India Cements sells land to UltraTech

25 Sep 2023 CW Team

As part of the deal, 14.53 acres of land will also be included in the transaction. Last year, India Cements sold its limestone mining subsidiary, Springway Mining (SMPL), to JSW Cement for Rs 4.76 billion. This subsidiary owned limestone-rich land in Madhya Pradesh, where a cement plant was being established. The sale reflected the challenges faced by the largest cement producer in southern India.

To modernise and enhance the efficiency of its plants, ICL has engaged FLSmith and ThyssenKrupp Industries to conduct a comprehensive assessment of their operating parameters. Additionally, the company has enlisted the services of Boston Consulting Group to analyse and suggest efficiency improvements for three of its plants located in Andhra Pradesh and Telangana.

The company's older plant facilities have limited production efficiency, and the sale of non-core assets is aimed at bolstering cash reserves to fund plant upgrades. Meanwhile, the Udaipur tehsildar confirmed that around 250 people met with local authorities, handing over a memorandum with an ultimatum. This memorandum is addressed to the Chief Minister and the Deputy Chief Minister of Chhattisgarh, and it highlights their concerns about potential job loss in the event of mine closures. The protesters also staged a demonstration on the national highway. The tehsildar pledged to forward the memorandum to the relevant authorities for appropriate action.

On a broader scale, Rajasthan Chief Minister Ashok Gehlot has persistently written letters to his Chhattisgarh counterpart, Bhupesh Baghel, urging expedited granting of the necessary clearances for PEKB phase II. Gehlot has emphasised that Rajasthan is grappling with a severe power crisis due to the unavailability of coal required to operate its thermal power plants. Although the Chhattisgarh government had previously granted clearance for the second phase of coal mining in Parsa East Kanta Basan (PEKB) in Surguja district, the crucial permission for tree cutting for mining is still pending. This has led to a precarious situation where thousands of livelihoods hang in the balance.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

N. Srinivasan-led The India Cements Ltd (ICL) has entered into an agreement with UltraTech Cement Ltd to sell 73.75 acres of land in Andhra Pradesh's Vizianagram district for Rs 700 million. This move is part of ICL's strategy to enhance liquidity, improve operational performance, and meet essential capital expenditure requirements. As part of the deal, 14.53 acres of land will also be included in the transaction. Last year, India Cements sold its limestone mining subsidiary, Springway Mining (SMPL), to JSW Cement for Rs 4.76 billion. This subsidiary owned limestone-rich land in Madhya Pradesh, where a cement plant was being established. The sale reflected the challenges faced by the largest cement producer in southern India. To modernise and enhance the efficiency of its plants, ICL has engaged FLSmith and ThyssenKrupp Industries to conduct a comprehensive assessment of their operating parameters. Additionally, the company has enlisted the services of Boston Consulting Group to analyse and suggest efficiency improvements for three of its plants located in Andhra Pradesh and Telangana. The company's older plant facilities have limited production efficiency, and the sale of non-core assets is aimed at bolstering cash reserves to fund plant upgrades. Meanwhile, the Udaipur tehsildar confirmed that around 250 people met with local authorities, handing over a memorandum with an ultimatum. This memorandum is addressed to the Chief Minister and the Deputy Chief Minister of Chhattisgarh, and it highlights their concerns about potential job loss in the event of mine closures. The protesters also staged a demonstration on the national highway. The tehsildar pledged to forward the memorandum to the relevant authorities for appropriate action. On a broader scale, Rajasthan Chief Minister Ashok Gehlot has persistently written letters to his Chhattisgarh counterpart, Bhupesh Baghel, urging expedited granting of the necessary clearances for PEKB phase II. Gehlot has emphasised that Rajasthan is grappling with a severe power crisis due to the unavailability of coal required to operate its thermal power plants. Although the Chhattisgarh government had previously granted clearance for the second phase of coal mining in Parsa East Kanta Basan (PEKB) in Surguja district, the crucial permission for tree cutting for mining is still pending. This has led to a precarious situation where thousands of livelihoods hang in the balance.

Real Estate

04 Sep 2025

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

Infrastructure Transport

04 Sep 2025

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Infrastructure Transport

04 Sep 2025

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..