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Nirma is making this acquisition through its subsidiary Nuvoco Vistas Corporation Limited. The acquisition will bring Nuvoco's total cement capacity in Eastern, Northern and Western India to 23.5...
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NEW DELHI: Nuvoco Vistas Corporation, building materials company and part of the Nirma Group, has entered into a share purchase agreement with Emami Group for the acquisition of 100% shareholding of Emami Cement (ECL) for an enterprise value of Rs 5,500 crore.
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Nuvoco Vistas Corporation, building materials company and part of the Nirma Group, has entered into a share purchase agreement with Emami Group for the acquisition of 100% shareholding of Emami Cement (ECL) for an enterprise value of Rs 5,500 crore. The proposed transaction is subject to approval by the Competition Commission of India (CCI). Hiren Patel, chairman - Nuvoco, said, [.]
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Home / Companies / How Nirma plans to fund one of India's biggest cement buys How Nirma plans to fund one of India's biggest cement buys Promoters of Nirma plan to fund Rs4,000 crore through bond...
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Send me a copy: Ahmedabad-based diversified conglomerate Karsanbhai Patel-led Nirma Ltd, which acquired the 11 million-tonne cement business of Lafarge India for about Rs 9,400 crore ($1.4 billion; equivalent to $127 per tonne), is trying to establish itself more as a commodity conglomerate and de-risk its soda ash and detergents businesses ...
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Soon after Nuvoco will merge itself with the Nirmax business in Rajasthan, it is expected to become one of the most prominent players in the industry. The development will bring the total cement capacity in India (Northern, Eastern and Western region) to over 23 million tonnes through the 60 ready to mix plants.
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The project involves expanding clinker production capacity from 1.48 mtpa to 4.38 mtpa, cement production capacity from 2.28 to 6.14 mtpa, captive power plant capacity from 25 MW to 60 MW, waste heat recovery power plant capacity from 4.7 MW to 15 MW. The project cost is estimated at ₹ 9,000 million. Company Profile : Nirma Ltd Pali
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Simplifying life A name trusted in every across India with decades of experience, Nirma offers quality products ranging from cosmetics, soaps, detergents and salt that fit into life, making it simple and effortless. Read More... Chairman's Statement Careers Distribution Vendor Registration
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Manager at Nirmax Cement Nirma Limited. Jodhpur, Rajasthan, India 500+ connections. Join to connect Nirmax Cement, Nirma Limited. M.B.M.Engineering College, Jodhpur. Report this profile About learning skills and updating self in order to contribute the company with team work ...
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The Nirma deal comprises integrated cement plants at Sonadih in Chattisgarh, Arasmeta in Chattisgarh and Chittorgarh in Rajasthan, and cement grinding plants at Jojobera in Jharkhand and Mejia, West Bengal. Other assets include 63 ready mix concrete plants, two aggregate plants and a blending unit.
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Nirma Group Arm To Buy Emami's Cement Business In INR 5,500 Crore Deal ... two each in Rajasthan and West Bengal, and one each in Bihar, Jharkhand, Odisha, and Haryana. Nuvoco's cement sales will ...
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Besides its recent foray in cement, Nirma has a presence in soaps and detergents, salt, soda ash, caustic soda, linear alkyl benzene and other chemicals. With this acquisition, Nirma said it would be among India's top 10 cement players with a footprint in eastern, northern and western India and a combined capacity of 13 mt.
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This acquisition is Nirma's 2nd cement acquisition in east India. In 2016, it acquired Lafarge India's cement assets at an enterprise value of USD 1.4 billion. ... West Bengal, Rajasthan and Haryana. ii.It is engaged in manufacturing and sale of a variety of grey cements (including Portland Pozzolana cement, Portland Slag Cement and ...
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On July 11, Nirma said it is buying the Indian assets of French cement-maker Lafarge for a staggering $1.4 billion. Lafarge India is part of LafargeHolcim, the world's largest cement company ...
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In 2016, the ₹7,000-crore Ahmedabad-based Nirma Group made waves by acquiring 11 million tonne of cement production capacity of French cement major Lafarge for ₹9,400 crore, pipping large companies...
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This is Nirma's second cement acquisition in east India. In 2016, Nirma acquired Lafarge India's cement assets at an enterprise value of $1.4 billion. ... two each in Rajasthan and West Bengal ...
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The deal augurs well for Nirma as it already has a cement plant in Rajasthan Now with 13-14 million-tonne capacity, Nirma will emerge as a serious player in India's cement landscape
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The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol (2.2 MMTPA). Thereafter, grew the business, through the acquisitions of Lafarge India Limited in 2016 (11 MMTPA) and NU Vista Limited, formerly Emami Cement Limited in 2020 (8.3 MMTPA).
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In addition to the six plants, Nirma itself has a standalone cement unit in Rajasthan with capacity of around 2 million tonnes per annum. Higher output Domestic cement production in first nine months of 2017-18 was 216.5 million tonnes, higher by 2.7 per cent, compared with 210.8 million tonnes in the corresponding year-ago period.
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Nirma was de-listed from the stock exchange in 2011 however it has continued to be a detergent brand across the country. Nuvoco Vistas Corporation Ltd, a Nirma group company, filed a draft with SEBI to launch an IPO worth Rs 5,000 crore on May 6 which after approval will now be open for subscription from August 9 at a price band of Rs 560-570 per share of the face value of Rs 10 each ...
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Nirma already has a 2.28-mt capacity cement plant in Rajasthan that it commissioned in November 2014 after investing Rs 1,300 crore. "The Patels of Nirma were aggressive to get into a market that is set for growth over the long term," said a banker familiar with the development.
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Last Updated at September 17, 2017 14:08 IST Follow us on Emami Cement Ltd is contemplating to set up cement making plants in Rajasthan and Andhra Pradesh. The company has bagged limestone deposits in both the states. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
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Contact for Non trade cement only. 9785393939. 9782970790. Name. Contact. No of bags. Pin code / Zip code / Postal Code.
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Nirma Ltd. (Cement Division) RAJASTHAN 94. NU VISTA LIMITED ... Shekhawati Cement RAJASTHAN 119. SHIVA CEMENT LIMITED 1. SHIVA CEMENT LIMITED, KUTRA ODISHA 120. SHIVA INDUSTRIES ...
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The supplier company is located in Pali, Rajasthan and is one of the leading sellers of listed products. Nirma Cement Pvt. Ltd. is listed in Trade India's list of verified sellers offering supreme quality of etc. Buy in bulk from us for the best quality products and service. BUSINESS TYPE Manufacturer, Supplier WORKING DAYS Monday To Sunday
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MUMBAI: Low-profile soap-to-soda ash enterprise Nirma has agreed to buy French cement major Lafarge's local business for an enterprise value of Rs 9,400 crore ($1.4 billion). This deal would catapult the Ahmedabad-based Nirma to the list of top 10 cement manufacturers in India, the world's second largest building materials market, after China.
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Nirma Group acquired Emami Cement Limited (ECL) for an enterprise value of INR 5,500 crores. ECL operates one integrated cement plant in Risdah, Chhattisgarh; and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum; and with mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh.
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The Rs 7,000-crore-plus Ahmedabad company on Monday agreed to buy French cement major Lafarge's local business for an enterprise value of Rs 9,400 crore ($1.4 billion), pipping bigger names like Piramal and JSW. Nirma will finance the acquisition, among the most profitable assets in the country, through a mix of equity and debt.
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(Reuters) Nirma on Monday bagged the 11-million-tonne cement assets of LafargeHolcim for an enterprise value of $1.4 billion (R9,300 crore), beating larger rivals like JSW Cement and the Ajay...
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Nirma Ltd's aggressive bid of $1.4 billion to buy LafargeHolcim's cement business of around 11 million tonnes per annum was quite a surprise, simply because it beat conglomerates like the ...
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JK Cement Ltd. JK Cement has an experience of three decades in cement manufacturing. From the beginning in 1974 with a capacity of 0.3 million tonnes at Nimbahera in Rajasthan, today JK Cement has 6 kilns of different capacities with a combined annual capacity of 7.5 million tonnes.
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SIDDHI VINAYAK CEMENT Ltd (Nirma Group). Was incorporated on 2008, The company is also known by its abbreviated name SVCL. The company is commissioning a Greenfield cement plant with a capacity of producing 2.0 Million tons per annum. This project is coming up in Rajasthan. The plant is utilizing latest state-of-the-art technology.
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India: Nirma Ltd's subsidiary cement producer Nuvoco Vistas has announced that it has entered into an agreement with Emami Group for the acquisition of the latter's 8.3Mt/yr-capacity cement business, including a 2.5Mt/yr integrated plant in Chhattisgarh and three grinding facilities. The company says that with the completion of a capacity expansion to its 4.6Mt/yr Jojobera, Jharkhand ...
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Nuvoco Vistas Corporation Ltd, a Nirma group company, has filed a draft red herring prospectus with SEBI to launch an IPO worth Rs 5,000 crore. The issue will have a fresh issue of shares of up to Rs 1,500 crore and an offer-for-sale (OFS) of Rs 3,500 crore by the promoter selling shareholder Niyogi Enterprise Private Ltd which currently has an ...
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