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India’s Adani Group is highest bidder for Jaypee

Jaypee CCF

India’s Adani Group has emerged as the highest bidder in the race to acquire engineering and construction company Jaiprakash Associates (Jaypee), which is currently undergoing insolvency proceedings (we reported here 24. July 2024). According to industry sources, the bid stands…

Mozambique’s Dugongo Cimentos plans grinding unit

Dugongo Cimentos

Dugongo Cimentos will invest US$ 35m in a new grinding unit in Ancuabe in the Cabo Delgado province in Mozambique. The company is a joint venture between Mozambique-based SPI Gestão and China-based West International Holding (WIH) and operates a 2…

India’s Adani Group to consolidate cement operations

Ambuja Marwar Cement Works

India’s Adani Group is consolidating its cement operations under the “Adani Cement” brand, streamlining its structure by merging Sanghi Industries and Penna Cement into Ambuja Cements. With the acquisitions of Penna Cement and of Orient Cement the cement capacity will…