ENVIRONMENT FACTOR – Holcim’s exit is part of the group’s ‘strategy 2025’ that aims for sustainable solutions for the building materials sector. The significance of cement in the overall group is already declining compared to ready mix concrete, aggregates, roofing, and green building solutions.
- The sale of the Indian operations, which included 31 cement plants, would lower Holcim’s CO2 profile, Holcim Chief Executive Jan Jenisch said, Reuters reported.
- Making cement is an energy intensive industrial process which produces high levels of carbon, a situation which has deterred many investors and weighed on Holcim’s share price.
Its shares were indicated 2.9 per cent higher in premarket activity. “Around 26% of our CO2 emissions are in India, so we will have a much reduced CO2 footprint,” Jenisch said. “We will always make cement, but we will decarbonise cement. We are happy to build up other segments like building solutions and products,” he said.
Contents
What are the top 10 cement companies in India?
List of Top 10 cement company in India 1 UltraTech Cement Ltd 2 Ambuja Cements Ltd 3 ACC Ltd 4 Shree Cement Ltd 5 Dalmia Bharat Ltd 6 Birla Corporation Limited 7 India Cements Ltd 8 The Ramco Cements Limited 9 Orient Cement Ltd 10 HeidelbergCement India Ltd
What is the future of cement industry in India?
Top Cement Companies in India –
- UltraTech Cement Ltd. is the largest manufacturer of grey cement, RMC, and white cement in India.
- Shree Cement Limited’s principal products/services are cement and clinker.
- Ambuja Cements Limited is an India-based holding company engaged in the manufacturing of clinkers and cement.
Is Holcim Group leaving India?
Holcim Group, world’s biggest cement maker, may leave India putting Ambuja, ACC up for sale World’s biggest cement maker may leave India putting Ambuja, ACC up for sale New Delhi : 17 years after it came into India,, the world’s largest cement maker, may leave the country putting its twin listed arms and Ltd up for sale. The move is part of ‘s global strategy to focus on core markets.
- The cement behemoth has engaged in early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels, according to people aware of the matter, quoted by Economic Times.
- Holcim’s head of media relations in its headquarters Zug, Switzerland, said “we do not comment on rumours”.
Related News Related News
- Ambuja-ACC deal
- The sale of Ambuja and ACC will come as blow to regional cement operators like Shree Cement as any player taking over them would acquire the second position with a combined pan India capacity of 66 million tonnes per annum in the highly competitive, fragmented and price sensitive market.
The largest cement maker in the country is Aditya Birla Group’s with a capacity of 117 MTPA. As on April 13, 2022, the combined market capitalisation of Ambuja and ACC is Rs 1.14 lakh crore with the former being at Rs 73,349 crore. Cement analysts opine that Holcim has identified specialty building solutions and high-end energy efficient renovations as a key focus in the near future, as part of a global re-evaluation of its sprawling portfolio, which will lead to divestitures of legacy operations.
The company had stated last November that they will reach 30 per cent of group net sales in Solutions & Products” while announcing its new vision. “This business will expand its range of integrated solutions and systems from construction and energy efficiency to repair and refurbishment,” it added. “Consolidation of Holcim’s interest into a single entity would enable better planning for incremental capacity additions, particularly brownfield, leveraging group-level resources, optimised logistics for raw materials, clinker, and cement; better use of cash, enhancing liquidity and conveying the message of a progressive, strategic-thinking organisation,” said Lokesh Garg, analyst at Credit Suisse recently.
As Holcim owns a large shareholding in Ambuja and only has a small fraction directly in ACC, a potential buyer can only buy out Holcim’s 63 per cent in the former and then trigger an open offer for an additional 26 per cent in Ambuja Cement, as per officials in the know of it.
Who is the largest manufacturer of grey cement in India?
1. UltraTech Cement Ltd – UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. Ultratech is the Largest among the top 5 cement companies in India, Ultra tech is the subsidiary of Grasim Industries which is owned by Aditya Birla Group.
Revenue: Rs 38,657 CrProduction capacity: 102.75 MTPA Employees : 120,000 Market Share: 21.4 %
The company has a consolidated capacity of 102.75 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech Cement has 20 integrated plants, 1 clinkerisation plant, 26 grinding units, and 7 bulk terminals. It is the leading cement companies in India. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka.
Market Cap: 107,207 Cr.Stock P/E: 35.61 Dividend Yield: 0.29 %ROCE: 10.22 %ROE: 8.58 %Sales Growth (3Yrs): 14.12 % Promoter holding : 61.68 %Debt to equity: 0.80 Price to book value: 3.78
In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has a white cement plant with a capacity of 0.56 MTPA and 2 WellCare putty plants with a combined capacity of 0.8 MTPA. Ultra Tech is one of the best cement company in India.
Is Holcim Group leaving India?
Holcim Group, world’s biggest cement maker, may leave India putting Ambuja, ACC up for sale World’s biggest cement maker may leave India putting Ambuja, ACC up for sale New Delhi : 17 years after it came into India,, the world’s largest cement maker, may leave the country putting its twin listed arms and Ltd up for sale. The move is part of ‘s global strategy to focus on core markets.
- The cement behemoth has engaged in early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels, according to people aware of the matter, quoted by Economic Times.
- Holcim’s head of media relations in its headquarters Zug, Switzerland, said “we do not comment on rumours”.
Related News Related News
- Ambuja-ACC deal
- The sale of Ambuja and ACC will come as blow to regional cement operators like Shree Cement as any player taking over them would acquire the second position with a combined pan India capacity of 66 million tonnes per annum in the highly competitive, fragmented and price sensitive market.
The largest cement maker in the country is Aditya Birla Group’s with a capacity of 117 MTPA. As on April 13, 2022, the combined market capitalisation of Ambuja and ACC is Rs 1.14 lakh crore with the former being at Rs 73,349 crore. Cement analysts opine that Holcim has identified specialty building solutions and high-end energy efficient renovations as a key focus in the near future, as part of a global re-evaluation of its sprawling portfolio, which will lead to divestitures of legacy operations.
- The company had stated last November that they will reach 30 per cent of group net sales in Solutions & Products” while announcing its new vision.
- This business will expand its range of integrated solutions and systems from construction and energy efficiency to repair and refurbishment,” it added.
- Consolidation of Holcim’s interest into a single entity would enable better planning for incremental capacity additions, particularly brownfield, leveraging group-level resources, optimised logistics for raw materials, clinker, and cement; better use of cash, enhancing liquidity and conveying the message of a progressive, strategic-thinking organisation,” said Lokesh Garg, analyst at Credit Suisse recently.
As Holcim owns a large shareholding in Ambuja and only has a small fraction directly in ACC, a potential buyer can only buy out Holcim’s 63 per cent in the former and then trigger an open offer for an additional 26 per cent in Ambuja Cement, as per officials in the know of it.
Why did Adani buy Holcim’s cement business in India?
Holcim cement Switzerland-based world’s top cement maker Holcim is making an exit from the Indian market. Gautam Adani’s conglomerate clinched a deal to buy Holcim AG’s cement businesses in India for $10.5 billion, becoming the country’s number 2 cement manufacturer.
- The divestment by Holcim marks its latest effort to reduce exposure to carbon-intensive cement production and boost its environmental, social and corporate governance (ESG) credentials.
- Holcim, which had entered the market 17 years ago, held a 63.19 per cent stake in Ambuja and a 4.48 per cent in ACC, while Ambuja owns a 50.05 per cent stake in ACC.
Ambuja and ACC combined have the capacity to produce at least 70 million tonnes of cement annually, second only to UltraTech Cement, which boasts a capacity of 120 million tonnes. Together, Ambuja and ACC own 31 cement making facilities and employ over 10,700 people.
How is the operation of Damoh Cement Company in India?
10. HeidelbergCement India Ltd – Heidelberg Cement India Limited is is a subsidiary of HeidelbergCement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh) and in Southern India at Ammasandra (Karnataka).
Revenue: Rs 2,182 CrProduction capacity:5.4 MTPAEmployees: 1100 Market Share: 1.1 %
The Company increased its capacity to 5.4 million tones p.a. through brownfield expansion of its facilities in Central India in 2013. It is 10th in the list of top 10 cement companies in India.
Market Cap: 4,357 Cr.Stock P/E: 17.53 Dividend Yield: 2.08 %ROCE: 24.83 %ROE: 19.90 %Sales Growth (3Yrs): 8.98 %Promoter holding: 69.39 %Debt to equity: 0.44 Price to book value: 3.72
The new manufacturing capacity has enabled the Company to increase its market share in Central India i.e. Madhya Pradesh and Uttar Pradesh and in markets of Bihar, Haryana, and Uttarakhand.
| No | Company Name |
| 1 | UltraTech Cement Ltd |
| 2 | Ambuja Cements Ltd |
| 3 | ACC Ltd |
| 4 | Shree Cement Ltd |
| 5 | Dalmia Bharat Ltd |
| 6 | Birla Corporation Limited |
| 7 | India Cements Ltd |
| 8 | The Ramco Cements Limited |
| 9 | Orient Cement Ltd |
| 10 | HeidelbergCement India Ltd |
Top 10 Cement Companies in India
