Economy & Market

JSW dismisses reports on Odisha-based Shiva Cement acquisition

Published

9 years ago

October 31, 2016

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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."

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

11 hours ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

11 hours ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

11 hours ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.