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Mangalam Cement Allots 8.03 Lakh Equity Shares

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At its meeting on 14 January 2022, the Board of Mangalam Cement approved the allotment of 8,03,518 fully paid-up equity shares of Mangalam Cement (‘MCL’ or ‘Company’), of face value 10/- each, to eligible shareholders of Mangalam Timber Products (‘MTPL’) (as on the record date of January 06, 2022), in the share exchange ratio of 1: 22 as provided in the Scheme of Amalgamation as approved.

Furthermore, during the process of allotment of shares as per Share Exchange Ratio as provided in the Scheme of Amalgamation, 8814 fully paid-up equity shares of MCL (included within the aforementioned 8,03,518 fully paid-up equity shares) are allotted to Manoj Kumar, Company Secretary of the Company towards fractional entitlements of MTPL shareholders for the benefit of MTPL shareholders.

With the allocation, the Company’s equity share capital has grown to 2,74,97,298 equity shares of Rs. 10 each, for a total of Rs. 27,49,72,980/-.

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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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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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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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