Ambuja Cements, an Adani Group subsidiary, plans to expand its production capacity to 140 million tonne per annum (MTPA ) through acquisitions, driven by growing demand from infrastructure projects and urbanisation. This strategy aims to enhance its market position and operational efficiency. Incorporating advanced technologies and sustainable practices, the expansion highlights efforts to maintain the leadership position in the market, particularly as the construction sector continues to rebound post-pandemic.

Contact: Ambuja Cements

Tel: 22-40667000

Email: corpcomm.adanicement@adani.com

Website: www.ambujacement.co

Shree Cement and DPIIT Sign MoU to boost manufacturing

Shree Cement has signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to support early-stage product start-ups in India’s manufacturing sector. The initiative offers infrastructure, mentorship, funding, and market access, guiding start-ups from prototype development to global expansion. It is also designed to facilitate emerging technologies like artificial intelligence (AI) and machine learning (ML) in manufacturing operations. DPIIT Director Sumeet Jarangal highlighted its role in strengthening India’s global position and promoting entrepreneurship in the cement and manufacturing industries.

Contact: Shree Cement

Tel: 033-22309601

Website: www.shreecement.com

NCLT approves Burnpur Cement's capital reduction scheme

The National Company Law Tribunal (NCLT), Kolkata, has approved Burnpur Cement's scheme for the reduction of capital, as outlined in an exchange filing by the company under Section 66 of the Companies Act, 2013. The scheme reduces its equity share capital from Rs.861 million (mn) to Rs.172.2 mn. The move aims to optimise the capital structure. The order specifies that the capital reduction will not affect any ongoing actions by government. Burnpur Cement will file the order with the Registrar of Companies (RoC) in e-form INC-28.

Contact: Burnpur Cement

Tel: (33) 2262 3167

Email: cs@burnpurcement.com

Website: www.burnpurcement.com

Ambuja Cements seeks CCI nod for Orient Cement stake

Ambuja Cements has sought the Competition Commission of India (CCI) approval to acquire a majority stake in Orient Cement for `81 billion. The two-stage process involves acquiring 46.8 per cent via share purchase agreements, triggering an open offer for up to 26 per cent under SEBI rules. If fully accepted, Ambuja’s stake will rise to 72.8 per cent. The deal aims to add 16.6 million tonne per annum (MTPA ) to Ambuja’s capacity. Ambuja Cements currently operates 22 integrated cement plants, 10 bulk cement terminals, and 21 grinding units across the country.

Contact: Ambuja Cements

Tel: 22-40667000

Email: corpcomm.adanicement@ adani.com

Website: www.ambujacement.com

UltraTech Cement to raise Rs.30 Bn via NCDs

UltraTech Cement plans to raise to Rs.30 billion (bn) via nonconvertible debentures (NCDs) to strengthen its financial position. For Q2 FY2025, it reported a 36 per cent year-onyear loss in net profit to Rs.8.25 bn, with revenue falling 2 per cent to Rs156.35 bn. The company increased domestic sales by 3 per cent and invested Rs.39.54 bn for a 32.7 per cent stake in India Cements expanding in South India, holding an 11 per cent market share in the region.

Contact: UltraTech Cement

Tel: 22-66917800

Website: www.ultratechcement.com