India: One of the leading cement makers in India, Ambuja Cements Ltd., has announced that it has acquired a 60% equity stake in fly ash maker Dirk India Pvt Ltd for USD3.5m. Ambuja Cement said that after the transaction is completed, Dirk and its subsidiary Dirk Pozzocrete will become units of the company.
Fly ash, which is produced by burning coal, can be added to cement as a supplementary material, enabling reductions in both production cost and the amount of carbon dioxide produced from cement manufacture.
