Economy & Market

India Cements to consolidate its assets

Published

11 years ago

May 31, 2014

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India Cements is planning to merge with its subsidiary Trinetra Cement and Trishul Concrete Products to consolidate its cement operations. ?We will get the benefit of profitability of Trinetra and improve the performance of India Cements,? said N Srinivasan, Vice Chairman and Managing Director, India Cements. India Cement owns 61.22 per cent stake in Trinetra Cement of the current paid up capital of Rs 447 crore through the wholly owned subsidiary India Cement Financial Services.

With this merger the total capacity of India Cements will reach 15.8 million tonnes. India Cements has seven integrated cement plants in Tamil Nadu and Andhra Pradesh, one in Rajasthan (through its subsidiary, Trinetra Cement) and two grinding units, one each in Tamil Nadu and Maharashtra.

The company will also be selling large portions of land near their plants in Tamil Nadu and Andhra Pradesh over next 12 months, with an estimated value of Rs 1,000 crore. ?We have identified lands but the valuation is poor and buyers are not available,?said Srinivasan. The company is now looking at developing real estate projects, through its real estate division.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week 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

1 week 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.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week 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.