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JSW Cement, which is planning to raise capacity to 20 million tonne per annum by 2020, has said it is eyeing acquisition of stressed cement assets as part of its strategy to expand capacity and capitalise on growing infrastructure spends and realisation of pent up cement demand. Boosted by a 63% volume growth in Q2FY19 […]

UltraTech Cement cleared all dues owed to the creditors of Binani Cement, taking possession of the latter’s units in India, UAE and China. The board of directors at Binani Cement has been reconstituted, with the company now a wholly owned subsidiary of UltraTech. This follows the Supreme Court’s ruling, which approved UltraTech’s resolution plan in […]

India Cements Ltd has agreed to acquire Springway Mining for a total consideration of Rs 1.82 billion to set up a cement plant in Madhya Pradesh. “Our company has entered into a share purchase agreement on October 28 for acquiring the entire shareholding of Springway Mining Pvt Ltd, in a phased manner, for a total […]

ITD Cementation India has received LoA / LoIs aggregating over Rs 1066 crore for -Construction of New Integrated Passenger Terminal Building and associated facilities at Pune Airport for Airports Authority of India. Construction of Breakwater for Vizhinjam Port, Thiruvananthapuram, Kerala for Adani Improving Capacity Utilisation of OR-I & OR-II Berths for Visakhapatnam Port Trust.Design, Construction, […]

Birla Corporation Limited, M.P.Birla group flagship company, would invest around Rs 2,400 crore for its proposed new cement plant at Mukutban near Nagpur. “We are planning to invest around Rs.2,400 crore for four mtpa greenfield cement plant at Mukutban. We will now go to board for approval”. Lodha said after completion ofnew plant, total cement […]

Construction work of Shree Cement’s Phase-II of waste heat recovery- based power (WHRB) unit is underway, as learnt by the Projects Today team. Shree Cement is setting up a new unit with a capacity of 6 million tpa at Khapradih village, Simga taluka in Raipur district of Chhattisgarh. The unit will be set up on […]

Kalburgi Cement Company Pvt. Ltd. , a wholly owned subsidiary of VICAT France, has inaugurated 1.2 MTPA bulk cement terminal in Mumbai to cater cement demand of rapidly growing Mumbai Megalopolis. This terminal is inaugurated by Mr. Guy Sidos, VICATGroup Chairman and CEO in presence of Mr. Markus Oberle , Chairman-VICAT INDIA and Mr. Anoop […]

Aditya Birla Group firm UltraTech today said it has received an approval from the fair trade regulator Competition Commission for acquisition of the cement business of Century Textiles and Industries. Company said the CCI has given its approval for the share swap deal between the companies, Ultratech said in a regulatory filing. On May 20, […]