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…
In the first half of FY 2023-24 (period from July to December 2023) the cement export revenue of the cement exporters in Bangladesh increased by almost 50% to 8.294 US$m. This comes after a YoY increase of 15.2% in the…
UltraTech Cement commissioned its new 2.6 Mta greenfield grinding unit at Rajpura in the Punjab State in India. The plant is one of the phase II projects, announced in June 2022, of 22.6 Mta new capacity projects in India. Alone,…
Crown cement, one of the leading cement manufacturers in Bangladesh, started its sixth cement mill this month at West Mukterpur, Munshiganj on the bank of the river Dhaleswari (photo), south of Dhaka. The company selected an efficient vertical roller mill…
The JSW Group, one of India’s leading diversified business houses, is planning to take JSW Cement public this year and to raise RS 6,000 crores. The company has started discussions with eight investment banks (i-banks) to launch an initial public…
It has been reported that Andani’s Ambuja Cement signed a MoU to install 3 grinding plants in Tamil Nadu, Southern India, for an investment of RS 3500 crores. However, this has not been verified yet (red color). Verified have been…
India’s ACC Limited, which belongs to the Adani Group, acquired the final 55% stake in Asian Concretes and Cements Private Ltd. (ACCPL, former ACL) at an Enterprise Value (EV) of Rs. 7.75 bn (US$ 93.2m) resulting in the entire ownership…
In Pakistan, in the 1.H of Financial Year 2023-24 (July to December 23) the cement exports increased by +109.6 to 3.634 Mt, after 1.734 Mt in same period last FY. While in the 1.Q of the new FY, the cement…
In Pakistan, in the 1.H of Financial Year 2023-24 (July to December) the total cement dispatch increased by +9.5% to 23.836 Mt, after 21.764 Mt same period last FY. However after an increase by +23.1% in the 1.Q of the…