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

UltraTech Cement boosts capacity with new clinker line

Published

1 week ago

April 21, 2025

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UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

1 week ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

1 week ago

April 21, 2025

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Dalmia Bharat has successfully achieved its FY25 production capacity target of 49.5 million tonnes per annum (MTPA). This milestone was reached following the commencement of commercial production at its Rohtas Cement Works (RCW) in Bihar, where an additional 0.5 MTPA capacity has been added from March 30, 2025.
The expansion, which involved an investment of `96 crore, boosts the Rohtas plant’s total capacity to 1.6 MTPA. This development underscores the company’s continued focus on strengthening its presence in eastern India and aligns with its long-term goal of scaling total capacity to between 110 and 130 MTPA by the year 2031.
Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, shared, “The Eastern region holds immense promise, and this expansion is a reflection of our commitment to contribute meaningfully to its infrastructure growth. Reaching the 49.5 MTPA mark is a key step in our journey towards sustainable and strategic expansion.”