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Karur KCP to raise Rs 50 crore via GDR

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Karur KCP started in 1961 by K C Palanisamy would raise Rs 50 crore via GDR. The company manufactures and supplies packing materials for Indian cement companies and also exports its products to US, Europe and SAARC countries. For Q3 of FY2011, the company reported revenue of Rs 92.56 crore as compared to Rs 77.83 crore in Q3 of FY2010. Its PAT declined from Rs 3.19 crore in Q3 of FY2010 to Rs 2.54 crore in Q3 of FY2011. Karur KCP may indirectly benefit from the future demand of the cement market. In 1996, the company started manufacturing a special packaging paper called extensible sack kraft paper (ESKP) with an international technology called CLUPAC. The unit has surpassed the CLUPAC standards in quality. In 1986, the company started manufacturing stitched paper bags and with imported ‘Bottomer Machine’ from Japan. The company has six latest tuber machines and four bottomer machines for producing fine quality paper bags with minimum manpower.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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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/

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