Connect with us

Concrete

ArcelorMittal intends to acquire Holcim’s stake at over $10 bn

Published

on

Shares

Holcim owns 63%, 50.02% stakes in Ambuja Cement, ACC, respectively

The stake of Holcim Group in Ambuja Cement and ACC Cement combined has intensified, with ArcelorMittal showing interest in acquiring the asset valued at over $10 billion.ArcelorMittal emerged as a formidable contender in Holcim Group. Its entry into the cement business will enable ArcelorMittal to establish brand recognition in India and complement the steel business.Holcim can extract a premium from the new entrants into the cement business as it will make it the second-largest producer in India.Ambuja Cement and ACC have a combined production capacity of 66 million tonnes per annum (mtpa), which will increase to 80 mtpa after completing the ongoing expansion projects.Holcim holds a 63% stake in Ambuja Cement and a 50.05% stake in ACC.Since September, Holcim has been selling its non-core assets and divested its Brazilian unit for $1 billion.Ambuja Cement reported a 30% decline in the March quarter, with net profit at Rs 856 crore, compared to Rs 1,228 crore, even as its income increased 3% to ₹7,990 crore from Rs 7,812 crore.The net profit of ACC was down by 30% to ₹396 crore from Rs 563 crore, while its net sales increased by 3% to Rs 4,322 crore from Rs 4,213 crore.ArcelorMittal is competing with other firms, including Adani Cement and JSW Group, for acquiring Holcim stakes. Other players are UltraTech Cement and Shree Cement.JSW Group has offered $4.5 billion in its own equity share and $2.5 billion jointly with private equity partners.ArcelorMittal, with the acquisition of Essar Steel assets, has been bullish on investment in India. This year in March, it entered into a strategic partnership with Greenko Group to develop a 975 MW renewable energy project at Rs 4,570 crore in Andhra Pradesh.This project is estimated to complete in two years. After completion, it will provide uninterrupted green energy to ArcelorMittal Nippon Steel (AM/NS) India for 25 years.

Image Source


Also read: Holcim Group to sell Ambuja Cement and ACC Ltd

Concrete

Dhanekula Institute Signs MoU with Adani Cement

Agreement to expand internships, industrial visits and practical learning

Published

on

By

Shares



The Department of Civil Engineering at Dhanekula Institute of Engineering & Technology, Ganguru, organised an industrial interaction programme under the Adani FutureX Programme on Thursday. The programme focused on strengthening engagement between the institute and the cement industry while giving students greater exposure to professional practices.

Yedukondalu, technical head for Andhra Pradesh and Telangana at Adani Cement, delivered a technical lecture on concrete as a man-made material. The session covered the importance of concrete in construction, its properties and applications, and its significance in modern infrastructure development.

The lecture also addressed the role of quality cement and suitable concrete technology in supporting durable and sustainable construction. The discussion connected classroom learning with the technical considerations involved in infrastructure projects and construction practices.

A key part of the programme was the signing of a memorandum of understanding (MoU) between the Department of Civil Engineering and Adani Cement under the Adani FutureX Partnership Agreement. The agreement is intended to strengthen industry-academia collaboration through opportunities for student internships and industrial visits.

The initiative is expected to provide students with practical exposure, improve their understanding of industrial practices and help bridge the gap between theoretical knowledge and real-world applications. Dhanekula Institute Chairman Dhanekula Ravindranath Tagore, Secretary Dhanekula Venkata Bhavani Prasad and Director DKRK Ravi Prasad supported the initiative, with the institute leadership highlighting the importance of industry-institution interaction in enhancing students’ technical employability.

Continue Reading

Concrete

JK Lakshmi Cement Begins Rs. 110 bn Assam Plant Project

Project Kamakshi will produce 2.5 mn t of cement annually by FY2029.

Published

on

By

Shares



JK Lakshmi Cement has laid the foundation stone for Project Kamakshi, its first integrated cement manufacturing facility in Assam, marking the company’s entry into Northeast India. The groundbreaking ceremony took place at Umrangso village in Dima Hasao district in the presence of Assam Chief Minister Himanta Biswa Sarma.

The project involves an investment of Rs. 110 bn, including the mining lease. It will have annual cement production capacity of 2.5 mn t and a 1 mn t clinkerisation unit, with completion scheduled for FY2029.

The facility is expected to create more than 2,000 jobs and will primarily serve the growing Northeast market. It will also include dedicated railway sidings for transporting raw materials and finished cement, supporting supply chain reliability and regional distribution.

Chairperson and Managing Director Vinita Singhania said the project represented the beginning of a long-term relationship with Assam and the wider Northeast. She said the plant would help provide locally produced cement, employment and dependable supplies as the region’s infrastructure development accelerated, while enabling the company to grow alongside the communities it serves.

The investment supports JK Lakshmi Cement’s strategy of expanding into high-growth markets beyond its established presence in Northern, Western and Eastern India. The company expects the project to contribute to regional economic development and infrastructure growth while pursuing its long-term objective of achieving net-zero emissions by 2047.

Continue Reading

Concrete

Kshatriya Engineering College Signs MoU with Adani Cement

Agreement to provide students with industrial exposure and training

Published

on

By

Shares



The civil engineering department of Kshatriya Engineering College in Nizamabad has signed a memorandum of understanding (MoU) with Adani Cement to provide students with industry-oriented training and practical exposure. The agreement is intended to connect classroom learning with workplace requirements in the construction sector.

Under the partnership, students will receive opportunities to take part in industrial visits and internships. The arrangement will also include guest lectures by industry experts and guidance on live projects, allowing students to gain first-hand understanding of industry practices and emerging construction technologies.

College secretary and correspondent Aljapur Devender said the initiative was designed to bridge the gap between academic instruction and industry expectations. He said the collaboration would help students develop practical skills and improve their employment prospects after completing their studies.

Principal Dr Katakam Srinivas said exposure to industrial practices was important for civil engineering students and would complement their academic learning. He said the MoU would support the development of their technical knowledge and confidence through greater familiarity with professional work environments.

Administrative officer B. Narender said the collaboration would familiarise students with modern construction technologies, quality standards and project management practices. Civil engineering department head N. Deepika said the agreement would help students understand recent developments in the construction sector and prepare for professional careers. The college said the partnership would give learners a broader view of the processes and standards followed in the industry, while helping them relate their academic studies to practical project requirements.

Continue Reading

Video Thumbnail
â–¶

    SIGN-UP FOR OUR GENERAL NEWSLETTER

    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