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JSW Cement Aims to Double Capacity, Eyes IBC Acquisitions

JSW Cement plans to double its capacity by acquiring assets through the IBC route.

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JSW Cement, a leading player in the Indian construction sector, is targeting significant growth by doubling its production capacity to 30 million tonnes per annum (MTPA) in the coming years. The company plans to achieve this expansion primarily by acquiring distressed assets through the Insolvency and Bankruptcy Code (IBC) route.

The move aligns with JSW Cement’s strategy to increase its market share in India’s rapidly growing construction and infrastructure sectors. According to a senior company official, JSW Cement is actively looking at opportunities to acquire cement assets that are undergoing insolvency proceedings. These acquisitions are expected to provide the company with a faster route to expand its capacity, while also benefiting from strategic locations and existing infrastructure.

JSW Cement currently operates with a capacity of 16 MTPA, and the company aims to enhance this through both organic growth and strategic acquisitions. The IBC route offers a cost-effective way to acquire existing cement assets, which could be swiftly integrated into JSW’s operations, boosting efficiency and market presence.

The company is also exploring greenfield projects and capacity expansion at its existing plants as part of its long-term growth plan. With India’s cement demand projected to grow significantly in the coming years, JSW Cement’s expansion strategy will enable it to cater to the rising infrastructure needs across the country.

JSW Cement’s focus on capacity growth reflects its commitment to becoming a dominant force in the Indian cement industry, driven by both organic and inorganic expansion.

Concrete

SAIL Supplies 45,000 Tonne of Steel for Mahakumbh Mela 2025

SAIL had previously provided steel for the Mahakumbh Mela in 2013.

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Steel Authority of India (SAIL), a Maharatna and India’s largest steel-making public sector company, has supplied around 45,000 tonne of steel for the upcoming Mahakumbh Mela 2025, which is set to take place in Prayagraj. This total supply includes chequered plates, hot strip mill plates, mild steel plates, angles, and joists. SAIL had previously provided steel for the Mahakumbh Mela in 2013, demonstrating its on-going commitment to supporting this significant public event.

The steel supplied by SAIL will be integral to the construction of various temporary structures required for the smooth and successful execution of Mahakumbh Mela 2025. These structures include pontoon bridges, passageways, temporary steel bridges, substations, and flyovers. The key customers for this steel supply include the Public Works Department (PWD), Uttar Pradesh State Bridges Corporation, the Electricity Board, and their suppliers.

SAIL expressed its pride in contributing steel to such a large-scale event, which also stands as a symbol of the nation’s rich cultural heritage. The company reaffirmed its commitment to supporting national projects that strengthen the country’s infrastructure and promote its cultural and social welfare.

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Tata Steel Reports 8% Rise in India Sales for Q3 FY25

Sales in automotive and special products segment rose 3% to 2.3 mt.

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Tata Steel reported an 8% increase in sales in India for the December 2024 quarter, reaching 5.29 million tonnes (mt), compared to 4.88 mt in the same period last year. The growth was attributed to fresh capacity additions and higher export volumes.
Internationally, sales in the Netherlands grew to 1.53 mt from 1.30 mt, while sales in the UK declined to 0.56 mt from 0.64 mt due to operational changes. In Thailand, sales rose to 0.28 mt from 0.25 mt.
Production in India increased by 6% to 5.68 mt, supported by new capacity at the Kalinganagar facility, which added 5 million tonnes per annum (MTPA) in September. The new blast furnace is currently producing 8,000 tonnes daily and is being ramped up to full capacity. In the Netherlands, production rose to 1.76 mt from 1.19 mt, while UK production ceased as the company transitions to an electric arc furnace for cleaner steelmaking. The UK Government has approved duty-free slab imports for Tata Steel from various countries, including India. Production in Thailand was marginally lower at 0.26 mt compared to 0.27 mt.
Tata Steel also commissioned a Continuous Annealing Line in December, part of the 2.2 MTPA Cold Rolling Mill (CRM) complex at Kalinganagar, with approvals from major original equipment manufacturers (OEMs).
Sales in the automotive and special products segment rose 3% to 2.3 mt. The Tata Tiscon brand, focused on the real estate sector, saw a 20% year-on-year increase in sales, while Tata Steelium, catering to small and medium enterprises (SMEs), reported a 7% rise.
The company’s e-commerce platform for individual home builders, Tata Steel Aashiyana, posted a 37% growth in revenues, reaching Rs 21.54 billion.
Additionally, Tata Steel Netherlands’ liquid steel production included 0.12 mt from the UK operations, according to the company.
(Business Line)

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Brijendra Pratap Singh Takes Charge as NALCO CMD

Previously, Singh was director-in-charge of Burnpur and Durgapur Steel Plant.

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Brijendra Pratap Singh took charge as the chairman-cum-managing director (CMD) of National Aluminium Company Limited (NALCO) at its corporate office here. Prior to joining NALCO, Singh was director-in-charge of Burnpur and Durgapur Steel Plant and a member on the board of SAIL, a statement by NALCO said.

With over 35 years of experience in the mines and steel sectors, Singh’s strategic vision and deep industry expertise have been instrumental in advancing SAIL’s modernisation goals, driving the growth and sustainability of India’s steel sector in alignment with the National Steel Policy, the statement added.

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