Concrete

My Home?s cement capacity to touch 10 MT

Published

9 years ago

August 31, 2016

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Rs 240-cr Tuticorin plant to go on stream in January
My Home Industries, one of the largest conglomerates based in Telangana with interests in cement and real estate, is set to increase its cement production capacity to 10 million tonnes (MT).

Its 1.5-MT plant in Tuticorin, Tamil Nadu, is expected to be commissioned in January 2017.

My Home, with its "Maha Cement" brand, became a major player in the sector with the acquisition of the 3.2-MT cement plant of Sree Jayajyothi in Kurnool, Andhra Pradesh, from Shriram EPC in 2013 for around Rs 1,400 crore.

The plant was facing a Rs 680-crore loss and heading to BIFR. My Home infused around Rs 700 crore in equity. The 100 per cent subsidiary has since been turned around, and it logged a Rs 124-crore profit last fiscal.

My Home is now looking to break into the big league. "We want to go in for acquisitions in north, central and western India to further increase the capacities," said J Rameswar Rao, founder Chairman of the Rs 5,000-crore, zero-debt, cash surplus group. The port-based Tuticorin plant will see an investment of Rs 240 crore. Once it starts production, the company?s access to both the southern and eastern markets will considerably increase.

Privately-held My Home currently has two integrated cement plants ?at Mellacheruvu in Nalgonda district of Telangana and Yanakandla village in Kurnool district. In addition, it operates a grinding unit at Mulakalapalli village in Visakhapatnam district of Andhra Pradesh.

Ready mix concrete
The combined capacity of the three plants is around 8.8 MT per annum. The company also operates two ready mix concrete units.

My Home has a 50:50 joint venture with Ireland-based global construction materials major CRH, under which the cement business is being rapidly expanded in the country. In 2008, CRH had picked up a stake in the Hyderabad-based cement company for Rs 1,837 crore to enter the Indian construction market.

Volatile times
?As far as the cement sector is concerned, we (My Home and CRH) grew together and will grow together,? said Rao.On the market trends, he said the cement sector has seen volatile times, with significant additional capacity coming in.?Growth is likely in Telangana and Andhra Pradesh once all government initiatives like housing and irrigation projects fully take off,? he said, adding that the private sector demand could go up 5-7 per cent, going forward. ?The rollout of GST might give some relief to the cement sector,? he said. At present the tax regime is choking the sector since VAT is 5 per cent on steel but 14 per cent on cement.

Source: Business Line

Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

Published

19 hours ago

March 12, 2025

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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.

Concrete

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

Published

19 hours ago

March 12, 2025

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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.

Concrete

Titan Cement Group enters South Asia

Published

19 hours ago

March 12, 2025

Roshna

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.