Cement News tagged under: Reliance Cement
Indian cement companies amongst bidders for coal blocks10 September 2019, Published under Cement NewsIndia’s UltraTech Cement, ACC Cement and Reliance Cement are amongst the prospective bidders for the auction of 27 coal blocks. To attract investors, the government has allowed the sale of up to half the output to Coal India at a notified price, while a further 25 per cent can be sold in the open market. However, block operators have to consume at least 25 per cent of their produce in their own plant, according to The Economic Times. The Coal Ministry has also increased the time limit for... |
India: Birla rebrands Reliance Perfect Cement01 February 2017, Published under Cement NewsSince acquiring Reliance Cement Co, Birla Corporation Ltd has rebranded the Reliance Perfect Cement brand as MP Birla Perfect Cement and launched it in the central Indian market. Kolkata-based MP Birla Group has also introduced MP Birla Perfect Cement onsite vans. These vans will be manned by experts who will provide technical information about cement and concrete and will also offer testing facilities at construction sites. Construction companies can call these vans to their project site... |
Birla completes acquisition of Reliance Cement23 August 2016, Published under Cement NewsBirla Corporation announced that is has completed the acquisition of Reliance Infrastructure subsidiary, Reliance Cement. The deal was valued at about INR48bn (US$715.6m). Reliance Cement becomes a wholly-owned subsidiary of Birla, whose production capacity now reaches 15.4Mta, up from 9.8Mta, as a result of the deal. Reliance Cement operates a 5.08Mta integrated capacity at Maihar (Madhya Pradesh) and Kundanganj (Uttar Pradesh) as well as a 0.5Mta grinding unit at Butiburi (Maharashtra).... |
India: Birla eyes September completion of Reliance acquisition11 July 2016, Published under Cement NewsBirla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 2016 and will raise Birla’s cement capacity from 10Mta to 15.5Mta, as well as securing access to mineral concessions. A group of Birla shareholders took the company to court in an effort to block the deal, but this was rejected by the Kolkata High Court in May. Birla Corporation chairman Harsh V Lodha said: “The ac... |
Nepal: planned entry of foreign cement giants21 June 2016, Published under Cement NewsThe proposed entry of foreign cement manufacturers into the Nepalese market has set off an expansion drive amongst domestic producers. Dangote Cement of Nigeria, Reliance Cement of India and Hongshi and Huaxin of China have all been given necessary approvals to begin operations in Nepal. The combined FDI for these companies amounts to US$1.45bn and the total proposed output stands at 22,000tpd. This increase in capacity by foreign companies has created unrest among domestic manufacturers.... |
Reliance Infrastructure to sell its cement business, India05 November 2015, Published under Cement NewsReliance Infrastructure on Wednesday said it has decided to sell its cement manufacturing and road development businesses to focus on defence. "The 5.8Mta cement business and related assets will be disposed off through a formal process. The company has short-listed seven potential buyers from a total of 15 parties that submitted preliminary expressions of interest," according to the company. While Reliance has been talking of its plans of monetising assets, the board of the company approve... |
Reliance to sell part of cement division?19 March 2015, Published under Cement NewsReliance Infrastructure, part of the Anil Ambani-led Reliance Group, may sell half of its cement business to fund the acquisition of Pipavav Defence and Offshore Engineering. Reliance Cement is in talks with Heidelberg and Italcementi, and has offered a 50 per cent stake in the company, according to a report published yesterday by Business Standard (India). The prospective joint venture partner will also fund the company's cement capacity expansion - estimated to rise from 5Mta to 15Mta by... |
Reliance product launches in Bihar, India09 September 2014, Published under Cement NewsReliance Cement Pvt Ltd on Monday launched its cement in to the northern Indian market of Bihar. Commenting on the development, Reliance Cement chief marketing officer, Atul Desai, said: “Bihar is among the largest cement consuming states in India with a total consumption of around 14Mta.” Reliance Cement is well positioned to serve potential growth in Bihar, the company’s media statement said. The regional market is expected to increase at a rate of around nine per cent over the next ni... |
India: Reliance Cement extends its sales reach14 April 2014, Published under Cement NewsReliance Cement Company has expanded its footprint in the domestic Indian market by launching sales of its product in the eastern Indian state of Jharkhand. Commenting on the developments, Arvind Pathak, CEO Reliance Cement, said, "Jharkhand is one of the most important cement markets in the Eastern India. The demand in the state is expected to grow exponentially due to upcoming power and steel plants and other mineral based industries. Reliance Cement is well positioned and equippe... |
Reliance begins serving the Uttar Pradesh market10 March 2014, Published under Cement NewsReliance Cement has expanded its footprint in the Indian market by launching its products into Uttar Pradesh. Commenting on the developments, Arvind Pathak, CEO Reliance Cement, said: “Uttar Pradesh is one of the largest cement consuming states in the country with total consumption of around 26Mta. With the ever increasing industrial activities, real-estate, construction and infrastructure, in addition to the onset of various Special Economic Zones (SEZs) being developed in Uttar Pradesh th... |