Chanderpur Group

About four companies – Sagar Group Based out there in Hyderabad, Dalmia Bharat and two other companies -  are bidding to acquire Murli Industries 3 million tonne capacity integrated cement plant located in Nagpur, sources monitoring the development revealed to Moneycontrol. The creditors have made several efforts in the past to sell the distressed assets of the company to recover their investment in the company, which is promoted by Nagpur’s Maloo family Murli Industries, based in Nagpur’s Chandrapur district, has been shut down for over a year and includes a 2 MTPA cement grinding unit. Murli Industries, with interests in pulp manufacturing, power paper and solvent, is currently indebted to lenders to the tune of Rs 1,800 crores. Murli Industries had filed for bankruptcy and had their case admitted by the Mumbai bench of the National Company Law Tribunal way back in April. An anonymous source had revealed that “One of the two companies has placed a bid for the entire busin...

The cement unit of Emami’s Group said it is aiming at retail sales worth Rs 2000-2200 crore with some profit rolling in during the first full year of their operation in 2018. According to Emami’s Cement full-time director & CEO Vivek Chawla  "We are looking at 3.2 million tonnes of cement sales in 2017-18 and look forward to some profit also.” The company is steadily increasing its market share in the six states where they are currently operating. As the current fiscal year ends, the capacity of their integrated cement plant would have gone from four million tonnes to six million tonnes. And according to Chawla "We are manufacturing cement in Raipur, Chattisgarh (mother plant) and West Bengal. By January 2018, the Odisha plant will be operational." Tiwari said that the cement company would double their sales outlet from its current 4300 by the end of this financial year to expand its reach which would translate to a boost in their market share by 2018-19...

Visaka Industries, one of the largest producers of fibre cement boards in India, is currently in discussions with different state governments for usage of their integrated solar panel with a concrete base as roofs in the state's affordable housing projects. The states they are in talks with are West Bengal, Delhi and Telangana. They are already setting up a manufacturing plant based in Telangana for this purpose. The Joint Managing Director of Visaka Industries, Vamsi Gaddam, “While we have already submitted proposals to the three state governments, Telangana government has responded positively and has asked us to carry out pilot projects to 3 houses each in Sangareddy and Yadadri districts which are being constructed under the government’s 2BHK scheme”. Their new product, Atum solar roofing system, would be targeting enterprises and industries that have metal roofs at their facilities. Atum solar roofing system will help reduce thermal conductivity relative to the u...