Nuvoco Vistas, India’s 5th largest cement group, has emerged as the successful applicant to buy Vadraj Cement under the Corporate Insolvency Resolution Process. Vadraj Cement (formerly known as ABG Cement) owns a decommissioned clinker unit (photo) and grinding unit as…
UltraTech Cement announced the acquisition of a 8.69% minority stake in India’s Star Cement from the promotors for Rs. 851 core. Meghalaya based Star Cement (Photo: Integrated Meghalaya plant) intends to increase its cement capacity to 12 Mta by FY…
India’s JK Cement celebrated the foundation-laying ceremony for a new split cement grinding unit in Buxar, in Bihar. With a proposed capacity of 3.0 Mta, the new GU will play a crucial role in balancing demand and supply in the…
India’s Ambuja Cement has successfully commissioned and started power transmission from its 200 MW solar power project in Khavda. The unit is phase 1 of a 1000 MW renewable power project of the company, which aims to achieve 60% of…
India’s UltraTech Cement has successfully commenced operations of an IKN pendulum clinker cooler at the Maihar plant (photo). In the 24-hour trial run a smooth and timely start-up procedure has been achieved. The installation underscores the growing trust in IKN’s…
India’s leading cement producer UltraTech has received a notice from the Competition Commission of India (CCI) over its proposed buyout of The India Cements Ltd. UltraTech, who is already a 22.77% shareholder of India Cements, had announced earlier this year…
India’s Star Cement keeps track with two more grinding units to expand its cement capacity by 4.0 Mta. Today, the company operates 7.7 Mta cement capacity from one integrated cement plant in Meghalaya (photo) (we reported here 24.04.24 about the…
India’s Ambuja Cement replaced the existing grate cooler in its 4.0 Mta Maratha plant in Maharastra with a new IKN Pendulum cooler. The integrated cement plant (photo) has a clinker capacity of 8000 tpd. The new cooler achieves 100% hot…
India’s Kanodia Cement, which developed from a cement retailer to a manufacturer plans to double its cement grinding capacity from 5.0 to 10 Mta. Kanodia is looking to raise funds of INR8bn (US$ 95.12m) through an initial public offering (IPO). At…
India’s Ambuja Cement acquires via the Adani Group the shares of Orient Cement Ltd. (OCL) at INR 8,100 crore equity value, fully funded by internal accruals. The acquisition adds 16.6 Mta capacity (8.5 are operational, 8.1 Mta are ready to…