Nuada Starts Carbon Capture Trials with Buzzi to Accelerate the Decarbonisation of the Cement Industry
Nuada announces the launch of its pilot plant operation at Buzzi Unicem’s cement facility in Monselice, Italy. Buzzi, an Italian cement company with global operations, is trialling Nuada’s advanced carbon capture technology as a solution to produce low-carbon cement, leading the way in cement industry decarbonisation. This pilot project marks a significant milestone in carbon […]
Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore
Acquisition adds 14 MTPA capacity, total now 89 MTPA Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL […]
Dalmia Cement (Bharat) to acquire 18% stake in a wind power entity
Dalmia Cement (Bharat) (DCBL), wholly owned subsidiary of Dalmia Bharat, has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on 05 April 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares aggregating to Rs.7,80,99,997 in one or more tranches […]
Shree Cement launches Bangur Concrete with new RMC plant
Shree Cement has launched Bangur Concrete, inaugurating its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The new plant has a production capacity of 90m3/hr. Earlier in March, Shree Cement acquired five operational plants from StarCrete in Mumbai, raising its combined RMC capacity to 512m3/hr. This move marks a significant step in the company’s […]