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Chennai, Oct 11 JSW Cement on Tuesday said it will invest over Rs 3,200 crore to set up an integrated greenfield cement manufacturing facility in Madhya Pradesh as well as a split grinding unit in Uttar Pradesh. The combined cement capacity across both these units will be 5 million ton per annum (MTPA), the company said. The proposed investment includes an integrated cement plant with 2.5 MTPA clinker capacity, 2.5 MTPA grinding capacity, 15 MW Waste Heat Recovery System, a modern ...
JSW Cement to invest Rs 3,200 crore in MP, UP
India Cements Ltd on Monday said it has sold its subsidiary Springway Mining Private Ltd (SMPL) owning limestone land for Rs.476.87 crore to JSW Cement Ltd. Springway Mining was in the process of setting up a cement mill in Madhya Pradesh. According to India Cements, out of the total consideration, a sum of Rs 373.87 crore has been received on Monday. The balance Rs 103 crore will be received on completion of certain conditions of the Share Purchase Agreement, on or before Dece...
India Cements sells limestone mining, cement subsidiary to JSW Cement for Rs 476.87 cr
Maruti Suzuki India vehicle production rises two-fold to 177k units in Sep Maruti Suzuki India on Monday reported an over two-fold rise in its vehicle production at 1,77,468 units in September 2022. The company had produced a total of 81,278 units in the same month last year. "The shortage of electronic components had a minor impact on the production of vehicles during the month," Maruti Suzuki India said in a regulatory filing. JSW Cement secures Rs 400 cr as sustainability-l...
Key Stock News: Maruti Suzuki, JSW Cement, fintech, Nykaa, Zee Entertainment, Zydus Lifesciences - ARETE Securities
Key News Piramal Pharma invests Rs 101.77 cr for minority stake in Yapan Bio Piramal Pharma on Tuesday said it has invested Rs 101.77 crore in Hyderabad-based Yapan Bio to augment the capabilities of its contract development and manufacturing organisation (CDMO) business. The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment. The investment will allow Piramal Pharma to strengthen Piramal Pharma Solutions (PPS), its CDMO business, by broadeni...
Key News - Piramal Pharma, JSW Cement, CSB Bank Ltd, Indian Oil Corporation Ltd, Myntra By ARETE Securities
The State Bank of India (SBI) has acquired a minority stake in JSW Cement by investing Rs 100 crore in the cement manufacturer via a compulsorily convertible preference shares (CCPS). "The conversion of such CCPS into common equity of the company will be linked to the company's future business performance and valuation determined at the time of the proposed initial public offering," the cement producer said. Accordingly, this capital infusion will support JSW Cement's ...
JSW Cement says SBI acquires Rs 100cr worth stake in Company
Following the successful integration of its retail trade across Steel and Cement into JSW One in the East, the $12 billion JSW Group will now have a single group interface for all its Large Project divisions in the Steel and Cement businesses. The Indian conglomerate has created Aikyam, a technology platform where details can be accessed by the Managers of Large Project Divisions from both these businesses to capitalize on the potential opportunities. Aikyam will digitize the end-to-end...
JSW Grp amalgamates Large Project divisions of Steel & Cement businesses
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