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Cemex-Murli deal hits roadblock

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The deal between Cemex and Murli industries could not be materialise, the reason being higher valuations sought by Murli Industries. Murli has an existing capacity of 3 mtpa (mtpa) at Chandrapur in Maharashtra and limestone reserves for the same, which it hopes to sell off. The company was in talks with Ambuja Cements and Italicementi for sale of the assets before Cemex entered the scene."Earlier, Murli was in talks with Ambuja. It was asking for $250 per tonne and after the third round of discussions, Ambuja walked away. Later, Italicementi did due diligence, but nothing worked out. Finally, they have been talking to Cemex. Murli has already rejected what Cemex has offered in the last four rounds of talks, so it is unlikely Cemex will take this deal seriously. "Nothing is happening in the deal as of now," a source said, requesting anonymity.Murli Industries has been recently barred from market trading by the Securities and Exchange Board of India for allegedly violating guidelines and accused the promoter of colluding with broker to manipulate share prices.Contact:Murli Industries LtdTel: 0712-268 3000/305 0000Fax: 0712-268 4422Email: info@murliindustries.com

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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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