Economy & Market

Binani Cement, Gujarat government sign MoU

Published

15 years ago

January 2, 2011

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Binani Cement has signed an agreement worth Rs 4,200 crore with the Gujarat government to set up a 610 MW power plant, a cement factory and a captive jetty. The agreement was signed during the Vibrant Gujarat Summit. In the 2009 edition of the Vibrant Gujarat Summit, the company had inked an agreement to build a cement factory of 2.5 mtpa capacity. During the current summit, the company has signed a deal for another unit of 2.5 mtpa capacity, taking the total capacity to 5 mtpa. The cement plant is planned to be located in Junagadh and would manufacture both ordinary Portland cement and Pozzolona Portland cement in equal ratio. The 610-MW thermal power plant would be built in three phases, starting with an initial capacity of 110 MW with two subsequent expansions of 210 MW each. The company has also signed an agreement with the Gujarat Maritime Board to set up a jetty having 10 mtpa, which is also expected to be completed in three phases.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

7 days ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.