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Industry News Govt plans to sell six cement plants of CCI

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The Union government has revived a plan to sell factories of Cement Corporation of India. The government-owned firm will now put up for sale six out of its ten cement plants-one each in Madhya Pradesh, Karnataks, Haryana, Delhi and two in Chhattosgarh.The six plants have been referred to the Board of Industrial and Financial Reconstruction (BIFR) and the Board has constituted an asset sale committee to arrive at a valuation for the six plants. The asset sale committee is reportedly headed by chairman of IFCI. IFCI has mandated SBI Capital markets to find buyers for the six plants, which have remained closed for about a decade. The value of the six plants is estimated at Rs 1,700 crore. There have been attempts in the past to revive the six sick cement plants in 2006. The revival package had envisaged waiver of the interest on government loans, shutting CCI’s ailing units and converting its loans into redeemable preference shares. However, the government has now decided to sell of the six plants.According to CCI, the process of fixing the reserve price and finding the buyers will be done in about two months. Earlier in 2008, the government had asked for bids for sale, but the prices quoted by the bidders were too low and were therefore rejected by CCI. The total production capacity of the six cement plants is 2.65 mn tones per year. CCI employes ab988 people and its three operational plants have a total capacity of 1.4 mn tones per annum.

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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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