Displaying items by tag: India

India: Nuvoco Vistas has won a bidding process to acquire Vadraj Cement through a corporate insolvency resolution, according to The Economic Times. The acquisition includes Vadraj’s 6Mt/yr grinding unit in Surat and 3.5Mt/yr clinker capacity in Kutch, increasing Nuvoco Vista’s production capacity of 25Mt/yr by over 20%. The value of the deal was not disclosed.

Nuvoco will acquire Vadraj Cement through its subsidiary Vanya Corporation, which was incorporated in November 2024. The company said that it plans to fund the acquisition without a significant rise in its consolidated debt levels. It plans to invest in Vadraj Cement over 15 months to bring in operational improvements before commencing production in the third quarter of the 2027 financial year. The acquisition awaits National Company Law Tribunal approval.

The company stated in its press release “With this transaction, Nuvoco's total cement production capacity is set to increase to approximately 31Mt/yr, distributed as 19Mt/yr in the East, 6Mt/yr in the North, and 6Mt/yr in the West, consolidating its position as the fifth-largest cement group in India.”

India: Sagar Cements has announced the commencement of operations of its 6MW solar power plant, located at its cement plant in Gudipadu village, Ananthapur District, Andhra Pradesh. The plant is part of the company's broader strategy to integrate renewable energy into its operations, according to Business Upturn.

India: JK Lakshmi Cement will merge three of its subsidiaries, Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries, into its operations. Under the scheme of amalgamation, Udaipur Cement Works’ shareholders will receive four JK Lakshmi Cement shares for every 100 shares held. The merger will ‘simplify the group structure’, making ‘one combined entity focused in the business of cement and cement products’, according to The Business Standard.

India: UltraTech Cement has acquired an 8.69% stake in Star Cement for US$99m, at US$2.74/share. According to The Hindu Businessline, this minority stake acquisition could lead to UltraTech Cement eventually buying out Star Cement entirely, similar to its previous acquisition of India Cements on 20 December 2024.

India: Ramco Cements has commissioned an additional 2MW waste heat recovery turbine at its Alathiyur cement plant, doubling the facility's waste heat power capacity to 4MW. The company's total waste heat power capacity has now increased to 45.15MW, as stated in a regulatory filing. According to its Business Responsibility and Sustainability Report 2024, Ramco Cements aims to meet about 45% of its energy needs from renewable sources by 2030. According to Energetica India, the company has also reduced its reliance on fossil fuels by using wind energy and rooftop solar panels.

India: AVG Logistics announced that it has successfully secured an order worth US$10.5m from a cement manufacturing company, marking a significant milestone in the company's expansion strategy. Under this contract, the company will leverage its expertise in managing complex logistics networks to provide tailored solutions. The company plans to address the unique challenges of the cement supply chain, from raw material transportation to finished product delivery.

India: Kaushalya Logistics has secured permissions for three upcoming depots, at Akbarpur, Fatehpur and Shahganj, Uttar Pradesh. Capital Market News has reported that JK Cement will use the depots in its operations.

India: Prism Johnson has implemented the Ramco ERP Suite across its cement operations. Ramco ERP Suite is an enterprise resource planning system that incorporates maintenance, sales and distribution. Tools include a Contract Labour Management System for work shifts and Interactive Business Intelligence System for transaction management, along with GIS-enabled applications. Ramco also offers a Real-Time Integrator module to connects its Process Suite Advanced Process Control Expert Optimisers to the suite.

India: One person has died and five sustained injuries in a disaster at Adani Group subsidiary Penna Cement’s Yadiki cement plant in Andhra Pradesh’s Anantapur District. The Hindu newspaper has reported that an incident of an unspecified nature occurred on the night of 18 December 2024.

Anantapur’s Industrial Safety Committee is compiling a report for the district collector, who may take action against any party at fault.

India: JK Cement has laid the foundation stone for a new grinding unit in Buxar, Bihar, at a cost of US$58.7m. With a capacity of 3Mt/yr, the unit is expected to increase the company’s production capacity to over 30Mt/yr by 2025, from the current 24.3Mt/yr, according to Biltrax Media.

Raghavpat Singhania, managing director of JK Cement, said "The new facility will not only enhance JK Cement's reach across India but also contribute to the overall infrastructural and economic development of Bihar.”