Concrete

JSW Group prepared with $11 billion to take over Holcim India

Leading firms such as Adani Group are also competing in this battle

Published

4 years ago

April 30, 2022

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The battle to buy a majority share in Holcim Group’s cement companies in India has become intense, with JSW Group lining up plenty of private equity firms and lenders to help finance the transaction. The decision comes after the Adani Group, led by billionaire Gautam Adani, reached a similar agreement with several international lenders.

According to media sources, JSW Group has received commitments for funding of up to $11 billion from private equity companies and lenders. Carlyle Group, Advent International, Apollo Private Equity Investment, and others had expressed interest in bidding for Holcim’s twin properties, Ambuja Cements and ACC, in a combined bid.

The media sources revealed that many Indian and global lenders have offered help in the form of loans if needed.

About five large private equity firms have shown interest in the purchase, and assurances from seventy-eight banks and other institutions are also on the table.

Many of the bidders’ teams have already arrived in Zurich, anticipating the submission of the proposal’s final outlines.

The offer amount is now estimated to be about $10 billion, but with so many contenders in the mix, it might potentially reach to $13 billion.

Ambuja Cements has a 31.45 million tonne per annum (mtpa) installed capacity, with the retail segment accounting for over 80% of sales.

ACC, for its part, has a cement manufacturing capacity of 34.45 mtpa, bringing the overall production capacity of these enterprises to 65.9 mtpa.

JSW Group planned to boost its installed capacity to 25 mtpa by FY24, from 16 mtpa at the end of March. If the deal goes through, the group would become the country’s second largest cement producer, with a total capacity of 81.9 mtpa.

The same is for Adani Group, which does not have a cement business but is reported to be exploring into it.

Holcim owns 63.1% of Ambuja Cements and 4.48% of ACC, whereas Ambuja, Holcim’s flagship firm in India, owns 50.05% of ACC.

Ambuja Cements has a market capitalization of Rs 76,159.42 crore, whereas ACC has a market capitalization of Rs 44,672.71 crore. The combined market capitalization of the two firms is Rs 1.21 trillion. If signed, the agreement would be one of the country’s largest.

With a manufacturing capacity of 550 mtpa, India is the world’s second-largest cement manufacturer, accounting for around 8% of global cement output.

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Also read: ACC-Ambuja: Know about the cement industry?s most anticipated bidding

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Concrete

Ultra Concrete Age

Prof. A. S. Khanna (Retd., IIT Bombay) on how Ultra-high performance concrete (UHPC) improves strength, durability and lifecycle performance.

Published

1 week ago

April 1, 2026

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The need of present time is stronger buildings, industrial or common utility buildings, such as Malls, Railway stations, hospitals, offices, bridges etc. For this, there is need of long durable, tough and stable concrete, which could stand under normal and seismic conditions. Tough railway bridges are required for bullet trains to pass without any damage. Railway tunnels, sea-links, coastal roads, bridges and multistorey buildings, are the need of the hour. The question comes, is the normal cement called OPC is sufficient to take care of such requirements or better combination of cements and sand mixtures is required?

Introduction

A good stable building structure can be made with a good quality of cement+sand+water system. Its quality can be enhanced by keeping the density of admixture higher (varies from 30 in normal buildings to bridges etc to 80). Further enhancement in the properties of various cements admixtures is made by adding several additives which give additional strength, waterproofing, flexibility etc. These are called construction chemicals…

To read the full story Click Here

Concrete

NCB Signs MoU With Cement Manufacturer To Boost Construction Skills

Partnership to deliver nationwide training and certification

Published

1 week ago

March 31, 2026

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The National Council for Cement and Building Materials (NCB) has signed a memorandum of understanding with a leading cement manufacturer to strengthen skill development and capacity building in the construction sector. The agreement was formalised at NCB premises in Ballabgarh and was signed by the Director General of NCB, Dr L. P. Singh, and the head of technical services at UltraTech Cement Limited, Er Rahul Goel. The collaboration seeks to bring institutional resources and industry expertise into a structured national training effort.

The partnership will deliver structured training and certification programmes across the country aimed at enhancing the capabilities of civil engineers, ready?mix concrete (RMC) professionals, contractors, construction workers and masons. Programme curricula will cover material quality testing, concrete mix proportioning, durability assessment and sustainable construction practices to support improved construction outcomes. Emphasis is to be placed on standardised assessment and certification to raise practice levels across diverse construction roles.

Practical learning elements will include workshops, site demonstrations, technical seminars and exposure visits to plants and RMC facilities to strengthen applied skills and on?site decision making. The Director General indicated confidence that a large number of professionals and workers would be trained over the next three to five years under the initiative. The partnership is designed to complement flagship government schemes such as the Skill India Mission and to align training outputs with national infrastructure priorities.

By combining the council’s technical mandate with industry experience, the initiative aims to develop a more skilled and quality?conscious workforce capable of meeting rising demand in infrastructure and housing. NCB will continue to coordinate programme delivery and quality assurance while industry partners provide practical exposure and technical inputs. The collaboration is expected to support long?term capacity building and more sustainable construction practices nationwide.

Concrete

JSW Cement Commissions Nagaur Plant, Enters North India

New Rajasthan unit boosts capacity to 24.1 MTPA and expands reach

Published

1 week ago

March 30, 2026

admin

JSW Cement has strengthened its national presence by commencing production at its greenfield integrated cement plant in Nagaur, Rajasthan, marking its entry into the north Indian market.

With this commissioning, the company’s installed grinding capacity has increased to 24.1 MTPA, while total clinker capacity, including its joint venture operations, stands at 9.74 MTPA.

The Nagaur facility comprises a 3.30 MTPA clinkerisation unit and a 2.50 MTPA cement grinding unit, with an additional 1.00 MTPA grinding capacity currently under development. Strategically located, the plant is positioned to serve high-growth markets across Rajasthan, Haryana, Punjab and the NCR.

The project has been funded through a mix of equity and long-term debt, with Rs 800 crore allocated from IPO proceeds towards part-financing the unit.

Parth Jindal, Managing Director, JSW Cement, stated that the commissioning marks a key milestone in the company’s ambition to become a pan-India player. He added that the project was completed within 21 months and positions the company to achieve its targeted capacity of 41.85 MTPA by FY29.

Nilesh Narwekar, CEO, JSW Cement, highlighted that the expansion aligns with the company’s strategy to tap into rapidly growing northern markets driven by infrastructure development. He noted that the company remains focused on delivering high-quality, eco-friendly cement solutions while progressing towards its long-term capacity goal of 60 MTPA.

The Nagaur plant has been designed with sustainability features, including co-processing of alternative fuels and a 7 km overland belt conveyor for limestone transport to reduce road emissions. The facility will also incorporate a 16 MW Waste Heat Recovery System to improve energy efficiency and lower its carbon footprint.

JSW Cement, part of the JSW Group, operates across the building materials value chain and currently has eight plants across India, along with a clinker unit in the UAE through its joint venture.