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Nuvoco Vistas to invest Rs.1,500 cr in 2.18 mtpa clinker plant

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Nuvoco Vistas plans to invest $1.500 billion on a 2.18 million tonne per annum clinker facility.

Nuvoco Vistas Corp, India’s fifth largest cement firm, proposes to invest Rs 1,500 crore in Kalaburagi (previously known as Gulbarga) in Karnataka to build a greenfield project with a clinker capacity of 2.18 million tonnes per annum (mtpa). The corporation aims to break ground on the project in the coming fiscal year, according to a statement released on Thursday. It already has a limestone mine on the property, and the new facility will allow it to expand its presence in western and central India. Apart from that, Nuvoco would invest Rs 400 crore to upgrade its blending unit in Bhiwani, Haryana, to a grinding unit, increasing capacity by 2.4 mtpa. The company is well positioned to ride the long-term growth trajectory, according to Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas, with cement demand expected to expand at a CAGR of 6-7 per cent by FY26.

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Concrete

CCU testbeds in Tamil Nadu

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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.

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JSW Cement gears up for IPO

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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.

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Cement industry to gain from new infrastructure spending

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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.

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