Ambuja Cement, which is part of India’s diversified Adani Group, announced a 6.0 Mta split grinding plant in Bihar for a Rs. 1600 Cr investment. The Warisaliganj cement grinding unit will be implemented in three phases with the first phase…
India’s JK Cement has 4 projects to expand its cement capacity by 6.0 Mta. After setting-up the Prayagraj grinding unit (we reported 26. June 2024) the company ordered the main machinery for the 3.3 Mta clinker production and 1.0 Mta…
India’s UltraTech Cement, which is part of the Aditya Birla Group, has raised $500 million (about ₹4,000 crore) through a sustainability-linked loan. Lenders for the financing procedure include Sumitomo Mitsui Banking Corporation (SMBC), SBI, BNP Paribas, DBS, MUFG and Mizuho.…
Last Friday, India’s Adani Group sold 2.84 % of its equity capital in Ambuja Cement, which has a value of about US$ 500m. After the deal, the Adani family will still own 67.5% of the shares of the company. US…
JSW Cement filed for a ₹4,000 crore IPO (Initial Public Offering) to set up a new integrated cement plant in Nagaur, Rajasthan, India and repay debts. The US$ 477 fresh equity will be mainly used for the financing of the…
India’s Ambuja Cement Limited, a subsidiary of the Adani Cement, has completed its acquisition of Penna Cement Industries Limited (PCIL) end of last week, the company said in an exchange filing. We reported about the transaction 14. June 2024). With…
Shiva Cement, which is a subsidiary of India’s JSW Cement, is currently investing over ₹1,500 crores in a 1.36 Mta clinker unit project to be established in Sundergarh, Odisha. The company has been established in 1985 and operates a 4000…
Jaiprakash Associates, Jaypee Group’s cement flagship firm, once, India’s 3rd largest cement producer with a capacity of 33.8 Mta is now in official insolvency. The decision came by the National Company Law Tribunal (NCLT) on June 3 after ICICI Bank filed…
India’s largest cement producer UltraTech completed the acquisition of an additional 25% stake in RAK White Cement. The deal (we reported here May 29, 2024) is equivalent to 125 million shares, according to a bourse disclosure dated 11.07.2024. The additional…
India’s UltraTech, led by Kumar Mangalam Birla, is in advanced talks to acquire Orient Cement Ltd (OCL) from CK Birla. OCL began cement production in the year 1982 at Devapur in Telangana. In 1997, a split-grinding unit was added at…