‏إظهار الرسائل ذات التسميات Cement Industry. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Cement Industry. إظهار كافة الرسائل

Bangur Concrete Launches 26th RMC Plant to Power Kolkata’s Infrastructure and Real Estate Boom

Bangur Concrete Launches 26th RMC Plant to Power Kolkata’s Infrastructure and Real Estate Boom

Bangur Concrete, part of the ‘Bangur’ Master Brand of Shree Cement Ltd., has commissioned a new Ready-Mix Concrete (RMC) plant in Baidyabati, Kolkata. With a production capacity of 60 cubic meters per hour, the launch expands the company’s nationwide network to 26 RMC plants.

The Baidyabati plant has been developed to cater to the region’s rising infrastructure, industrial, and real estate needs by delivering reliable, high-quality, and performance-driven concrete. Located strategically within the Hooghly district, the facility is well-positioned to ensure timely supply to key projects across Kolkata and its surrounding growth corridors.

Commenting on the development, Neeraj Akhoury, Managing Director, Shree Cement Ltd., said, “West Bengal is an important market with strong potential in both urban and industrial development. The commissioning of our new Ready-Mix Concrete plant in Baidyabati strengthens our presence in eastern India and reiterates our commitment to supporting the state’s growth ambitions. This facility reflects our focus on providing sustainable, high-quality construction solutions while contributing to India’s infrastructure progress.”



RMC Plant

With the addition of the Baidyabati unit, Bangur Concrete now operates 26 RMC plants across India, each featuring advanced batching systems, stringent quality control, and eco-compliant processes to ensure consistency, efficiency, and operational excellence.

The new facility integrates modern batching technology, optimized material handling, and efficient logistics to accelerate project timelines with lower environmental impact. This expansion reinforces Bangur Concrete’s mission of advancing green construction practices while supporting India’s transition towards a low-carbon future.

About Shree Cement Limited

One of the leading cement groups in India, Shree Cement Limited (‘SCL’) (BSE: 500387/ NSE: SHREECEM) is known for its industry leading green credentials, cutting edge innovative practices and cost leadership. It follows ‘highest standards of Corporate Governance and has a long history of enjoying stakeholders’ trust. Shree Cement is known for its high-quality products which are manufactured at advance manufacturing facilities across India and UAE. It is determined to deliver the most sustainable building material solutions to its consumers.

Shree Cement Opens New ~₹850 Cr Grinding Unit in Etah, Uttar Pradesh

Shree Cement Opens New ~₹850 Cr Grinding Unit in Etah, Uttar Pradesh
  • The state-of-the-art facility entails an investment of ~₹850 Crore
  • The newly established unit to set new benchmarks in quality, cost-effectiveness, sustainability, and technological advancement
  • The unit is expected to spur local employment, boosts regional development, and create more than 500 direct and indirect employment opportunities
  • The unit will utilize 100% of fly ash from the adjoining Jawaharpur Thermal Power Plant, approximately 5,000 tons per day.
Shree Cement, one of India’s leading cement manufacturers, announced the commissioning of its new grinding unit in Etah. With an annual capacity of 3 million tonnes per annum (MTPA), the Etah unit from Shree will be one of the largest grinding units in the region, adding to the growth journey of the state of Uttar Pradesh. The project, entirely funded through internal accruals, entails an investment of ~₹850 crore and is expected to create more than 500 direct and indirect employment opportunities.

Speaking on the occasion, Neeraj Akhoury, Managing Director, Shree Cement said,
At Shree Cement, we are committed to supporting Uttar Pradesh's rapid infrastructure and housing development. Our manufacturing units also contribute to a sustainable future for local communities by creating job opportunities, establishing educational facilities and improving infrastructure.

The strategic location of the unit, closer to the railway infrastructure, enables cost-effective transportation of raw materials from Rajasthan, while cement dispatch will leverage both roadways and railways for optimal distribution. A newly constructed road provides direct highway access, enhancing transportation efficiency, and streamlining logistics.
 
Shree Cement Commissions Grinding Unit in Etah, Uttar Pradesh, With ~₹850 Cr Investment
Shree Cements' greenfield cement plant at Jawaharpur in Etah

The Etah plant will serve as a model for sustainability, featuring zero-waste operations, air-cooled screw compressors to minimize water consumption and advanced filters to ensure minimal environmental impact. Additionally, the plant has collaborated with an adjoining Jawaharpur Thermal Power Plant to consume its 100% fly ash waste - about 5000 tons per day, enhancing operational efficiencies. In line with Shree Cement's commitment to green energy, a solar installation is planned within the next 2-3 years.

The Etah grinding unit is equipped with cutting-edge German technology, not only for the core operational part but also in advanced pollution control systems, including the Mill Bag House with Epoxy cages. This technology ensures exceptional efficiency in pollution control, reducing dust emissions to levels well below the prescribed norms and minimizing environmental impact. The plant has 100% covered storage for raw materials to ensure the highest standards of safety and quality. Additionally, advanced filters maintain air quality, reinforcing Shree Cement’s commitment to a sustainable and pollution-free environment.

Technological innovations at the plant include an AI-based Bag Counter System for precise inventory management, a laser-based Online Particle Size Analyzer for optimized cement quality, and enhanced safety measures, including thermal sensors and rear door limit switches in HT panels. The plant also features an industry-first Wagon Tippler System, adhering to the latest Railway RDSO guidelines, with German-designed Twin Hybrid Samson Feeders that reduce power consumption, lower lift, save time and eliminate water seepage issues. This state-of-the-art facility exemplifies a commitment to innovation, excellence and sustainability in the cement industry.

As part of its CSR initiatives, Shree Cement will also focus on infrastructure development and providing education in the nearby village of Nigoh Hasanpur, benefiting 2500 residents.

Shree Cement Limited is a leader in sustainability, operational efficiency and innovation. Committed to eco-friendly building solutions, the company utilizes synthetic gypsum, maintains 6x water positivity and harnesses multiple fuel sources, including waste materials. It also advances sustainable transportation by increasing railway usage and adopting electric and CNG vehicles.

The brand portfolio offers a range of premium products, including Bangur Magna for solid concrete, Bangur Roofon for solid roofs, and Bangur Marble for solid bright homes. It also features Bangur Shree Jungrodhak for rust resistance, Bangur Powermax for powerful crack resistance and Bangur Rockstrong for rock-like strength.

Adani Group to Invest $3.36 Billion in Bihar; To Set Up Ultra-supercritical Thermal Power Plant

Adani Group to Invest $3.36 Billion in Bihar; To Set Up Ultra-supercritical Thermal Power Plant

The Adani Group has announced a massive investment of Rs 28,000 crore (about 3.36 Billion USD) in Bihar. This investment will be used to set up an ultra-supercritical thermal power plant, expand cement production capacity, and enhance their food processing and logistics businesses.

An ultra-supercritical thermal power plant is a type of power plant that operates at extremely high temperatures and pressures. This advanced technology allows the plant to achieve higher efficiency and lower emissions compared to traditional coal-fired power plants. These plants can achieve efficiencies of around 46%, compared to about 38% for subcritical plants and 41-42% for supercritical plants.

This project is expected to create thousands of jobs and significantly boost Bihar's infrastructure. It's a major step towards addressing the state's electricity deficit and promoting economic growth. This means they use less coal to produce the same amount of electricity.

The group plans to invest Rs 20,000 crore to set up this power plant, which is expected to generate around 12,000 jobs during the pre-commissioning phase and 1,500 skilled jobs during operations.

Cement Production: An additional Rs 2,500 crore will be invested to expand cement production capacity to 10 million tonnes per annum (MMTPA), creating 9,000 jobs.

Logistics and Warehousing: Rs 2,300 crore will be invested to enhance logistics and warehousing facilities, generating 27,000 jobs.

Smart Meter Manufacturing: The group will invest Rs 2,100 crore to manufacture and install 28 lakh smart meters in cities like Siwan, Gopalganj, Vaishali, Saran, and Samastipur, creating 4,000 jobs.

Strategic Infrastructure: Another Rs 1,000 crore will be invested in developing strategic infrastructure such as Gati Shakti Railway Terminals, Inland Container Depots (ICDs), and Industrial Warehousing Parks.

Overall, this investment is to create 53,500 direct and indirect jobs and significantly boost Bihar's infrastructure and economy.

Adani Group Merges Sanghi Industries and Penna Cement with Ambuja Cements

Adani Group Merges Sanghi Industries and Penna Cement with Ambuja Cements

The Adani Group recently announced a significant merger in the cement sector. Ambuja Cements, a part of the Adani Group, will be merging its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL)with itself. This move is aimed at consolidating their cement business and enhancing overall efficiency and competitiveness.

The merger aims to enhance working capital management, pool resources for faster expansion, and achieve cost savings in administration and governance.

For Sanghi Industries, shareholders will receive 12 equity shares of Ambuja Cements for every 100 shares held in SIL. For Penna Cement, shareholders will receive Rs 321.50 for each fully paid-up equity share of Rs 10 held in the transferor company.

This merger will help Ambuja Cements increase its cement production capacity significantly. The Adani Group aims to achieve a cement manufacturing capacity of 140 million tonnes per annum (MTPA) by 2028, and this merger is expected to help reach that target ahead of schedule.

Further, the merger will enhance working capital management, unified cash flow management, and cost savings in administration and governance are expected outcomes.

This consolidation is part of a series of strategic acquisitions by Ambuja Cements, including the acquisition of Sanghi Industries and Penna Cement Industries earlier this year.

The Adani Group entered the cement sector in September 2022 by acquiring controlling stakes in Ambuja Cement from Holcim for USD 6.4 billion (approximately Rs 51,000 crore).

Ambuja Cements Commissions 200 MW Solar Power in Khavda, Unlocking 70% Savings in Power Cost

Ambuja Cements Commissions 200 MW Solar Power in Khavda, Unlocking 70% Savings in Power Cost
  • 200 MW Solar Power Project in Khavda to supply green power to 20 cement plants.
  • Part of the first phase of the ambitious 1 GW Renewable Power (Solar+Wind) Project along with 376 MW from WHRS.
  • 70% savings in power cost to significantly enhance EBITDA.
  • A total expenditure of Rs. 10,000 Cr will enable 60% of the Company’s power requirement to come from green power by FY’28.
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, has successfully commissioned and started power transmission from its 200 MW solar power project in Khavda. The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025. Positively impacting the the Company’s EBITDA, this development leads to an impressive 70% savings compared to current power cost.

Mr. Ajay Kapur, CEO – Cement Business, Adani Group said, “Growing responsibly and sustainably is fundamental to our ESG excellence journey as we are proudly committed to achieving Net Zero emissions by 2050. This is the first phase of our 1 GW Renewable Power Project in our efforts to decarbonize the value chain. We aim to power 60% of our total energy consumption from green power sources by FY’28. This helps us in reducing our overall cost and delivering strong value to our stakeholders. Our sustainability principles are integrated into all aspects of our business and reflect our forward-thinking vision.”

The Company has received standing clearance for its 200 MW Solar Power Project from the Western Regional Load Dispatch Centre (WRLDC), effective 12th December 2024. This first phase of its ambitious Green Energy Project, paves the way for further value unlocking for the Company’s Rs. 10,000 Cr investment towards green power - 1 GW of Renewable Energy, including Solar and Wind, along with 376 MW of Waste Heat Recovery Systems (WHRS).

Of the remaining 806 MW capacity from this project, 156 MW of Wind Power from Khavda and a further 300 MW Solar Power from Rajasthan are expected to be comissioned by March 2025 in phases. The balance 350 MW Solar power is expected to be commissioned by June 2025.

Ambuja Cements has a legacy of being environmentally responsible and continues to strive towards decarbonisation of the cement industry with future-ready inititiatives aimed at building a greener, more inclusive future.

About Ambuja Cements Limited

Ambuja Cements Limited, is one of India's leading cement companies and a member of the diversified Adani Group – the largest and fastest growing portfolio of diversified sustainable businesses. Ambuja Cements, with its subsidiaries has taken the Adani Group’s cement capacity to 89 MTPA with 22 integrated cement manufacturing plants and 21 cement grinding units across the country.

Ambuja Cements has been recognised among ‘India’s Most Trusted Cement Brand’ by TRA Research in its Brand Trust Report, 2024 and among ‘Iconic Brands of India 2024’ by The Economic Times for the third consecutive year. Ambuja has provided hassle-free, home-building solutions with its unique sustainable development projects and environment-friendly practices since it started operations. The company has many firsts to its credit – a captive port with ten terminals that has facilitated timely, cost-effective and cleaner shipments of bulk cement to its customers. To further add value to customers, the Company’s innovative products are now enlisted in GRIHA product catalogue. These products not only fulfil important customer needs but also help in significantly reducing their carbon footprints. Being a frontrunner in sustainable business practices, Ambuja Cements is the world’s first cement manufacturer to join the Alliance for Industrial Decarbonization (AFID) – a global alliance, facilitated by IRENA to accelerate Net Zero transition. It ranks among ‘India's Top 50 companies contributing to inclusive growth’ by SKOCH and has been recognised for its climate change mitigation commitments with a ‘Leadership Score’ of A- by CDP.

Adani's Ambuja Cement in Talks to Acquire Star Cement, the Largest Cement Manufacturer of N.E. India

Adani Group's Ambuja Cement is evaluating a deal to acquire Star Cement as part of its expansion strategy in the North East region of India, said a report by CNBC-TV18 citing its sources. 

Star Cement is the largest cement manufacturer in the North East, with an installed capacity of 7.7 million tonnes per annum (mtpa) and plans to scale it to 25 mtpa by 2030. 

The Adani Group has appointed EY to evaluate the deal, said the report. 

It is to be noted however that Star Cement has refuted thes reports, calling them speculative and stating that they are not engaged in any discussions regarding the acquisition

Star Cement holds the highest market share in the North East. Currently, it has the capacity of 7.7 mtpa with a 1.67-mtpa integrated cement plant in Meghalaya and four grinding unit. 

Located in Lumshnong, Meghalaya, with a capacity of 1.67 MTPA, Star Cement has two Grinding Units, at Sonapur, near Guwahati, Assam, and one unit at Mohitnagar, near Jalpaiguri, West Bengal. 

Star Cement aims to expand its capacity to 25 mtpa by 2030.

Adani in Advance Talks With Odisha for Its First Greenfield Cement Manufacturing Plant

Adani in Advance Talks With Odisha for Its First Greenfield Cement Manufacturing Plant

The Adani Group is in advanced discussions with the Odisha government to set up its first greenfield cement plant. This plant will be constructed from the ground up, marking a significant expansion for Adani in the cement sector. The proposed plant will have a production capacity of 4 million tonnes per annum (MTPA) and is expected to be operational by the 2028 financial year.

Adani group that has so far only acquired cement businesses has also prepared a strategy to build new facilities from scratch.

The group has finalized its discussions with the Odisha government and the target is to make the cement plant ready by FY28.

This move is part of Adani's broader strategy to become one of India's largest cement producers. The investment for this project is estimated to be between ₹3,000-3,500 crore.

Earlier in August, Adani Group's Ambuja Cements has announced a significant investment of ₹1,600 crore to set up its first cement grinding unit in Bihar. However, this involves establishing a facility to grind cement clinker into finished cement, rather than constructing a cement manufacturing plant from the ground up.

Since entering the cement industry in 2022 by acquiring Ambuja Cements, the Adani Group has made several strategic acquisitions to rapidly expand its production capacity.

The Adani Group has made several strategic acquisitions to expand its presence in the cement industry. These include the acquisition of Sanghi Industries' cement business, which significantly boosted Adani's production capacity.

Additionally, Adani acquired Hyderabad-based Penna Cement, further expanding its footprint in southern India. The acquisition of CK Birla group's Orient Cement also added substantial capacity to Adani's portfolio. Gujarat-based Saurashtra Cement is in advanced discussions for acquisition by Adani. The group is also exploring the acquisition of Jaiprakash Associates' cement business and considering the acquisition of Vadraj Cement, owned by ABG Shipyard.

These acquisitions are part of Adani's ambitious plan to become one of India's largest cement producers, aiming for a production capacity of 140 million tonnes per annum by the financial year 2027-28.

Back to Adani's Ambuja Cements, Ambuja reported a 42.5% year-on-year decline in net profit for the second quarter of the fiscal year 2024-25, with net profit falling to ₹455.96 crore. Despite the profit decline, Ambuja Cements achieved a 9% growth in sales volume, reaching 14.2 million tonnes in Q2, the highest in the past five years.

To recall, last year in March it was reported that Adani Group is setting up two new cement manufacturing plants in Andhra Pradesh, with a combined capacity of 10 million tonnes per annum (MTPA). These plants said to be be located in Kadappa and Nadikudi.

Apart from cement, Adani Enterprises has begun operations of a new copper unit in Mundra, Gujarat, with a capacity of 1 million tonnes per annum (MTPA). The project is expected to create 7,000 direct and indirect employment opportunities.

Adani Acquires Orient Cement at ₹ 8,100 Crore Equity Value

Acquisition adds 16.6 MTPA capacity (8.5 MTPA operational, 8.1 MTPA Ready to Execute).

Accelerates Ambuja’s journey to achieve 100+ MTPA operational capacity in FY 25
  • Provides 6 MTPA potential additional capacity in North India, leveraging OCL’s high quality limestone reserves in Rajasthan
  • Ambuja enters into a binding agreement to acquire 46.8% stake in Orient Cement Ltd (OCL). The acquisition helps to move towards target capacity of 140 MTPA by 2028.
  • OCL has an existing 5.6 MTPA clinker and 8.5 MTPA cement operational capacity, 95 MW CPP, 10 MW WHRS, 33 MW Renewable Energy spread across the states of Telangana, Karnataka and Maharashtra. It improves Adani Group’s market share pan-India by 2% in the cement industry.
  • OCL has secured a concession from Madhya Pradesh Power Generating Company Ltd (“MPPGCL”) to set up 2.0 MTPA Cement GU within the premises of Satpura Thermal Power Station in Sarni, MP.
  • OCL also has a large high quality limestone mining lease in Chittorgarh, Rajasthan, providing the potential to set up additional 6 MTPA capacity in North India.
  • The acquisition of OCL complements Ambuja’s existing cement footprint, reducing overall lead distances and logistics costs for the cement business and improving market share in our core markets.
  • Acquisition will be funded through internal accruals, Ambuja remains debt free.
Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals.

“This timed acquisition marks another significant step forward in Ambuja Cements’ accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition,” said Mr Karan Adani, Director of Ambuja Cements. “By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY 25. The acquisition will help to expand Adani Cement’s presence in core markets and improve its pan-India market share by 2%. OCL’s assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL’s strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA.”

Mr CK Birla, Chairman of Orient Cement and the CK Birla Group, said, “The CK Birla Group is continuously reallocating capital to sharpen its focus on consumer centric, technology driven and service-based businesses. I take pride in Orient Cement’s impressive geographies it operates in. We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders”.

Ms Amita Birla, Co-Chairman, CK Birla Group, added, “Orient Cement has a strong market presence, with sustainability initiatives, particularly in renewable energy, being a significant part of its DNA. I am convinced that Ambuja Cements is the right home for all our colleagues at Orient Cement, as well as our customers.”

OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group’s existing cement footprint. (Refer Annexure – 1 for OCL’s location wise cement capacity and other assets and Annexure - 2 for Adani Cement’s footprint post-acquisition of OCL.)

OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. OCL’s efficient plants, highly motivated teams, strong balance sheet and well-distributed dealer network will be excellent additions to the Adani Group’s existing cement business. OCL’s existing dealers will move to Adani Cement’s market network, creating formidable synergies.

Ambuja plans to optimize OCL’s overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business.


Adani Acquires Orient Cement at ₹ 8,100 Crore Equity Value

Ambuja Cements achieves sustainable performance in Q1 FY’25

Ambuja Cements achieves sustainable performance in Q1 FY’25

Operating EBITDA Rs. 1,280 Cr, PAT Rs. 790 Cr
Operating Cost improved by 3% YoY at Rs. 4,437 PMT
Cash & Cash Equivalent at Rs. 18,299 Cr

  • Q1 Operating EBITDA at Rs. 807 PMT, EBITDA margin of 15.4%.
  • Quarterly EPS (diluted) at Rs. 2.65.
  • Taken lead in ESG, Net Zero commitment by 2050, near-term targets validated by SBTi, first of its kind in the sector.
  • Added 275 Mn MT limestone reserves in Q1 FY’25.
Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, has announced sustainable results for Q1 FY’25, supported by cost leadership, improved efficiencies and growth.

Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We have delivered another sustainable performance and our focus on innovation, digitisation, customer satisfaction and ESG is at the heart of our success. Our persistent performance sets the tone for the rest of the financial year, as we expand our footprint and capacities across new geographies. Our continued improvement on cost brings visibility of achieving the targeted cost reduction of Rs. 530 PMT by FY’28. With the Penna transaction expected to be closed by Q2 FY’25, our capacity will go to 89 MTPA and well on track to achieve our 140 MTPA plan by FY’28.”

Operational Highlights



  • Group synergies continue to facilitate cost reduction journey, complemented by increasing footprint and capacities.
  • Green power share at 18.4%, will improve to ~31 % by FY’25 and 60% by FY’28, this will contribute to reduction in overall cost of power by 33%, boosting EBITDA.
  • Higher linkage coal volume and improved coal volume from Gare Palma (captive coal mine), has contributed to 17% reduction in Kiln fuel cost (Consolidated) from Rs. 2.08 to 1.73 per ’000 Kcal.
  • Integration of recently acquired Tuticorin GU and Penna Cement (under closing) will help to further improve market share, overall profitability and RoCE.

Financial Highlights (Consolidated)

  • Higher volume along with improved operational parameters resulted in growth in all business parameters.
  • EBITDA PMT @ Rs. 807, EBITDA Margin of 15.4%,
  • Net worth increased by Rs. 8,620 Cr during quarter and stands at Rs. 59,465 Cr, company remains debt free & continues to maintain Crisil AAA (stable) / Crisil A1+ ratings.
  • The Cash & Cash Equivalent stands at Rs. 18,299 Cr enables accelerated growth in future.
  • For Ambuja (consolidated), business level working capital stands at 30 days, reflecting agility in unblocking the funds in inventory and receivables.

Progress on Ongoing Projects

Brownfield expansions at 14 sites for Clinker facility of 11 Mn T and Cement capacity of 23.4 Mn T is progressing well as per plan. Out of this 4 MTPA clinker line 3 at Bhatapara (Chhattisgarh) is expected by Q4 FY’25 and 6.4 MTPA grinding facility (Sankrail 2.4, Farakka 2.4 and Sindri 1.6 MTPA) is expected between Q3 & Q4 FY’25. In addition, pre-operative work for the 28 MTPA grinding facility and 22 MTPA Clinker facility is under progress.

ESG Updates

The Company has launched Digital BRSR (Business Responsibility and Sustainability Reporting) for financial year 2023-24 which is available on the Company’s website - https://www.ambujacement.com/ambuja4-BRSR/. The digital report enables quick overview and ease of information on Company’s ESG Performance in an interactive and interesting manner.
  • With Green power projects on track, power cost will be optimised with 60% sourced from green power, EBITDA maximisation & reduction in CO2 footprint.
  • Green cement @ >80% of product mix, exemplifying commitment to eco-friendly practices & CO2 footprint minimisation
  • Ambuja and ACC created societal values for >4.6 million people by contributing to fields like healthcare, education, employment, and sustainable livelihoods.
  • Achieved 11x water positivity (FY’24) for Ambuja Cement, establishing leadership in water governance.
  • Reached an impressive 8x plastic negativity (FY’24) for Ambuja Cement through co-processing of plastic waste in cement kiln.
  • Pledged to plant 8.3 million trees by 2030, (1.4 million trees planted till FY’24) in line with Adani Group's ambitious plan to plant 100 million trees.
  • Ambuja and ACC put together used more than 21 million tonnes of waste derived resources in FY’24 embracing circular economy.

Branding

  • Strategic placements of 'Mazbooti ki Misaal' advertisements aired during IPL 2024 and World Cup T20 reaching out to 250M+ audiences.
  • Amplified digital presence on 15+ high traffic apps and websites to increase brand reach and awareness.
  • Conducted 'Skill Building Workshops' across various domains for ~3700 contractors.

Outlook

Cement demand during FY’24 stood higher by 7 - 8% YoY at 422 MTPA and are likely to grow by 7 - 9 % in FY'25 to around 451 MTPA driven by strong correlation with GDP growth and rising demand from housing and infrastructure sectors. The Government aims to invest ~USD 3 trillion in infrastructure and housing development through the ongoing 'Housing for All' scheme, National Infrastructure plan, PM Gati Shakti National Master plan and others. An outlay of Rs. 11.11 lakh crores for Capital Expenditure has been allotted in Budget FY’25 which represents 3.4% of GDP. Phase IV of PMGSY will be launched to provide all-weather connectivity to 25,000 rural habitations. All these measures are expected to bring buoyancy to cement demand.

Achievements

  • 'Best Customer Service' Award for the revolutionary AAA Certified Technology initiative at the 17th Customer Fest Show India 2024.
  • Leadership Score in CDP Climate Assessment, showcasing leading position in environmental stewardship.
  • Bhatapara and Roorkee plants won Apex India Green Leaf Platinum and Gold Awards for Environmental Excellence, respectively.
  • Gold and Silver Awards for water positivity and waste co-processing, respectively, at the SKOCH Awards 2024.
About Ambuja Cements Limited


Ambuja Cements Limited, is one of India's leading cement companies and a member of the diversified Adani Group – the largest and fastest growing portfolio of diversified sustainable businesses. Ambuja, with its subsidiaries ACC Ltd. and Sanghi Industries Ltd has taken the Adani Group’s cement capacity to 78.9 MTPA with 18 integrated cement manufacturing plants and 19 cement grinding units across the country. The Company has entered into a binding agreement to acquire Penna Cement Industries Limited with a capacity of 14 MTPA. Ambuja has been recognised among ‘India’s Most Trusted Cement Brand’ by TRA Research in its Brand Trust Report, 2024 and among ‘Iconic Brands of India’ by The Economic Times. Ambuja has provided hassle-free, home-building solutions with its unique sustainable development projects and environment-friendly practices since it started operations. The company has many firsts to its credit – a captive port with six terminals that has facilitated timely, cost-effective and cleaner shipments of bulk cement to its customers. To further add value to customers, the Company’s innovative products are now enlisted in GRIHA product catalogue. These products not only fulfil important customer needs but also help in significantly reducing their carbon footprints. Being a frontrunner in sustainable business practices, Ambuja Cements ranks among ‘India's Top 50 companies contributing to inclusive growth’ by SKOCH and has been recognised for its climate change mitigation commitments with a ‘Leadership Score’ of A- by CDP.

Aditya Birla Group's Ultratech to Acquire 32.72% Stake in India Cement for Rs 3,954 Cr ; Open Offer to Buy Another 26%

Aditya Birla Group's Ultratech to Acquire 32.72% Stake in India Cement for Rs 3,954 Cr ; Open Offer to Buy Another 26%

UltraTech Cement, a flagship company of the Aditya Birla Group, is set to acquire a 32.72% stake in India Cements from its promoters and their associates. The acquisition price is ₹3,954 crore (approximately $472 million).

This move aims to expand UltraTech's footprint in the highly competitive and fast-growing Southern cement market, particularly in Tamil Nadu.

The board of the Aditya Birla firm approved the acquisition of 32.72 per cent stake from promoters and their associates at Rs 390 per share, according to a regulatory filing from UltraTech on Sunday.

Besides, Ultratech has also announced a Rs 3,142.35 crore open offer to acquire another 26 per cent share of India Cements Ltd (ICL) from its shareholders.

This announcement comes within few weeks after it was reported that Adani Group, the second largest cement maker, is actively looking to buy cement businesses of debt-laden Jaypee Group for about ₹5,000 crore.

In mid of last month, the Gautam Adani's promoted group announced the acquisition of Hyderabad-based Penna Cement for Rs 10,422 crore this month, which will add 14 MTPA, taking its capacity to 93 MTPA. The acquisition was aimed at expanding Ambuja Cements' market presence, especially in South India.

With an installed capacity of 154.86 million tonnes per annum (MTPA) of grey cement, UltraTech Cement leads the Indian cement industry. It has ambitious plans to become one of the largest cement companies globally, targeting 200 MTPA. Adani Group, another major player, has also been actively expanding in the cement sector through acquisitions and organic growth.

The acquisition of India Cements will significantly enhance UltraTech Cement's market share in Southern India. As a result, UltraTech's presence in Tamil Nadu, Andhra Pradesh, and Telangana will strengthen. This move aligns with UltraTech's goal of becoming one of the largest cement companies globally, targeting an installed capacity of 200 million tonnes per annum (MTPA) of grey cement.

However, it is to be noted that regulatory approvals are necessary for the UltraTech Cement-India Cements deal. The Competition Commission of India (CCI) will review the acquisition to ensure it doesn't violate antitrust laws. Additionally, the Securities and Exchange Board of India (SEBI) will scrutinize the open offer process, as UltraTech aims to acquire more than 25% of India Cements' shares.

The expected timeline for completing the UltraTech Cement-India Cements acquisition can vary based on regulatory approvals, due diligence, and other factors. Generally, such transactions take several months. UltraTech will work diligently to finalize the deal, but specific dates haven't been publicly disclosed yet.

Adani Group May Soon Acquire Jaypee Cement and Its Assets

Adani Group May Soon Acquire Jaypee Cement and Its Assets

The Adani Group is actively exploring cement acquisitions, with a focus on surpassing Aditya Birla Group's UltraTech to become India's largest cement manufacturer. Adani Group has earmarked $3 billion for this purpose. Specifically, they are in talks to buy the cement businesses of debt-laden Jaypee Group for about ₹5,000 crore.

The potential acquisition targets include Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement, and the cement business of Jaiprakash Associates. This move comes as lenders initiated insolvency and bankruptcy proceedings (IBC) against Jaiprakash Associates Ltd (JAL) in early June.

The annual capacity of Jaypee cement is more than 90 lakh tonnes, according to Moneycontrol, citing sources.

According to sources, as the proceedings against Jayaprakash begin, Adani Group has to acquire assets such as limestone mines and a power plant attached to the company's cement assets.

The formal process of selling assets of Jayaprakash Associates has not yet begun. Dalmia India signed a deal with Jaypee in 2022 to purchase its cement and power assets at an enterprise value of Rs 5,666 crore. However, since Jaypee Associates could not get approval from Lenders, the deal had not been completed.

The Jaypee Group, a conglomerate with interests in real estate, infrastructure, and cement, has faced significant financial challenges. As of now, they owe ₹30,000 crore to 32 creditors, including ICICI Bank. Recently, they were admitted to the National Company Law Tribunal (NCLT) after a six-year delay. The resolution plan by Suraksha Asset Reconstruction Limited (Suraksha ARC) aims to complete over 20,000 pending housing units in the national capital region, but potential litigation may further delay home buyers' dreams of owning their homes.

Adani-owned Ambuja Cements Acquires Penna Cement at Enterprise Value of Rs. 10,422 Cr

Ambuja Cements Limited, which is part of the Adani Group, has announced the acquisition of Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs. 10,422 crore. This strategic move is aimed at expanding Ambuja Cements' market presence, especially in South India, and is a significant step towards achieving their target of a cement production capacity of 140 million tonnes per annum (MTPA) by 2028.

Adani-owned Ambuja Cements Acquires Penna Cement at Enterprise Value of Rs. 10,422 Cr

The acquisition includes 100% shares of PCIL and will be fully funded through internal accruals. PCIL has a total cement capacity of 14 MTPA, with 10 MTPA currently operational. The remaining capacity is under construction and expected to be completed within 6 to 12 months. This acquisition will also strengthen Adani Cement’s sea transportation logistics, as it includes five bulk cement terminals that serve peninsular India and provide an entry to Sri Lanka.

The deal is expected to improve Adani Cement’s market share by approximately 2% pan India and by about 8% in South India. It's a noteworthy development in the Indian cement industry, reflecting the Adani Group's growth and consolidation strategy.

Adani Group aims to become the largest cement manufacturer in India. They have marked $3 billion for multiple cement acquisitions, including Penna Cement, to capture one-fifth of the domestic cement market by FY28 1. The group is focusing on brownfield expansion and has set a target capacity of 140 MTPΑ by 2028.

Adani Group To Invest Over Rs 42,700 Cr In Tamil Nadu

Adani Group To Invest Over Rs 42,700 Cr In Tamil Nadu
  • Adani Green will invest Rs 24,500 crore in three PSP projects in 5-7 years
  • Adani Connex will invest Rs 13,200 crore in a hyperscale data centre 
  • Ambuja Cements will invest Rs 3,500 crore in three cement grinding units
  • Adani Total Gas will invest Rs 1,568 crore in the coming eight years
Ports-to-power conglomerate Adani Group on Monday signed memorandums of understanding (MoU) for investment of over Rs 42,700 crore at the Tamil Nadu Global Investors Meet 2024. The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects (PSP) in the next 5-7 years.

Adani Connex will invest Rs 13,200 crore in a hyperscale data centre over the coming seven years, while Ambuja Cements will invest Rs 3,500 crore in three cement grinding units in the next five years. Adani Total Gas Ltd will invest Rs 1,568 crore in eight years.

Tamil Nadu Chief Minister M.K. Stalin, State Industries Minister T.R.B. Rajaa and the Managing Director of Adani Ports and Special Economic Zone Karan Adani were present at the signing of the MoUs, along with Cabinet Ministers and Secretaries of various government departments.

On the signing of the MoUs, Mr. Karan Adani said, “Today’s Tamil Nadu is a standout example of stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe and secure neighbourhoods, business-friendly policies with an able and efficient team of officers, and a diverse and highly-skilled workforce with more women in the ranks than anywhere else in the country!” Referring to Tamil Nadu Chief Minister M.K. Stalin, Mr Karan Adani said, “His drive to make Tamil Nadu a socio-economic powerhouse has pulled a growing number of business houses to invest in this state – and the Adani Group is privileged to be one of them.”

The Adani Group’s presence in Tamil Nadu spans a number of rapidly accelerating sectors, including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy, and cement manufacturing.

Adani Ports and Special Economic Zone, its integrated ports and logistics company, is currently operating the Kattupalli and Ennore Ports – and, so far, have invested a total of Rs 3,733 crore in Tiruvallur district. The two ports collectively cater to the hinterland in the Chennai and Sri City regions, and are well-positioned to meet the exim requirements of the region.

Adani Green Energy Ltd will diversify its presence in Tamil Nadu by investing in PSP plants, hydroelectric energy storage systems that use the force of gravity to generate electricity. It is targeting a total capacity of 4,900 MW through facilities in Thenmalai, Alleri and Aliyar. For this clean energy project that will create over 4,400 job opportunities, the Adani Group will invest around Rs 25,000 crore.

The Group operates Chennai’s most advanced data centre, located near the SIPCOT IT park, to meet the data requirements of the state’s well-established IT industry. With 33 MW capacity, the Adani-EdgeConnex data centre is a network neutral facility, powered by renewable energy. It will now be raised to a 200 MW data centre with an investment of Rs 13,200 crore, which will be one of India’s largest single-location investments in digital infrastructure.

Ambuja Cements and ACC had invested Rs 550 crore to build an annual capacity of 1 million tonnes in the state. This is going to be ramped up to a phenomenal 14 million metric tonnes with an investment of Rs 3,500 crore to set up three plants – one in Madukkarai with a capacity of 2 million tonnes, and two each with a capacity of 6 million tonnes in Kattupalli and Tuticorin. The plants will create over 5,000 direct and indirect employment opportunities in their neighbourhoods.

The Group also meets the city gas distribution requirements of Cuddalore and Tiruppur districts through Adani Total Gas. It currently serves over 5,000 homes with piped gas, having laid over 100 km of pipelines with an investment of Rs 180 crore. Adani Total Gas will scale up its investment in Tamil Nadu more than nine-fold to expand its offerings in city gas distribution, liquefied natural gas for mining and trucks, and electric vehicles.

Bharathi Cement Opens First-of-its-Kind Fully-Automated Cement Terminal in Coimbatore

Bharathi Cement Opens First-of-its-Kind Fully-Automated Cement Terminal in Coimbatore

Launched ‘QUICKCEM’, a superior quality new generation green cement to cater Precast and Hollow Block Segment in Tamilnadu and Kerala

Bharathi Cement is the 1st company in India to transport bulk Cement in Containers from its Integrated Cement plant to Coimbatore Terminal
 
Coimbatore terminal is a fully-automated packing and distribution facility having a capacity of 0.75 MTPA and will be manned only by 16 employees.

Bharathi Cement Corporation Pvt. Ltd., a group company of VICAT France, inaugurated its 0.75 MTPA bulk cement terminal in Coimbatore on Monday i.e. 10th Oct’22 to serve the major market of Tamil Nadu and Kerala. The terminal was inaugurated by Guy Sidos, VICAT Group Chairman and CEO in the presence of Anoop Kumar Saxena, CEO-VICAT INDIA, and M Ravinder Reddy, Director Marketing.

To strengthen the Southern market strategy, with the start of the new terminal, the company has also launched a new product, QUICKCEM that will cater particularly to the precast and hollow block segment in the respective states.

QUICKCEM is one of the best superior quality new generation green cement and therefore falls under the premium category. The product is manufactured using the best limestone available in South India with optimum fineness and with a low percentage of Alkalies, chlorides, and magnesia which ensures better durability of the concrete structures. Due to the development of high early compressive strength, QUICKCEM provides a lesser de-shuttering period, high early compressive strength of concrete, and results in saving cement consumption. This newly launched product will be packed in a BOPP bag to deliver dust free bags to customers.

QUICKCEM is ideal for use in the construction of concrete precast structures, residential and commercial projects, and roads, and by major RMC manufacturers, as it will help in making a highly compressive design from concrete. Anoop Kumar Saxena, CEO-VICAT INDIA, said “Bharathi cement has always been a preferred choice of customers in the region where it operates and therefore it is important for the company to proactively address the growing demand. With that objective a new terminal facility is set up and QUICKCEM is launched to maintain competitiveness by improving the service level.”

These initiatives are part of VICAT Group's low-carbon roadmap aimed at reducing its carbon footprints.

At the launch, Sidos said, “With its rapid infrastructure development and urbanization, India proves to be a key market for our business. By investing in the new terminal we align with our commitment towards India’s progress and growth. Coimbatore Terminal is the 2nd Terminal of VICAT India after Mumbai terminal which was set up in Yr 2018. The new facility coupled with our entire team at India operations, which is known for its quality consciousness, excellence in operations, and customer service, we endeavour to offer the best quality cement with an excellent service level.”

The Coimbatore terminal is a fully automated packing and distribution facility of 0.75 MTPA capacity and will be operated with only 16 employees. With dedicated own container wagons and a 24-hour loading facility, the new facility is the first ever in the Indian industry to have end-to-end logistic automation for transportation of Bulk Cement in Containers, that will directly serve customers without any warehouse. The facility is equipped with infrastructure for loading bags as well as bulk cement for serving the major markets of Tamil Nadu and Kerala. This will enhance customer service level and cost competitiveness in the region.

About Bharathi Cement:

Bharathi Cement Corporation Private Limited (BCCPL) is a producer of Superior Quality Cement and has set new standards in the cement business. It is a joint venture of Vicat Group, France (pioneers in cement) in India having a 51% majority stake.

The company has two production lines of state-of-the-art technology having a total capacity of 5 MTPA and is located at Nallalingayapalli, in the Kadapa district of Andhra Pradesh. The cement is marketed under “Bharathi Cement” brand since 2009.

About VICAT FRANCE:

VICAT FRANCE is a well-known group name globally in the cement industry. Mr. Joseph VICAT, son of Mr. Louis VICAT started VICAT group by establishing 1st plant in 1853 in France. Today the group operates in 12 countries namely Egypt, France, India, Italy, Kazakhstan, Mali, Mauritania, Senegal, Switzerland, Turkey, Brazil, and the United States. It has 15 integrated cement plants, 5 grinding units, 243 concrete batching plants, and 69 aggregate quarries globally. It has a turnover of more than 3000 million Euros and employee strength is approx 9500.

VICAT entered India in the year 2008 after working for 10 years in India to find a perfect partner. It had entered India in a joint venture with an Indian partner with the proposal to establish an integrated plant. In the year 2014, VICAT take a 100% stake in the joint venture and renamed it Kalburgi Cement Pvt. Ltd. Current Capacity of Kalburgi Cement is 3.6 MTPA.

In 2010, VICAT took a majority stake in an operating company Bharathi Cement having 5.0 Million Tons Per Annum (MTPA) capacity. Therefore, the total capacity of the group VICAT in India is 8.6 MTPA.

In the last 14 years, the company has expanded its markets in many new states in India and now it has operations in 8 states namely Andhra Pradesh, Telangana, Goa, Karnataka, Kerala, Maharashtra, Puducherry and Tamilnadu. It has a strong network of 3500+ dealers.

Leading Cement Company, Nuvoco Vistas's Rs. 5,000 crores IPO to open on August 09, 2021, sets price band of Rs. 560 - Rs. 570 per equity share




  • Price Band of Rs. 560 – Rs. 570 per equity share bearing face value of Rs. 10/- each (“Equity Shares”).
  • Aggregate Offer Size up to Rs. 5,000 crores i.e. Fresh Issue of Equity Shares aggregating up to Rs. 1,500 crores and an Offer for Sale aggregating upto Rs. 3,500 crores.
  • Bid/Offer Opening Date – Monday, August 09, 2021 and Bid/Offer Closing Date – Wednesday, August 11, 2021.
  • Minimum Bid Lot is 26 Equity Shares and in multiples of 26 Equity Shares thereafter.
  • The Floor Price is 56 times the face value of the Equity Share and the Cap Price is 57 times the face value of the Equity Share.


Nuvoco Vistas Corporation Limited (“Nuvoco Vistas” or the “Company”), is the fifth largest cement Company in India and the largest cement company in East India in terms of capacity and one of the leading ready mix concrete manufacturers in India (Source: CRISIL Report). As of March 31, 2021, the Company had 11 Cement Plants with a consolidated installed manufacturing capacity of 22.32 MMTPA.

The Company’s leadership team is led by Mr. Hiren Patel, Chairman and Non-Executive Director and Mr. Jayakumar Krishnaswamy, Managing Director.

Nuvoco Vistas is proposing to open its initial public offering of Equity Shares on Monday, August 09, 2021 and close on Wednesday, August 11, 2021. The price band for the Offer has been determined at Rs. 560 – Rs. 570 per Equity Share.

Hiren Patel, Chairman, Nuvoco

The total Offer size is up to Rs. 5,000 crores with a fresh issuance of Equity Shares, aggregating up to Rs. 1,500 crores and an offer for sale of Equity Shares aggregating up to Rs. 3,500 crores, by Niyogi Enterprise Private Limited (the “Promoter Selling Shareholder”).

The Company intends to utilize the proceeds of Rs. 1,350 crores from the fresh issue for repayment/prepayment/redemption, in full or part, of certain borrowings availed of by our Company, besides general corporate purposes.

ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JP Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers to the Offer (“BRLMs”).

The Company and the Promoter Selling Shareholder have, in consultation with the BRLMs, considered participation by Anchor Investors, whose participation shall be one Working Day prior to the bid/offer opening Date, i.e. Friday, August 06, 2021. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors.

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the Red Herring Prospectus dated July 30, 2021 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“RoC”).

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