Concrete

Andhra threatens to attach properties of cement factory promoted by TDP ex-MP

Published

4 years ago

July 1, 2021

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Telugu Desam Party leader and former Anantapur MP J C Diwakar Reddy?? family had promoted the Trishul Cement Company which has been accused of irregularities in limestone mining.(File Photo)

The Andhra Pradesh mining and geology department has written to the revenue authorities of Anantapur district seeking to invoke the Revenue Recovery Act to attach the properties of Trishul Cement Company, promoted by the family of senior Telugu Desam Party leader and former Anantapur MP J C Diwakar Reddy.

??e have served a notice on the company in May this year imposing a penalty of Rs 100.24 crore for alleged illegal mining of limestone, failing which the government shall invoke the Revenue Recovery Act to attach the properties of the company,??a senior official of the mining and geology department in Anantapur district told HT on condition of anonymity.

In February, the Jagan Mohan Reddy government cancelled the limestone mining lease of Trishul Cement Company located across 649 acres at Konauppalapadu village of Yadiki block in Anantapur, on the charges that company had violated the Minerals Concession Rules.

The mining lease was granted to the company in August 2007 for captive use for a period of 20 years subject to the condition that the company should establish the cement unit within three years. When the factory was not set up even after the deadline, the government had extended the deadline by two more years and later by five more years twice.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 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

4 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

4 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.