Economy & Market

ACC, Ambuja Cements merger not on cards

Published

14 years ago

May 31, 2011

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Holcim, the Swiss cement major has no plans to merge ACC and Ambuja Cements though it owns over 50 per cent in both the companies. Holcim, which had majority stakes in ACC and Ambuja Cements, recently increased its stakes in the two companies through the creeping acquisition route to levels just short of 51 per cent. Holcim’s equity stake in ACC has increased to 50.10 per cent from 48.32 per cent in end-December and in Ambuja Cements to 50.01 per cent from 45.45 per cent. With the holdings little short of the 51 per cent in the companies, there has been speculation that Holcim may merge ACC and Ambuja Cements. However, Holcim stated that it has no intention to merge these companies now. A spokesperson for Holcim said the company is not intending to further raise its stakes substantially in either ACC or Ambuja Cements. Also Holcim will not merge the two group companies but will certainly explore opportunities to further improve its asset footprint and its efficiencies as well as logistics network, the spokesperson said.

Concrete

CCU testbeds in Tamil Nadu

Published

4 days ago

August 12, 2025

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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/

Concrete

JSW Cement gears up for IPO

Published

4 days ago

August 12, 2025

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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.

Concrete

Cement industry to gain from new infrastructure spending

Published

3 weeks 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/