Orient Cement Devapur Cement Plant
From Global Energy Monitor
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Background
In August 2021, the company announced its plans to invest US $215 million to increase the production capacity of its 7.5Mt/yr Devapur, Telangana, cement plant to 11.5Mt/yr.[1] The company previously expanded the plant’s capacity from 3.0Mt/yr at a cost of US $290 million in 2019.[1][2] In May 2023, Orient Cement laid the foundation stone of an expansion to the Devapur cement plant which will increase plant capacity by 60% to 8 mtpa.[3]
Orient Cement Ltd (OCL) was incorporated in July 2011.[4] In 2024, Ambuja Cements entered into a binding agreement to acquire 46.8% stake in Orient Cement Ltd at an equity value of INR 8,100 crore. The acquisition was part of Ambuja Cements' wider strategy reach its target capacity of 140 mtpa by 2028.[5]
- ↑ 1.0 1.1 staff, Global Cement (2021-08-09). "Orient Cement plans capacity expansion at Devapur cement plant to reach 11.5Mt/yr". www.globalcement.com. Retrieved 2025-02-05.
- ↑ staff, Global Cement (2018-07-23). "Orient Cement to upgrade Devapur plant". www.globalcement.com. Retrieved 2025-02-05.
- ↑ staff, Global Cement (2023-05-09). "Orient Cement commences US$242m Devapur cement plant expansion". www.globalcement.com. Retrieved 2025-02-05.
- ↑ "Orient Cement Limited (Revised)" (PDF). CareEdge Ratings. 2024-10-29. Retrieved 2025-02-05.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Adani acquires Orient Cement at INR 8,100 crore equity value" (PDF). Ambuja Cements. 2024-10-22. Retrieved 2025-02-05.
{{cite web}}: CS1 maint: url-status (link)
