Displaying items by tag: Kanodia Cement

India: Kanodia Cement has appointed Anurag Srivastava as its CEO, according to the Economic Times newspaper.

Srivastava started his career in telecoms before joining Jaiprakash Associates in 2010. He later became the Business Unit Head - Sales & Marketing for Heidelberg Materials in central India in 2015 before joining Wonder Cement in 2017. He became the Executive Vice President (S&M) at Wonder Cement in 2022. Srivastava holds a PhD in Business, Management, Marketing and Related Drivers from the Faculty of Management Studies and a master’s of business administration from the Indian Institute of Management.

India: Kanodia Cement plans to launch an initial public offering to raise approximately US$95m, with a draft red herring prospectus expected to be filed with market regulator SEBI by the end of December 2024. The company currently has a production capacity of 5Mt/yr, with plants in Uttar Pradesh and Bihar. CEO Gautam Kanodia said that the company has plans to expand its cement capacity to 10Mt/yr.

India: Kanodia Cement has commissioned its new Amethi cement plant in Uttar Pradesh. The plant consists of four grinding units spread over an area of 18ha. Indo-Asian News Service has reported that the facility’s equipment includes two 12-spout rotary packers and six floor-mounted truck loading machines, supplied by Denmark-based FLSmidth. Kanodia Cement says that the new plant marks progress in line with its sustainable development plant. Its operations will directly and indirectly employ 1000 people.

India: The state government of Uttar Pradesh has granted approval to three planned grinding plant projects with a total value of US$115m. The Hindustan Times newspaper has reported that Kanodia Cement ’s Amethi grinding plant will cost US$39.6m, Eco Plus Cement Industries’ Prayagraj grinding plant will cost US$38.6m and Eco Plus Cement Industries’ Mirzapur grinding plant will cost US$37.1m.