Cement, Energy & Environment

Merger & Acquisition Andhra Pradesh-based cement company with 3.2 million tonne per annum plant near Kurnool. SHRIRAM SELLS CEMENT UNIT FOR ~1,400CR Irish cement maker CRH, through its joint venture with Hyderabad-based My Home Industries, has acquired Sree Jayajothi Cements , a unit of southern conglomerate Shriram Group, for Rs 1400 crore ($230 million). The $9-billion Shriram Group forayed into the capex-heavy cement sector after non-payment of EPC dues of nearly Rs 500 crore by Sree Jayajothi, which was converted into equity. Jayajothi Cements , in which the listed Shriram EPC held 68% stake, has been seeking suitors. Sunday's deal paves way for the complete exit of Shriram and minority shareholder Jayavilas Group (the original promoters of Jayajothi} from the This is one of the larger recent M&A deals in the Indian cement sector, which is tipped to witness massive consolidation, triggered by overcapacity in a slowing economy. Courtesy : The Times of lndia,Chennai, 12.08.2013 Energy Efficiency &Conservation MEMBER CEMENT PLANT BAGS " 14TH NATIONAL AWARD FOR EXCELLENCE IN ENERGY MANAGEMENT 2013" Confederation of Indian Industry th National Award for xcellence in Energy ManagerY11-- Dr. B.N. Mohapatra (AVP, QC & Env.), Mr. Sanjay Lonkar (GM, Electrical), Mr. S.K. Sahoo (Sr. Manager, lnst.) & Mr. Parag Gupta (Manager, Elect.) receiving "14 1 h National Award for Excellence in Energy Management 2013" by Confederation of Indian Industry (C/1), Hyderabad, from Dr. Ajay Mathur, Director General, BEE Vikram Cement Works has been awarded with prestigious award in energy conservation field by Confederation of Indian Industry (C II }, Hyderabad on 20th August 2013. VCW is honored as "Excellent Energy Efficient Unit" in "14th National Award for Excellence in Energy Management 2013" for their commendable efforts towards conservation of energy, use of AFR, proactive measures for environmental protection , Clean Development Mechanism (COM) & for use of innovative practices on Energy & Environment. Contodorallon of Indian Industry 14"' National Award for Excellence in Energy Management 2013 UI.TRATI!CH CI!MI!NT I. TO. UNIT: VIKRAM CI!MI!NT WORKS, KHOR IIC_r> // ' Cp (.->//.- . ' (;// ., II u "" f'rJZ&I':&&e/t. rr~a,.....,.RP rr.y/t&~e/1..- U.A.~>~> ·TIIo.• '·' bt•m 1 J II"''" '"' complrt 11111 •!I 1 he •V.ttrtll/111 CciiiiJII'flf mnfm J.,,..fl;.,,..,, .,,,_,.'/\' •If,""''/'''"'''" flo·lil "" 1'1 .U 2 11 ·111 1/t"t .!111 1 oil H vdi·rab.r.l o(,.~ S AAOHUPATHV Or NAUSHAO FORBES l S OANAPATI 'II~·· ... ~~. ..... ,r1 ~ l o ........ I Jo Y•• ·~ ~~~--------------------------~ 12 I