Concrete

Jaypee to dispose off a few power, cement assets

Published

12 years ago

November 9, 2013

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To trim its debt, Jaypee Group is expected to sell some of its power and cement assets. The company is likely to sell equity in two of its hydro power projects and is in discussion with some players, sources said. Reports say that gross debt of Jaypee Group stood around Rs 64,000 crore as on March 31, 2013.

According to reports, Abu Dhabi Water & Electric Authority (ADWEA) is likely to acquire two hydro-power projects in Himachal Pradesh from the company. The company may sell equity in its 300 mw Baspa II and the 1,000 mw Karcham Wangtoo project in Himachal Pradesh. It is also operating a 400 mw hydro power project at Vishnuprayag in Uttarakhand.

The company may soon sell 31 per cent of its equity in the Gujarat cement plant, the sources said. Aditya Birla Group’s flagship Ultratech Cement is at an advanced stage of negotiation with Jaypee Cement Corporation to acquire a 31 per cent stake in its 5 mtpa (million tonne per annum) Gujarat facility for about Rs. 4,000 crore, they added.

Diversified business conglomerate Jaypee Group is working on increasing its cement capacity to 36 mtpa by the end of the current fiscal year and is evaluating various locations to take it to 50 mtpa capacity over the next five years.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

6 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

6 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

6 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.