Connect with us

Concrete

Mines Department Earns A Record Rs 46,000 Crore From Limestone Auctions

Published

on

Shares

During the 50-year lease, the mines department auctioned four limestone blocks, collecting a record sum of Rs 46,000 crore.

This is one of the greatest auction receipts in the country after the MMDR Act was amended in 2015. The mineral blocks, two in Nagaur and two in Jhunjhunu, received a premium of 185%.

Subodh Agarwal, assistant chief secretary for mines and petroleum, stated that the auctions took place between January 24 and 28. He stated that Dalmia Cement won the bid providing a premium of 192 percent against a reserve price of 51.50 percent for the Parshuram Gothra East block encompassing 460 hectares in Jhunjhunu.

The block is expected to hold 158 million tonnes of limestone deposits. During the 50-year lease, the state would get Rs 13,243 crore in revenue, in addition to Rs 1,419 crore in royalty, DMFT, and other contributions. According to Agarwal, this is the highest premium obtained at any auction in the country. The state will get revenues of Rs 3,277 crore from the Nagaur block. Pamod Jain Bhaya, mines and petroleum minister, said the record premiums are the result of a transparent auction conducted on the portal of the central government.

Image Source: Google Images

Concrete

CCU testbeds in Tamil Nadu

Published

on

By

Shares



Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

Continue Reading

Concrete

JSW Cement gears up for IPO

Published

on

By

Shares



JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

Continue Reading

Concrete

Cement industry to gain from new infrastructure spending

Published

on

By

Shares



As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds

    This will close in 0 seconds