Swiss major Holcim has increased its stake in Ambuja Cements by around 4 per cent in the last couple of months to over 50 per cent through open market transactions. It has been noticed that ever since Holcim picked up stake in Ambuja Cements, it has been increasing its holdings in the firm. And during the last couple of months, Holcim has picked up an additional 4 per cent stake in Ambuja taking its total equity holding to over 50 per cent. The shares, thus accumulated were bought through open market transactions. The global cement major Holcim had in 2006 acquired the management control of Ambuja Cements, founded by Narotam Sekhsaria in 1983 with a partner, Suresh Neotia. Gradually, it increased its stake to 46 per cent towards the end of 2007. Holcim also controls ACC. ACC and Ambuja Cements together have 52 million tonne per annum or around 20 per cent of India’s total cement installed capacity. ACC has 27 million tonne per annum and Ambuja Cements 25 million tonne per annum capacity in 2010. Work is on at ACC to increase the capacity to 30 million tonne per annum by the middle of the current year and at Ambuja Cements to 27 million tonne per annum within 2011.
Sustainable solutions by Ambuja Cement, ACC
Ambuja Cement and ACC the cement and building material companies of the diversified Adani Group announced solutions to an array of customer concerns while keeping environment sustainability at its core. Examples of this are the concrete mix proportioning solution; designed to optimise the proportions of aggregates, sand and water in concrete mixes considering their unique properties. This helps the company optimise the resources thereby minimising wastage. The company also developed an in-house modular curing solution, also known as zero-water curing. This technique helps concrete slab curing without excessive use of water. This has helped save about 39 million litres of water across multiple sites.
Fornnax adds 430HP secondary shredder to it’s R-series line-up
Fornnax technologies showcased the R4000-HD tyre shredder at the IFAT expo 2023, where the company got a platform to interact with industry professionals from domestic as well as overseas markets and demonstrate the technological prowess of their machine. The R4000-HD is a powerful machine designed to make secondary shredding and steel separation more efficient and profitable.
The machine saves electricity and man-power and due to its design features it is built to make maintenance procedures easier and also lower the wear and tear to the equipment, thus lowering operating cost. It can process various materials from types, cables, e-waste and aluminium scrap. It is built to last 20-25years. With all its features and sturdy built, it is one of the most powerful secondary shredding machines in the industry.
Udaipur Cement Works Limited doubles its clinker capacity
A subsidiary of the well known JK Lakshmi Cement Ltd., Udaipur Cement Works Ltd. (UCWL) recently announced the expansion of its clinker facility taking its current capacity from 1.5MTPA to 3 MTPA at Udaipur. The company, by the end of financial year 2023-24, plans to exceed twice the current capacity from 2.2 MTPA to 4.7 MTPA. The capacity expansion has been funded through a mix of equity and debt; the company recently successfully completed its rights issue of INR 450 crores.
They have two brands under their portfolio ‘Platinum Heavy Duty Cement’ and ‘Platinum Supremo Cement’.
Also known for their commitment to renewable energy and environment sustainability, they have the first and only of it’s kind floating solar power plant of 1MWp at it’s mines, fulfilling 50% of their electricity needs.