The Government of Maharashtra is trying to build a bridge between the waste-to-energy units and municipal bodies, cement plants, and industries for disposing plastic waste, recent media reports reveal.
Wonder Cement, part of marble leader RK Group, is widely lauded for its hi-tech, fully automatic cement plant in Nimbahera, District Chittorgarh in Rajasthan. Within two years of commencement of the first plant
In Karnataka, Dalmia Cement (Bharat) will commission its 2.5-million-tonne (mt) cement plant in Belgaum by March, expanding its reach in the fast-growing Maharashtra market. The company’s production capacity in South India will increase to 11.5 mt with the opening of the Belgaum plant.
Reliance Cement Co (RCC) on October 8 stated that it is set to start production from its five million tonne per annum (mtpa) cement plant in Madhya Pradesh by the this month-end. The company is confident of achieving the 20 mtpa target in the next three-four years.
Jaiprakash Associates of Manoj Gaur is reportedly readying to dispose off its Gujarat-based cement plants for a lower value to UltraTech Cement. The cement units are to be sold at a valuation of $130 a tonne, compared to $160 a tonne it was seeking earlier.
For JK Lakshmi Cement, the recent resumption of work at its Chattishgarh cement plant is a positive development. The company's stock price had fallen by 62 per cent compared to the average fall of 42 per cent of its mid-size peers, making it attractive among mid-size cement companies. The profitability of cement companies has been under pressure owing to lower demand - reflected in the stock price of these companies.