Adani to double cement making capacity to 140 MT

22 Sep 2022 CW Team

Adani Group, which completed its $6.5-billion acquisition of Swiss major Holcim’s India assets – Ambuja Cements and ACC, plans to double its cement manufacturing capacity to 140 million tonne in the next five years and emerge as the most profitable manufacturer in the country.

In a speech made at an event to mark the completion of the acquisition on September 17, Adani Group chairman Gautam Adani said he saw a multifold rise in cement demand in the country on the back of record-breaking economic growth and the government’s infrastructure creation push, which will give significant margin expansion.

Also read
Adani pledges shares valued at 13 bn
Gautam Adani’s son to oversee the family’s cement business

Equipment

06 Aug 2026

BKT Unveils Immersive Tyre Installation at Mumbai Airport

Balkrishna Industries (BKT), a global off-highway tyre leader with a growing presence in India's on-highway tyre market, has unveiled a distinctive brand installation at Mumbai International Airport (MIAL)'s T2 elevated road underpass. The initiative, inspired by BKT Tyres' ‘Elevate Your Drive’ philosophy reflects the company's evolution into a broader mobility brand by highlighting its portfolio across agriculture, construction, mining, earthmoving, commercial vehicles, two-wheelers and passenger vehicles. The launch of the installation marks a significant moment as BKT expands its footpr..

Grovy India raises Rs 150 million through preferential issue

BSE-listed Grovy India has raised Rs 150.1 million through a preferential issue of equity shares to support its expansion plans in the South Delhi real estate market.The company's board-approved preferential issue committee allotted 4.17 million equity shares of Rs 10 face value, raising Rs 150.1 million. Following the allotment, the company's paid-up equity share capital has increased to Rs 175.1 million, comprising 17.51 million equity shares.Grovy India said the participation of promoters and investors reflects confidence in its execution capabilities, growth strategy and position in South ..

K2 Infragen secures BBB- rating for Rs 2 billion facilities

K2 Infragen has secured an ACUITE BBB- rating with a Stable outlook for its long-term bank facilities and an ACUITE A3 rating for its short-term facilities from Acuité Ratings & Research, covering total bank facilities of Rs 2 billion.The rating comprises Rs 1.27 billion of long-term borrowings and Rs 730 million of short-term working capital facilities.According to the rating agency, the investment-grade rating reflects K2 Infragen's business risk profile, revenue growth, execution capabilities and financial discipline. The assessment is also supported by the company's order book, which ..