Displaying items by tag: India

India: Residents near the proposed cement plant site in Garhshankar, Hoshiarpur district, are holding a public hearing on 11 September 2024, disputing the legitimacy of a previous meeting held by the Punjab Pollution Control Board and local authorities on 19 January 2024. The Vatavarn Bachao Sangharash Committee, representing 24 villages, claims the initial hearing was manipulated and poorly attended by local villagers.

Convener Tarsem Singh said "Three villages - Naryala, Sardullapur and Badhoaan - are in the immediate vicinity of the proposed plant. Around 30 villages are in its 5km radius. Representatives from these villages have already been holding meetings for eight months after we came to know about the proposal. We have also been sending representatives to authorities. Now our teams are visiting these villages daily to mobilise wider public participation, so that people can express their views."

India: Oriana Power subsidiary TrueRE Surya has won a contract to build a 128MW solar power plant in Tamil Nadu for Dalmia Cement (Bharat), supporting its target to use 100% renewable electricity by 2030 and become carbon negative by 2040.

The project cost approximately US$62m and will be commissioned within the next 12 months, according to Energetica India Magazine. As part of the contract, Dalmia Cement (Bharat) will acquire 26% of TrueRE Surya for US$5.3m, with the transaction finalising within four to six months.

Oriana Power Chief business officer Anirudh Saraswat said “We are also humbled by the trust posed in Oriana Power’s ability to execute mega solar projects by the largest companies and are equally excited to take another big step forward in helping India meet its renewable energy goals through this partnership.”

India: RHI Magnesita India plans to invest approximately €442m to expand and upgrade its production capacity by the end of the financial year 2025, according to The Hindu newspaper. This follows a €331m investment over the past two years, which increased the company's refractory production capacity in India to over 0.5Mt/yr.

India: Star Cement has announced the formation of Ri Pnar Cement in Meghalaya as a wholly-owned subsidiary. The incorporation was approved by the Ministry of Corporate Affairs on 5 September 2024, and involves an authorised capital of US$11,911, divided into 100,000 equity shares valued at US$0.12 each.

India: Indian cement manufacturers plan to invest approximately US$14.3bn over the next four years to increase capacity by 25%, adding 160-170Mt/yr of cement production, reports the Times of Oman newspaper. This expansion is reportedly driven by rising domestic demand and a significant infrastructure push by the government, with plans to invest US$1.7tn in infrastructure projects by 2030. The industry aims to fund this growth primarily through internal accruals, reducing reliance on debt. The top three producers —Ultratech, Ambuja, and Shree Cement — will reportedly contribute over 70% of the total capacity increase.

India: Dalmia Bharat announced that its subsidiary, Dalmia Cement (Bharat), has entered into a share subscription and shareholders agreement to acquire a 26% stake in Truere Surya for US$5.3m. Truere Surya will establish a solar power project in Tamil Nadu, aligning with Dalmia Bharat’s goals to become carbon negative by 2040.

The solar project will have a capacity of 128MW. Completion of the transaction is anticipated within 4 - 6 months, pending customary conditions.

Nepal: Exports of cement to India via the Kakarvitta road border crossing in Jhapa totalled 50,000t in the 2024 financial year, which ended on 15 July 2024. KhabarHub News has reported that shipments had a combined value of US$3.81m. The Kakarvitta crossing had not previously served to convey major despatches of cement between the two countries. The cement industry in Jhapa is 50% dependent on export markets for its demand. Eight plants operate in the district, of which three currently sit idle due to 40% local oversupply.

India: The family of worker Rajaram Kushwaha has reported that he died after being taken to hospital for injuries sustained while working at a cement plant near Maihar, Maharashtra. The Free Press Journal newspaper has reported that Kushwaha’s family has requested that police lodge a freedom of information request of plant management into the circumstances of the ‘mysterious’ tragedy.

India: Adani Ports and Special Economic Zone has opened a 2Mt/yr grinding plant in Guna, Madhya Pradesh, Mint News has reported. Together with a neighbouring firearms plant, the Adani Group subsidiary invested US$417m in the project.

India: JK Cement plans to invest US$584m in its construction of a new cement plant in the Jaisalmer district of Rajasthan. IM News has reported that the producer has already secured environmental clearance for the upcoming plant.