Displaying items by tag: Madhya Pradesh

India: Century Textiles & Industries is reportedly planning to sell its cement business and merge it in an all-share deal with India's largest cement maker UltraTech. Both companies are in the final stages of a plan to merge the cement businesses, according to local media.

Once approved by shareholders, the merged entity's cement production capacity would total 87M/yr. This would help UltraTech achieve 100Mt/yr ahead of its target of 2020. UltraTech would gain access to the eastern market while strengthening its presence in Maharashtra, Chhattisgarh and Madhya Pradesh.

India: A panel of India's environment ministry has cleared a USD98.6m proposal by Jaiprakash Associates to expand the capacity of its cement plant in Madhya Pradesh. The panel has recommended clearance, with certain riders, for the project in the Sidhi district, where the company already operates a 2Mt/yr plant. The Jaypee Group firm proposes to augment the existing capacity to 3.5Mt/yr by constructing a 1.5Mt/yr line.

The Expert Appraisal Committee (EAC) recommended the proposal for environmental clearance subject to the stipulation of specific conditions that include developing a green belt in at least 33% of the area in and around the plant and earmarking at least 5% of the total cost of the project towards social commitments. Jaiprakash plans to put up the new line on 10 hectares and has plans to invest USD13.1m for the installation of pollution control measures.

The Jaypee Group has over 26Mt/yr of cement production capacity across all of its cement interests and has embarked upon expanding it to around 36Mt/yr.