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Cement cos among 42 firms see regular hike in FII

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Shareholding patterns of listed companies announced so far till July 16 showed that there are at least 42 companies that have reported a consistent hike in stakes by foreign institutional investors (FIIs) each time in the past four quarters.The list includes Nifty companies such as ITC, TCS, ACC, Ambuja Cements and Kotak Mahindra Bank.Share movement on these counters showed that 25 of the total 42 companies managed to outperform the NSE benchmark Nifty, which gave a negative return of 6.53 per cent between July 1, 2011 and June 29.Among the list, TCS, where FIIs had 12.80 per cent stake at the end of June 30, 2011, has seen consistent FIIs flows and at the end of June 30. The total FII holding in the IT major stood at 14.64 per cent. Cement makers ACC and Ambuja Cements have seen a similar trend.FIIs stake in ACC from 15.23 per cent in April-June 2011 quarter to 16.19 per cent in the July-September 2011 quarter, which further increased to 17.35 per cent and 18.25 per cent in the subsequent two quarters. At the end of April-June quarter, FIIs held 18.27 per cent stake in the company.

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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