Economy & Market

CVCI in fray for Rs 400 cr Shriram cement stake

Published

13 years ago

August 29, 2012

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After other private equity firms opted to be out of the fray, Citi Venture Capital International (CVCI) is holding talks to invest Rs 400 crore in the cement unit of the diversified southern conglomerate Shriram Group.The $9-billion Shriram Group initiated the process to sell stake in Sree Jayajothi Cements in which it acquired 70 per cent stake earlier this year following conversion of loans into equity. Private equity biggies like Blackstone, Kohlberg Kravis Roberts & Co and Mount Kellet had shown initial interest, but CVCI appears to be the investor in serious discussions.Sources said that CVCI team, which manages India investments, has had detailed discussions with Shriram on the possible deal. It still has not reached a definite stage, the sources added. CVCI is an emerging markets focused private equity group that invests behind entrepreneurs and business families. It recently invested Rs 764 crore in an arm of Mumbai-based holiday maker Cox & Kings.

Concrete

Cement industry to gain from new infrastructure spending

Published

8 hours ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

8 hours ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 day ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.