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Dalmia Bharat buys Adhunik Cement for Rs 560 cr

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With the acquisition of Rs 560-crore Adhunik Cement, Dalmia Bharat Enterprises is set to strengthen its presence in the North East. Dalmia is also a cement manufacturer. This is Dalmia Bharat’s second acquisition in the region after it took a 50 per cent stake earlier this year in Calcom of Assam.Dalmia Bharat hopes to establish over 3.5 million tonne of production capacity in the region where the demand is estimated at about 6 million tonne a year and growing at a healthy 12-15 per cent, says Puneet Dalmia, Managing Director.
The company has announced on the NSE that its subsidiary Dalmia Cement (Bharat) has signed a definitive agreement to buy the entire share capital of Adhunik Cement in Meghalaya for Rs 560 crore. Adhunik operates a 1.5 million tonne a year cement plant, which is one of the largest in the North East.Dalmia said it is operating at about 40 per cent capacity. The acquisition is to be funded through internal accruals and reserves. Dalmia Bharat’s other acquisition in the region, Calcom, has an 8,00,000 tonne a year cement plant which is to be expanded to about 2 million tonne a year.The company’s two acquisitions in the North East mean an equity exposure of over Rs 800 crore and an additional Rs 1,000 crore in the form of debt and other liabilities.

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.

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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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