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OCL takes shape

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Restructuring for the creation of OCL India is currently pending court approval. In March 2016, Dalmia Bharat group undertook restructuring to consolidate its eastern India cement businesses with 9.3 million tonne capacity into Odisha Cement. This was done through a scheme of arrangement between OCL Ltd., the listed entity, Dalmia Cement East Ltd. and promoter entities allied to the cement businesses. The scheme of arrangement is pending approval from the various High Courts. Upon approval, the company proposed to rename ODCL as OCL India Ltd. and list on the BSE and NSE. This process is expected to be completed in the next six months.

ODCL will have to issue one share of the company of Rs 10 face value for every one of Rs 2 face value held by the shareholder of OCL India, according to the scheme of arrangement and documents disclosed on the company’s website. This transaction gives ODCL (post scheme of amalgamation) an equity value of Rs 5,640 crore. Growth And Market Share The group has boosted its cement capacity at a compounded annual growth rate of 35 percent since the financial year 2005-06. From 1.2 million tonnes in 2006, the company’s capacity has risen to 25 million tonnes by March 2016. 52 percent of its capacity is in eastern India, while 42 percent is in southern India. It has a 12.9 million tonne capacity in eastern India, thereby making it the largest player in that region with 14 percent market share. The company has 12.1 million tonne capacity and 7 percent market share, making it one of the top five firms in the market. Since 2012, the company made four acquisitions, all in the eastern market.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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