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Adani Group and JSW to buy smaller cement units

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Adani group is set to announce its second acquisition in the cement sector of Jaypee Group’s cement assets at an enterprise valuation of Rs 5,000 crore. India Cements has sold its Madhya Pradesh (MP) limestone mine and land for Rs 477 crore to Sajjan Jindal-owned JSW Cement.

Jaypee Group, including its subsidiary JPVL, has an installed cement capacity of 10.55 mtpa and 339 megawatts of captive power. A larger part of Jaypee’s cement business was earlier acquired by UltraTech in a deal worth over Rs 16,000 crore (22.4 million tonnes per annum, or mtpa, capacity) in 2016. JSW plans to touch 25 mtpa of cement capacity by 2024-25, from 17 mtpa. The consolidation in the cement sector has picked up pace with Adani and JSW groups closing in on smaller rivals.

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UltraTech Cement boosts capacity with new clinker line

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UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

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Ambuja Cements gets a new CEO

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Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

 

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Concrete

‘Sabse Khaas Pehelwan’ by Nuvoco

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Nuvoco Vistas Corp has introduced Nuvoco Duraguard Cement ‘Sabse Khaas Pehelwan’, a one-of-a-kind wrestling championship aimed at honouring and nurturing Haryana’s proud wrestling legacy. The initiative offers budding wrestlers an opportunity to compete at a professional level, gain visibility and represent their districts in a prestigious state-wide competition. ‘Seedhi Baat Hai, Duraguard Khaas Hai’ is aligned with Nuvoco’s brand philosophy.

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