Displaying items by tag: Chhattisgarh

India: Orient Cement has signed a deal with Jaiprakash Associates to buy three cement plants from it for US$302m. The arrangement, which was originally announced in October 2016, includes a deal to buy a 74% stake in Bhilai Jaypee Cement for US$225m and the acquisition of the Nigrie cement grinding plant in Singrauli, Madhya Pradesh from Jaiprakash Power Ventures for US$77m, according to the Hindu newspaper. Bhilai Jaypee Cement, a joint venture between Jaiprakash Associates and the Steel Authority of India Limited (SAIL), has a 2.2Mt/yr integrated Portland slag cement plant in Satna Madhya, Madhya Pradesh and a grinding plant in Bhilai, Chhattisgarh.

The transaction will be funded by Orient Cement through a mix of internal accruals, debt and equity funding. The acquisitions will increase Orient Cement’s production capacity to 10.2Mt/yr from 8Mt/yr and it will grant it access to the central and eastern regions of the country.

India: Dalmia Bharat Cement has been selected as the preferred bidder for the Kesla II limestone block in Raipur District, Chhattisgarh. The block, with reserves of 215Mt, has an estimated value of US$1.6bn, according to the Hindu newspaper.

India: ACC has said that its new cement grinding plant at Sindri, Jharkhand will become operational in November 2016. This follows the start of commercial production of a new clinker production line at its plant at Jamul, Chhattisgarh in July 2016 and the start of that site’s grinding plant on 14 September 2016.

India: Orient Cement is to buy three cement plants from Jaiprakash Associates for US$292m. The cement producer will acquire a 74% stake in Bhilai Jaypee Cement for US$217m from Jaiprakash Associates and the Nigrie cement grinding plant from Jaiprakash Power Ventures for US$75m, according to the Press Trust of India.

Bhilai Jaypee Cement, a joint venture between Jaiprakash Associates and the Steel Authority of India Limited (SAIL), has a 2.2Mt/yr integrated Portland slag cement plant in Satna Madhya, Madhya Pradesh and a grinding plant in Bhilai, Chhattisgarh. The acquisition will also give Orient Cement access to limestone reserves and other raw materials including slag. The Nigrie cement grinding plant in Singrauli, Madhya Pradesh, has a capacity of 2Mt/yr.

"The current proposal to acquire BJCL from JAL is a significant step towards accomplishing our current mission of reaching a capacity of 15Mt/yr by 2020," said CK Birla Group chairman CK Birla, owner of Orient Cement. At present, the cement producer has 8Mt/yr from three plants in Telangana, Maharashtra and Karnataka.

India: ACC plans to expand its plants at Jamul in Chhattisgarh and Sindri in Jharkhand as part of a US$447m capital project intended to increase the company's production capacity by 5Mt/yr to 35Mt/yr. The project will also include building a ‘couple of new plants’ according to comments made by KN Rao, Director - Energy and Environment, to the Hindu newspaper. Following the upgrades the Jmaul cement plant will have a clinker capacity of 2.79Mt/yr and a cement grinding capacity of 1.1Mt/yr. The Sindri unit will have a grinding capacity of 1.35Mt/yr.

India: ACC has started commercial production at its 2.79Mt/yr integrated cement plant at Jamul, Chhattisgarh. The subsidiary of LafargeHolcim also has two new cement grinding plants, one at Jamul and one at Sindri in Jharkhand. These are expected to be commissioned by the end of September 2016. The projects are planned to strengthen the cement producer’s consumer base in east India.

India: Shree Cement has won its bid for a coal contract from South Eastern Coalfields Ltd (SECL) for 80,000t/yr. The cement producer will gain the supply from the New Kusmunda mine in Chhattisgarh for US$14/t. In May 2016 the company announced plans to build a 2.8Mt/yr clinker production line at its integrated cement plant in Raipur, Chhattisgarh. The US$104m line, excluding land and other infrastructure costs, is set to be completed by March 2018.

India: Shree Cement has set aside US$905m to build three new integrated cement plants with a production capacity of 10Mt/yr. The first new plant in the line will have a production capacity of 3Mt/yr and will be situated in Baloda Bazar, Chhattisgarh. The Indian cement producer successfully bid for limestone deposits in Baloda Bazar in February 2016. The new plant will be announced by July 2016, according to the Business Standard newspaper.

“We will be bidding in at least 12 more limestone auctions and hope to win three to four of these. This will help us set up plants to increase our capacity,” said the Managing Director of Shree Cement, H M Bangur.

At present Shree Cement has a cement production capacity of 23.6Mt/yr from three clinker plants and six cement grinding plants in the states of Rajasthan, Uttarakhand, Haryana and Chhattisgarh. The expansion plans will be funded by the company’s internal accruals.

India: Shree Cement has offered the highest bid in an auction for limestone deposits at Karhi Chandi, Baloda Bazar in Chhattisgarh. The site has estimated reserves of 155Mt of limestone in an 252 hectare area. Official confirmation from the state government that confirms Shree Cement as the winner of the auction is still awaited.

Local press reports that Shree Cement offered US$4/t for the deposit. The sale was the first non-coal mining lease auction by the state government. Shree Cement has plans to expand its cement plant at Raipur.

India: Century Textiles & Industries is reportedly planning to sell its cement business and merge it in an all-share deal with India's largest cement maker UltraTech. Both companies are in the final stages of a plan to merge the cement businesses, according to local media.

Once approved by shareholders, the merged entity's cement production capacity would total 87M/yr. This would help UltraTech achieve 100Mt/yr ahead of its target of 2020. UltraTech would gain access to the eastern market while strengthening its presence in Maharashtra, Chhattisgarh and Madhya Pradesh.