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Tag: Adani Cement

ACC fires kiln at new Ametha cement plant
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Saturday, 16 September 2023 / Published in News

ACC fires kiln at new Ametha cement plant

Adani Group subsidiary ACC has started commercial clinker production from the kiln of its new Ametha cement plant in Madhya Pradesh’s Katni District. BQ Prime News has reported that the kiln line has a clinker capacity of 3.3Mt/yr. It is capable of co-processing up to 15% alternative fuel (AF). The plant is also equipped with
ACCAdani CementAdani GroupAlternative FuelsAmbuja CementsCapacityClinkerclinker plantcommissioningIndiakilnPlantWaste Heat Recovery
Ambuja Cements’ open offer for increased Sanghi Industries stake to commence on 29 September 2023
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Wednesday, 23 August 2023 / Published in News

Ambuja Cements’ open offer for increased Sanghi Industries stake to commence on 29 September 2023

Ambuja Cements’ open offer to acquire an additional 26% stake in Sanghi Industries will run from 29 September 2023 to 13 October 2023. Press Trust of India News has reported the value of shares under the offer as up to US$767m. Ambuja Cements concluded a deal to acquire a 57% stake in Sanghi Industries, for
AcquisitionAdani CementAdani GroupagreementAmbuja CementsDealgrowthIndiaInvestmentSanghiStake
Ambuja Cements to acquire Sanghi Industries stake and expand Sanghipuram plant
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Thursday, 03 August 2023 / Published in News

Ambuja Cements to acquire Sanghi Industries stake and expand Sanghipuram plant

India: Ambuja Cements has concluded a deal to acquire a 57% stake in Sanghi Industries for US$202m. Reuters has reported that the company has offered to subsequently increase its stake in Sanghi Industries to as much as 83% for up to US$295m in total. It will fund the acquisition of any stake through internal accruals. Sanghi
AcquisitionAdani CementAdani GroupAmbuja CementsCapacityExpansiongrowthGujaratIndiaPlantPortPower PlantSanghiStrategyWaste Heat Recovery
ACC explains decision not to investigate Adani Group fraud allegations
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Tuesday, 01 August 2023 / Published in News

ACC explains decision not to investigate Adani Group fraud allegations

ACC says that it will not carry out an independent investigation into its parent company Adani Group. US-based short-seller Hindenburg Research accused the group of stock manipulation and accounting fraud involving a ‘labyrinthine network’ of shell companies in January 2023. Prior to making its accusations, Hindenburg Research obtained a short position on Adani Group. An
ACCAdani CementAdani GroupCorruptionCourtFraudGovernmentHindenburg ResearchIndiaSecurities and Exchange Board of IndiatribunalWorld Bank
Adani Cement and JK Lakshmi Cement in race to acquire Sanghi Cement
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Tuesday, 25 July 2023 / Published in News

Adani Cement and JK Lakshmi Cement in race to acquire Sanghi Cement

India: Adani Cement and JK Lakshmi Cement have emerged as frontrunners in the contest to acquire Sanghi Cement for US$733m. The Business Standard newspaper has reported that the prospective buyers are expected to submit formal offers before October 2023.
AcquisitionAdani CementIndiaJK Lakshmi CementSanghi
Adani Cement leaves Cement Manufacturers’ Association
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Wednesday, 07 June 2023 / Published in News

Adani Cement leaves Cement Manufacturers’ Association

Adani Cement has withdrawn its membership of the Indian cement industry association, the Cement Manufacturers’ Association (CMA). Adani Cement is India’s second biggest cement producer. The Economic Times newspaper has reported that ACC and Ambuja Cements, which Adani Cement acquired in September 2022, have not shared their production and sales data with the CMA for
Adani CementAdani GroupCement Manufacturers' AssociationdataIndia
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Thursday, 25 May 2023 / Published in News

ACC and Ambuja Cements launch Cement and Concrete Research and Development Facility

Adani Cement subsidiaries ACC and Ambuja Cements have launched the Cement and Concrete Research and Development Facility at Kalamboli in Maharashtra. Dion News Service has reported that the focus of the centre will lie in product development, productivity enhancement and increasing the efficiency of cement and concrete production. Adani Cement CEO Ajay Kapur said “Our
Adani CementAdani GroupIndiainnovationResearch

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