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JSW dismisses reports on Odisha-based Shiva Cement acquisition

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JSW Cement, part of the $11 billion JSW Group, has dismissed reports of acquisition of Odisha-based Shiva Cement, saying there was "no true element" in it.
"We have nothing on the Shiva deal. There is no true element," JSW Cement Ltd Director and CEO, Anil Kumar Pillai told reporters.
He was replying to a query on reports that JSW Cement was negotiating a buyout of Shiva Cement.
Talking about the company’s future plans after unveiling the Heavy Duty Concreel HD Cement, he said JSW is in the process of expanding plant capacities in its various units from 6.80 million metric tonnes to 17 million metric tonnes by 2018 with investments of Rs 2,500 crore.
"Right now, there is expansion of our factory units for 17 million from the current 7 million metric tonnes," the CEO said.
"We are adding 2.40 million tonnes at Vijayanagara facility in Karnataka. Then we are adding 2.40 million metric tonnes in Salboni, West Bengal. (There will be) another 1.20 million tonne expansion in our units near Mumbai and Odisha and also in Mangalore," Pillai said.
The capacity expansion will entail an investment of Rs 2,500 crore. "Basically, these are grinding units. We will be importing the clinkers. The investment (of Rs 2,500 crore) will be a mix of equity and debt," he said.
Pillai also said that by 2018, the company, a dominant player in south India, would have total capacity of 17 million metric tonnes.
Asked if the company planned to be a pan-India player in the backdrop of rapid expansion, he said, "We want to become a south- and east-centric player. With expansion, we will be serving parts of the west. If there is opportunity, we will enter the northern market."

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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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