. The system has been installed at the Yerraguntla cement plant in Andhra Pradesh, owned and operated by Zuari Cement (Heidelberg Materials Group). This well-known Indian firm has a cement manufacturing capacity of 7.1Mta. Handling both pre-sorted and unsorted municipal solid waste (MSW) collected from throughout the region, it can process 20t of 10... |
Humboldt Wedag India wins Deccan Cements Ltd's grinding expansion project15 September 2023, Published under Cement NewsDeccan Cements Ltd has awarded Humboldt Wedag India (a KHD company) a contract to increase capacity at an existing Bhavanipuram clinker grinding plant in India. The upgrade will also allow the company to produce both ordinary Portland and pozzolana Portland cements (OPC and PPC) on the same mill. The plant currently comprises a single ball mill producing 155tph of OPC at 2900 Blaine. Following the upgrade, capacity will increase to 310tph of OPC at 3200 Blaine and 370tph of PPC at 3600 ... |
ACC commences production at Ametha plant15 September 2023, Published under Cement NewsACC , part of the Adani Group , has begun clinker production at its new Ametha cement plant in Madhya Pradesh, India, reports Business Line. The integrated works has a 3.3Mta clinker capacity and 1Mta cement capacity. The greenfield project takes ACC’s overall cement production capacity to 37Mta. It also boasts a 16.3MW waste heat recovery system and has the potential to use up to 15 per cent alternative fuels and raw materials. According to Ajay Kapur, CEO of the cement busines... |
Birla Corp announces expansions in FY25-2607 September 2023, Published under Cement NewsBirla Corp , the flagship company of MP Birla Group , is planning to increase cement production to 25Mta by the end of financial year 2025-26. The existing capacity of Birla Corp headed by Harsh V Lodha stands at about 20Mta. The company is planning to ramp up its production capacity from a greenfield cement plant at Mukutban near Nagpur, setting up a setting up a second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units in north India. “With the commissio... |