Cement News tagged under: india
JSW Group joins the race for Holcim in India02 May 2022, Published under Cement NewsThe race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement by the Adani Group, helmed by billionaire Gautam Adani, which is also in discussions with a number of global lenders. JSW Group has reportedly received assurances for funds of up to US$11bn from PE firms and lenders, including American PE major Carlyle... |
Ramco Cements Ltd completes WHRS at Jayanthipuram plant27 April 2022, Published under Cement NewsThe Ramco Cements Ltd has invested in the waste heat recovery system (WHRS) for power generation in all the three lines of its Jayanthipuram cement plant. The last leg of the preheater was commissioned on 16 April 2022. With this, the 27MW WHRS has been fully commissioned at the plant. Further, "we are set to commission company's fifth integrated cement plant at Kolumigundla, Kurnool district, Andhra Pradesh together with 12.15MW of WHRS. The overall capacity of company's WHRS will in... |
Aditya Birla Group will consider buying Holcim's Indian assets26 April 2022, Published under Cement NewsKumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel... |
JSW Group in discussions to raise funds to bid for Holcim's Indian operations22 April 2022, Published under Cement NewsSajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter. Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements and ACC Ltd up for sale as part of a global strategy to focus on core markets. JSW, one of the strong contenders for the acquisition, is busy organising b... |
Cement prices in India face further rise21 April 2022, Published under Cement NewsFollowing the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13 per cent. In the last six months, coal and petcoke prices have surged by 30-50 per cent, according to industry sources. A report by Indian analysts CRISIL, domestic cement prices are expected to advance a further INR25-50/bag in April as producers start to pass on rising costs to consumers. This follows a rise to INR390/bag in the past 12 m... |
Tamil Nadu Cement orders 10MW solar power plant21 April 2022, Published under Cement NewsTamil Nadu Cement Corp Ltd will be setting up a 10MW solar power plant at an outlay of INR650m (US$8.52m) for captive use, said Minister for Industries, Thangam Thennarasu. As per the Policy Note presented in the Assembly by Mr Thennarasu for 2022-23, Tamil Nadu Cement will construct the solar plant at its Alangulam cement plant. The company is also planning to install an alternate fuel feeding system at a cost of INR300m at the new Ariyalur cement plant. |
Kanodia Cement completes Amethi grinding plant expansion20 April 2022, Published under Cement NewsKanodia Cement has set up a new cement grinding unit at its Amethi plant, India. The grinding expansion is already completed and production began in April 2022. All four of the company’s cement grinding units are fully automated. Vishal Kanodia, managing director, Kanodia Cement, said that the Amethi expansion is part of the company’s strategy to increase its total cement capacity to 4.3Mta. “We are optimistic about the growth in demand for cement in India. The set-up of our Amethi... |
Holcim reported to be looking for potential buyers of ACC Ltd19 April 2022, Published under Cement NewsBloomberg has reported on Holcim proposing to dispose of Ambuja Cements Ltd. Holcim owns ACC Ltd and Ambuja Cements in India. With approximately 64Mta of cement capacity it is second-largest producer behind UltraTech Cement in the country. The Swiss conglomerate is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels, according the Economic Times. Deliberations are in the early stages and may not lead to a transaction, ... |
UltraTech Cement preferred bidder for Karnataka limestone13 April 2022, Published under Cement NewsUltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction of Diggaon Limestone Block conducted by the Government of Karnataka and has been declared as the preferred bidder," the company said in a regulatory filing. The block is situated in Chittapur township in the Kalburgi district of Karnataka, India. It is adjacent to UltraTech Cement’s Rajashree cement plant. The bl... |
ACC Ltd receives first fly ash consignment from Vedanta Aluminium11 April 2022, Published under Cement NewsVedanta Aluminium has supplied its first rake consignment of 4000t of fly ash from Jharsuguda unit to one of the plants of ACC Ltd for the production of low-carbon cement. In cement manufacturing, every tonne of fly ash used can help save around 700-800kg of carbon emissions and at least 340l of water. "At Vedanta Jharsuguda, we use high-quality coal which results in better quality fly ash, and we are delighted to be ACC Cement's supplier of choice in this regard, given that its pare... |