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  • Lenders finalizing debt restructuring package for ABG

    ABG Cement, which is part of the group that also owns ABG Shipyard Ltd, currently runs a 6 million tonnes per annum cement plant in Gujarat. Lenders finalizing debt restructuring package for ABG ...

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    02.07.2015  News Displaying items by tag: ABG Cement. Displaying items by tag: ABG Cement. Subscribe to this RSS feed . KKR backs SIMEC on ABG Cement buyout 02 July 2015 India: According to The Economic Times, private equity company KKR will team up with diversified trading and commodities group SIMEC to invest US$142m to take over the cement business of debt-laden ABG

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    ABG Group’s cement business housed under ABG Cement comprises a 5.8-million-tonne grinding unit at Surat and a 3.3 million tonne clinker unit at Kutch near limestone reserves. “As per the agreement, management control will remain with ABG Cement for the first 7-8 years though the majority stake will be with the new investor,” said Datar.

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    Jul 13, 2018 ABG Cement Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ABG Cement Blogs, Comments and Archive News on . Get Price; ABG plans Kutch plant, India International Cement ABG Cement Limited is planning to set up a clinker and cement plant at Thumbdi, Kutch, Gujarat.

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  • UltraTech cement to purchase cement plant in Gujarat

    By: Baiju Kalesh MUMBAI: India's largest cement maker, Aditya Birla Group-owned UltraTech Cement, has begun talks to purchase an incomplete 6.7-million-tonne cement plant in Gujarat owned by ABG Cement (ABGCL), a person with direct knowledge of the development said. "Executives of both UltraTech Cement and ABG had three rounds of negotiations," the same person said.

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    Cement News tagged under: ABG Cement KKR backs SIMEC to invest in ABG Cement, India 01 July 2015, Published under Cement News Private equity firm KKR is teaming up with diversified trading and commodities group SIMEC to invest INR9bn (US$141.5m) to take over the cement business of debt-laden ABG Group.

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    ABG set to bring new cement ventures on-stream, India 18 January 2013, Published under Cement News The ABG Group of India is set to start production from its new cement ventures this quarter. Under ABG Cement Ltd, the company is constructing a 3Mta clinker unit in the village of Thumdi in Kutch and a 5.8Mta grinding works in the village of Mora, Surat, Gujarat state.

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    ABG Cement has been planning a 5.8Mt/yr cement plant in Gujarat since 2010. However, due to significant cost and time overrun, only a 3.3Mt/yr clinker plant at Kutch near the limestone reserves was completed. Agarwal ran out of money to complete the grinding unit at Surat. The plant is ultimately expected to produce slag cements with blast furnace slag coming from Essar Steel. It will be the ...

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    The materials of processing: *

    • Granite
    • Limestone
    • Basalt
    • Pebble
    • Gravel
    • Gypsum
    • Marble
    • Barite
    • Quartz
    • Dolomite
    • Gold Ore
    • Copper ore
    * *

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