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Mahabal Cement — Ownership, Projects & Industry Outlook

Short intro: Mahabal Cement is an emerging private cement company that has been in the news for a large Assam investment MoU and questions around ownership. This article explains who owns it, whether it’s listed, the Adani claims, project plans and what it means for investors and local communities.

1) MAHABAL CEMENT
SEO snippet: Mahabal Cement is a privately incorporated cement firm (Mahabal Cement Private Limited) that has announced major project plans in Assam; it is distinct from larger listed cement names.
Mahabal Cement Private Limited was incorporated as a private company (CIN shown in corporate registries) and has been reported as the promoter of a large proposed cement complex in Assam following an MoU signed at the Advantage Assam summit in 2025. Public filings and company directories show it registered as a private limited entity (incorporation data and registered address). ZaubaCorpTracxn

LSI keywords: Mahabal Cements Pvt Ltd, Mahabal Cement profile, Mahabal Cement Pvt Ltd incorporation, Mahabal cement Assam project

External links (separate, descriptive, open in new tab):
• Mahabal Cement company listing (ZaubaCorp) — <a href="https://www.zaubacorp.com/MAHABAL-CEMENT-PRIVATE-LIMITED-U74999WB2022PTC251322" target="_blank" rel="nofollow">Mahabal Cement Private Limited — ZaubaCorp</a>. ZaubaCorp
• Mahabal Cement company snapshot (Tracxn) — <a href="https://tracxn.com/d/legal-entities/india/mahabal-cement-private-limited/__TTbYfoov8uySxFyQqQIeHMM_fF0LflrJNwu61-DeCs4" target="_blank" rel="nofollow">Mahabal Cement — Tracxn</a>. Tracxn

2) MAHABAL CEMENT OWNER
SEO snippet: Ownership records show Mahabal Cement as a private company; reporting on group connections is mixed — check corporate filings for director names and declared subsidiaries.
Public corporate databases list Mahabal Cement Private Limited with a West Bengal registration and a small paid-up capital (typical of a private special-purpose vehicle for infrastructure projects). Director and management details appear in business directories; multiple sources list Mahabal group names and management personnel associated with the Mahabal brand. For definitive ownership, corporate filings (MCA/Registrar of Companies filings) and the company’s articles are the primary records to consult. ZaubaCorpmahabalgroup.com

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External links:
• Registrar snapshot / company details — <a href="https://www.thecompanycheck.com/company/mahabal-cement-private-limited/U74999WB2022PTC251322" target="_blank" rel="nofollow">Mahabal Cement — TheCompanyCheck</a>. The Company Check

3) MAHABAL CEMENT OWNER ADANI
SEO snippet: Claims circulated linking Mahabal Cement to the Adani Group have been publicly denied by Adani; treat social-media claims with caution and rely on official statements.
In mid-August 2025 the Adani Group issued a formal media statement denying any ownership, affiliation or connection with Mahabal Cement; the Group described linking its name to Mahabal Cement as "mischievous" and asked media and the public to verify facts. Local and national reporting amplified both the claims and the Adani rebuttal, so verify ownership using official company filings rather than social posts. AdaniET Now

LSI keywords: Mahabal Cement Adani link, is Mahabal Cement owned by Adani, Adani media statement Mahabal

External links:
• Adani Group media statement — <a href="https://www.adani.com/newsroom/media-releases/media-statement-18-08-2025" target="_blank">Adani Group — Media statement (no rel="nofollow" because this is an official company release)</a>. Adani

4) MAHABAL CEMENT COMPANY OWNER
SEO snippet: Some corporate pages and industry releases place Mahabal Cement as a private project company; alternative reports suggest links to larger groups — read both registry data and group disclosures to reconcile.
There are two threads in public information: (a) corporate registries identify Mahabal Cement Pvt Ltd as a private company registered in West Bengal; (b) some industry pages and a subsidiary list on other cement group websites mention companies with similar names in connection with established cement groups. This can happen when project SPVs are formed, or when big groups acquire or hold SPVs; however, the single authoritative source for ownership is the MCA (Ministry of Corporate Affairs) filing and the company’s own disclosures. For practical purposes, treat Mahabal Cement as a private SPV unless and until a listed group formally declares ownership in statutory filings. ZaubaCorpJK Lakshmi Cement -

LSI keywords: Mahabal cement company owner details, corporate filings Mahabal Cement, Mahabal SPV ownership

External links:
• JK Lakshmi Cement — Subsidiaries page (lists similarly named entities) — <a href="https://www.jklakshmicement.com/our-subsidiaries/" target="_blank">JK Lakshmi Cement — Our Subsidiaries</a>. JK Lakshmi Cement -

5) MAHABAL CEMENT ADANI
SEO snippet: Public confusion linking Mahabal Cement to the Adani Group triggered clarifications and fact-checking; local court cases about land allocation added to the media attention.
Multiple media outlets picked up an allegation that the land allotment in Assam related to Adani; that narrative spread on social platforms. However, Adani publicly disavowed any connection and fact-checking outlets clarified the situation, while local courts questioned the land-allotment process to Mahabal Cement Pvt Ltd. The key takeaway: the Adani–Mahabal linkage in many posts was inaccurate, and the real issues being litigated are about land allocation and regulatory compliance with tribal-area protections in Assam. ET NowLive LawFACTLY

LSI keywords: Mahabal Adani controversy, Adani denies Mahabal, Mahabal Assam land allotment news

External links:
• LiveLaw — Gauhati High Court coverage of land allotment to Mahabal Cement — <a href="https://www.livelaw.in/top-stories/3000-bighas-of-land-given-to-a-private-company-is-this-a-joke-gauhati-hc-takes-exception-to-allotment-of-land-to-cement-company-301153" target="_blank" rel="nofollow">LiveLaw: Gauhati HC on land allotment</a>. Live Law

6) MAHABAL CEMENT SHARE PRICE (September 10, 2025)
SEO snippet: Mahabal Cement is a private limited company — it does not have a public market listing or a share price; this section explains how to verify and alternatives for investors. (Date: September 10, 2025)
Status as of September 10, 2025: Mahabal Cement Private Limited is not a publicly listed company and therefore does not have a share price that trades on NSE/BSE. Any “share price” searches that return numbers are likely pointing to a different, listed company (for example a related or similarly named firm such as JK Lakshmi Cement Ltd). Always confirm the exact corporate entity (CIN or ISIN for listed companies) before treating a quoted market price as relevant. ZaubaCorpThe Company Check

If you intended to check the market price of a related listed firm (for example JK Lakshmi Cement Ltd), here is an example of where to look and a live-market reference (prices move during trading hours): JK Lakshmi Cement’s NSE/BSE pages and financial portals show its live price (as an example, JK Lakshmi traded around ~₹900–₹930 in early Sep 2025). Always use NSE/BSE pages or established financial portals for real-time quotes. NSE IndiaMoneycontrol

How to verify a company is listed:

  1. Search the company name on the NSE (https://www.nseindia.com) or BSE (https://www.bseindia.com).
  2. Match the company’s CIN/registered office details to ensure you have the right entity.
  3. Use regulatory filings (annual reports, shareholding disclosures) for investor-grade confirmation. NSE India

LSI keywords: Mahabal Cement stock price, Mahabal Cement listed, Mahabal share price today, is Mahabal cement listed

External links:
• Company registry snapshot (shows private status) — <a href="https://www.zaubacorp.com/MAHABAL-CEMENT-PRIVATE-LIMITED-U74999WB2022PTC251322" target="_blank" rel="nofollow">Mahabal Cement — ZaubaCorp (company registry)</a>. ZaubaCorp
• NSE — JK Lakshmi Cement listing (example of a related listed company) — <a href="https://www.nseindia.com/get-quotes/equity?symbol=JKLAKSHMI" target="_blank">JK Lakshmi Cement — NSE (example listed peer)</a>. NSE India

7) MAHABAL CEMENT PLANS & PROJECTS
SEO snippet: Mahabal Cement signed a large MoU (about INR 11,000 crore / US$1.26bn) to develop a cement complex in Assam; the project scope includes clinker and grinding capacity and downstream concrete products.
In March 2025 Mahabal Cement signed a memorandum of understanding to invest around INR 110bn (~US$1.26bn) to set up an integrated cement complex in Dima Hasao district, Assam — the proposed project reportedly includes a clinker plant, a grinding unit, ready-mix concrete facilities and ancillary blocks/AC products as the initial phases. This agreement is at the MoU level, which indicates intent and development plans but is not the same as all statutory clearances or completed construction. Global CementCemNet

What this typically means for the region: large cement projects bring jobs and infrastructure but also require multiple clearances (environment, tribal- and forest-rights consultations in scheduled areas, land allotment procedures) before construction can proceed. Local opposition or legal challenges can delay projects until concerns are addressed. The Sentinel

LSI keywords: Mahabal cement Assam project, Mahabal cement MoU Assam, Mahabal clinker plant Dima Hasao

External links:
• Global Cement — Mahabal Cement MoU announcement — <a href="https://www.globalcement.com/news/item/18501-mahabal-cement-to-invest-us-1-26bn-in-assam" target="_blank" rel="nofollow">GlobalCement: Mahabal Cement to invest US$1.26bn in Assam</a>. Global Cement
• CemNet — MoU coverage and project outline — <a href="https://www.cemnet.com/News/story/178748/mahabal-cement-signs-mou-to-set-up-assam-cement-complex.html" target="_blank" rel="nofollow">CemNet: Mahabal Cement signs MoU</a>. CemNet

8) MAHABAL CEMENT REGULATORY & LAND ISSUES
SEO snippet: The Gauhati High Court took note of the allotment of large tracts of tribal land to Mahabal Cement; this raised questions about due process and statutory protections for scheduled-area land.
In August 2025 the Gauhati (Gauhati/Guwahati) High Court publicly questioned the Assam government’s allotment of about 3,000 bighas of land to a private cement company in a Scheduled Area (Dima Hasao). The court’s scrutiny and public interest petitions underscore that large land allotments in tribal/scheduled areas must follow special statutory safeguards (consent of Autonomous Councils, forest/tribal rights processes) before transfers for industrial use. These legal and social hurdles can materially affect project timelines and feasibility. Live LawThe Indian ExpressThe Financial Express

LSI keywords: Mahabal land allotment Assam, Gauhati HC Mahabal cement, Mahabal regulatory issues

External links:
• Indian Express — coverage of the Gauhati High Court hearing — <a href="https://indianexpress.com/article/india/guahati-high-court-cement-company-3000-bighas-assam-10196478/" target="_blank" rel="nofollow">Indian Express: HC on land allotment to Mahabal Cement</a>. The Indian Express

9) FAQ — (Expanded Questions & Answers)
SEO snippet: Quick answers to the most asked questions about Mahabal Cement: ownership, listing, Adani connection, project timeline, and fuel usage.

Q1: Is Mahabal Cement owned by the Adani Group?
A: No. The Adani Group issued an explicit public statement (Aug 18, 2025) denying any ownership, affiliation or connection with Mahabal Cement. Do not rely on unverified social-media claims; instead rely on official company statements and registry filings. AdaniET Now

Q2: Is Mahabal Cement a listed company with a share price?
A: No. Mahabal Cement Private Limited is a privately registered company and is not publicly listed, so it does not have a quoted share price on NSE/BSE. If you see prices, confirm the exact corporate name and CIN — you might be looking at a different company (e.g., JK Lakshmi Cement Ltd is a listed peer). ZaubaCorpNSE India

Q3: What is the Assam project and how big is the investment?
A: The company signed an MoU for an estimated INR 110bn (~US$1.26bn) integrated cement complex in Dima Hasao — an MoU is an intent document; execution requires statutory clearances and local approvals. Global CementCemNet

Q4: Will Mahabal Cement use petroleum coke (petcoke) as fuel?
A: There is no company statement publicly confirming the exact fuel mix for Mahabal’s proposed plant. Broadly, the Indian cement industry uses petroleum coke (petcoke) widely as a cheaper, high-calorific fuel, though its use is regulated in certain states and requires environmental controls to manage sulfur emissions. If fuel choice matters, check the environmental impact assessment (EIA) and the company’s project report. CEEWUltraTech Cement

Q5: How to verify who really owns Mahabal Cement?
A: The authoritative route is to obtain (a) MCA (Ministry of Corporate Affairs) filings for Mahabal Cement Pvt Ltd (annual returns, director lists); (b) any group annual reports that list subsidiaries; (c) statutory disclosures lodged with regulators. Business directories may help but are secondary. ZaubaCorpJK Lakshmi Cement -

Additional FAQ topics to consider (if you want expanded answers): project environmental clearances, tribal- and forest-rights compliance in Assam, timeline from MoU to commissioning, investment partners and funding sources, and how to track project status in government tender/clearance portals.

LSI keywords: Mahabal Cement FAQ, is Mahabal cement private, Mahabal cement EIA, Mahabal cement petition Assam

External links:
• LiveLaw — legal background around the land allotment — <a href="https://www.livelaw.in/top-stories/3000-bighas-of-land-given-to-a-private-company-is-this-a-joke-gauhati-hc-takes-exception-to-allotment-of-land-to-cement-company-301153" target="_blank" rel="nofollow">Gauhati HC & Mahabal — LiveLaw</a>. Live Law

Small technical note on CEMENT INDUSTRY & PETROLEUM COKE (short reference)

SEO snippet: The Indian cement sector frequently uses petroleum coke as an economical kiln fuel; regulators and companies manage sulfur capture through process design.
Petroleum coke (petcoke) is widely used in India’s cement kilns because of its high calorific value and cost advantage; however, high sulfur content requires process controls (limestone dosing in the kiln can capture SO₂ to a large extent) and state-level regulatory limits (some courts have restricted petcoke use in specific states). If Mahabal proceeds with a large kiln project, petcoke would be one of the plausible fuel options, subject to environmental clearances and regional regulations. CEEWUltraTech Cement

External links:
• CEEW report on petcoke use — <a href="https://www.ceew.in/publications/petcoke-use-indias-iron-and-steel-industry" target="_blank" rel="nofollow">CEEW: Petcoke use in industry</a>. CEEW

CONCLUSION

SEO snippet: Mahabal Cement is a private company with ambitious project plans in Assam; public confusion about ownership (particularly an Adani link) has been clarified by corporate statements — for investors, Mahabal itself has no public share price as of September 10, 2025.
Mahabal Cement Private Limited is best treated as a private project vehicle currently under public scrutiny because of a large MoU and land-allotment questions. Recent high-profile attention (MoU, local court hearings, and the Adani denial of any link) means that reliable, up-to-date information should be gathered from: MCA/company filings, the Assam state project clearances, the company’s own disclosures (if/when published), and reputable industry reporting (GlobalCement, CemNet, national dailies). If you want, I can pull the latest MCA filings, the full text of Adani’s media release, or a regulatory timeline for the Assam project — and I can compile them into a short dossier. ZaubaCorpGlobal CementAdani

FULL LIST OF IMPORTANT SOURCES USED (for verification & further reading)

 

Petroleum Coke