UltraTech Cement, member of the Aditya Birla Group and largest cement producer in India, provided insights into their CapEx plans by 2027. As already reported here, with its phase II and III expansions the grey cement capacity in India shall…
The Adani Group signed a MoU with the Govt. of Telangana in India to invest Rs 1,400 crore to set up a 6.0 Mta cement plant in the next five years. This project, announced 2 weeks ago, would be put…
Nuvoco Vistas Corporation, which is part of the India’s Nirma Group, commissioned the 1.2 Mta Haryana cement grinding plant in Bhiwani, Northern India. The company started into the cement business in 2014 and has become India’s 5th largest cement group…
UltraTech Cement commissioned its new 2.6 Mta greenfield grinding unit at Rajpura in the Punjab State in India. The plant is one of the phase II projects, announced in June 2022, of 22.6 Mta new capacity projects in India. Alone,…
The JSW Group, one of India’s leading diversified business houses, is planning to take JSW Cement public this year and to raise RS 6,000 crores. The company has started discussions with eight investment banks (i-banks) to launch an initial public…
It has been reported that Andani’s Ambuja Cement signed a MoU to install 3 grinding plants in Tamil Nadu, Southern India, for an investment of RS 3500 crores. However, this has not been verified yet (red color). Verified have been…
India’s ACC Limited, which belongs to the Adani Group, acquired the final 55% stake in Asian Concretes and Cements Private Ltd. (ACCPL, former ACL) at an Enterprise Value (EV) of Rs. 7.75 bn (US$ 93.2m) resulting in the entire ownership…
With the acquisition of Andrah Cement a year ago, India’s Sagar Cement increased their clinker capacity to 6.4 Mta and cement capacity to 10.85 Mta. By 2035 the capacity shall be increased to 20 Mta, through inorganic and organic growth.…
Ambuja Cements Limited, which is part of the Adani Group, plans to increase its green power to 60% from 418 MW in FY 23-24 to 1466 MW by FY 27-28 in absolute terms. The more than 1000 MW targeted additional…
A huge 11500 tpd clinker line has been commissioned by Shree Cement in Nawalgarh Tehsil in Rayasthan, about 250 km Southeast of India’s Capital New Delhi. The brownfield Mega cement plant has a 4-string calciner and is able to produce…