India’s largest cement maker ACC has announced that the conglomerate has acquired 40% equity stake in Goa-based Alcon Cement Company for Rs 222.5 million.

Alcon has a clinker grinding and cement packing plant in Goa with a production capacity of 500 tonnes a day. It entered into a joint venture with ACC for technical and marketing support.

According to the sources, the equity stake was acquired in the previous quarter. 

Dalmia Cement Bharat has informed that its subsidiary named ‘Dalmia Cement Ventures Limited’ is setting up greenfield cement plants of up to 10 million tons per annum (MTPA) capacity in different parts of the country.

The company is setting up two greenfield plants at Cuddapah (Andhra Pradesh) and Ariyalur (Tamil Nadu) with a capacity of 2 MTPA each.

Dalmia Cement currently operates a 3.5 MTPA plant in Tamil Nadu. The company also holds a 21.7% stake in OCL India Ltd., having a capacity of 2 MTPA which is being expanded to 4 MTPA.

The hangover of T20 is still not over.

As part of its growth plans, JK Lakshmi Cement has decided to add up five