Displaying items by tag: Kanodia Cement

India: Kanodia Cement plans to launch an initial public offering to raise approximately US$95m, with a draft red herring prospectus expected to be filed with market regulator SEBI by the end of December 2024. The company currently has a production capacity of 5Mt/yr, with plants in Uttar Pradesh and Bihar. CEO Gautam Kanodia said that the company has plans to expand its cement capacity to 10Mt/yr.

India: Kanodia Cement has commissioned its new Amethi cement plant in Uttar Pradesh. The plant consists of four grinding units spread over an area of 18ha. Indo-Asian News Service has reported that the facility’s equipment includes two 12-spout rotary packers and six floor-mounted truck loading machines, supplied by Denmark-based FLSmidth. Kanodia Cement says that the new plant marks progress in line with its sustainable development plant. Its operations will directly and indirectly employ 1000 people.

India: The state government of Uttar Pradesh has granted approval to three planned grinding plant projects with a total value of US$115m. The Hindustan Times newspaper has reported that Kanodia Cement ’s Amethi grinding plant will cost US$39.6m, Eco Plus Cement Industries’ Prayagraj grinding plant will cost US$38.6m and Eco Plus Cement Industries’ Mirzapur grinding plant will cost US$37.1m.