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

admin

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.

Image Source

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

Up Next

ACC records consolidated net profit of Rs 1,430 cr in FY21

Don't Miss

Pidilite joins GCP to offer best waterproofing solutions in India

Concrete

UltraTech Cement FY26 PAT Crosses Rs 80 bn

Company reports record sales, profit and 200 MTPA capacity milestone

Published

15 hours ago

April 29, 2026

admin

UltraTech Cement reported record financial performance for Q4 and FY26, supported by strong volumes, higher profitability and improved cost efficiency. Consolidated net sales for Q4 FY26 rose 12 per cent year-on-year to Rs 254.67 billion, while PBIDT increased 20 per cent to Rs 56.88 billion. PAT, excluding exceptional items, grew 21 per cent to Rs 30.11 billion.

For FY26, consolidated net sales stood at Rs 873.84 billion, up 17 per cent from Rs 749.36 billion in FY25. PBIDT rose 32 per cent to Rs 175.98 billion, while PAT increased 36 per cent to Rs 83.05 billion, crossing the Rs 80 billion mark for the first time.

India grey cement volumes reached 42.41 million tonnes in Q4 FY26, up 9.3 per cent year-on-year, with capacity utilisation at 89 per cent. Full-year India grey cement volumes stood at 145 million tonnes. Energy costs declined 3 per cent, aided by a higher green power mix of 43 per cent in Q4.

The company’s domestic grey cement capacity has crossed 200 MTPA, reaching 200.1 MTPA, while global capacity stands at 205.5 MTPA. UltraTech also recommended a special dividend of Rs 2.40 billion per share value basis equivalent to Rs 240.

Concrete

Towards Mega Batching

Optimised batching can drive overall efficiencies in large projects.

Published

2 days ago

April 28, 2026

admin

India’s pace of infrastructure development is pushing the construction sector to work at a significantly higher scale than previously. Tight deadlines necessitate eliminating concreting delays, especially in large and mega projects, which, in turn, imply installing the right batching plant and ensuring batching is efficient. CW explores these steps as well as the gaps in India’s batching plant market.

Choose well

Large-scale infrastructure and building projects typically involve concrete consumption exceeding 30,000-50,000 cum per annum or demand continuous, high-volume pours within compressed timelines, according to Rahul R Wadhai, DGM – Quality, Tata Projects.

Considering the daily need for concrete, “large-scale concreting involves pouring more than 1,000–2,000 cum per day while mega projects involve more than 3,000 cum per day,” says Satish R Vachhani, Advanced Concrete & Construction Consultant…

To read the full article Click Here

Concrete

Andhra Offers Discom Licences To Private Firms Outside Power Sector

Policy allows firms over 300 MW to seek distribution licences

Published

3 days ago

April 27, 2026

admin

The Andhra Pradesh government will allow private firms that require more than 300 megawatt (MW) of power to apply for distribution licences, making the state the first to extend such licences beyond the power sector. The policy targets information technology, pharmaceuticals, steel and data centres and aims to reduce reliance on state utilities as demand rises for artificial intelligence infrastructure.

Approved applicants will be able to procure electricity directly from generators through power purchase agreements, a change officials said will create more competitive tariffs and reduce supply risk. Licence holders will use the Andhra Pradesh Transmission Company (APTRANSCO) network on payment of charges and will not need a separate distribution network initially.

Licences will be granted under the Electricity Act, 2003 framework, with the Central and State electricity regulators retaining authority over terms and approvals. The recent Electricity (Amendment) Bill, 2025 sought to lower entry barriers, enable network sharing and encourage competition, while the state commission will set floor and ceiling tariffs where multiple discoms operate.

Industry players and original equipment manufacturers welcomed the policy, saying competitive supply is vital for large data centre investments. Major projects and partnerships such as those involving Adani and Google, Brookfield and Reliance, and Meta and Sify Technologies are expected to benefit as capacity expands in the state.

Analysts noted India’s data centre capacity is forecast to reach 10 gigawatts (GW) by 2030 and cited International Energy Agency estimates that global data centre electricity consumption could approach 945 terawatt hours by the same year. A one GW data centre needs an equivalent power allocation and one point five times the water, which authorities equated to 150 billion litres (150 bn litres).

Advisers warned that distribution licences will require close regulation and monitoring to prevent misuse and to ensure tariffs and supply obligations are met. Officials said the policy aims to balance investor requirements with regulatory oversight and could serve as a model for other states.