India’s JSW Steel can acquire Heidelberg cement plant
India’s JSW Steel can acquire Heidelberg cement plant
JSW Steel has received approval from Competition Commission of India (CCI) to acquire the grinding facility of Heidelberg Cement at Raigad in Maharashtra. It has an annual output of 600,000tonnes.
December 19, 2013
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RSSJSW Steel has received approval from Competition Commission of India (CCI) to acquire the grinding facility of 674 HeidelbergCement at Raigad in Maharashtra. It has an annual output of 600,000tonnes.
FLSmidth has received an order from Indian cement manufacturer Orient Cement for the supply of main equipment for a greenfield plant in the state of Karnataka in southern India. The plant will have a capacity of 6,000tonnes/day, and the order is reportedly worth over DKK 200 million (€26.8 million). Under the agreement, the order covers engineering and supply of main equipment from limestone crusher to packing plant.
JSW Group of India, a conglomerate with interests in steel and cement, is planning to venture into the industrial paints market due to high internal demand for steel coatings.
The project may start in Maharashtra at the site of the company in Dolvi.
Meanwhile, the cement business of the company will get an additional INR 20 billion (€278.04 million/US$ 301.96 million) for brownfield expansion over the following 24 months to increase output to 16 million tonnes from 6 million tonnes.