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OPEC+ struggles to support oil as petcoke offers tempting discountsIn a market dominated by geopolitical news from the Middle East (Israel–Hezbollah–Gaza) and a new nuclear doctrine from Russia, which puts the next steps in the war in Ukraine in a new perspective...News - 28 October 2024 |
UltraTech to trial ZeroCal decarbonisation technologyUltraTech Cement Ltd , India's largest cement and ready-mix concrete (RMC) company, announced the signing of a collaboration agreement with the Institute for Carbon Management (ICM) at the Univer...News - 25 October 2024 |
USG Supramax/Ultramax freight marketThe USG Supramax/Ultramax freight markets were active throughout the month due to a lively demand, especially on transatlantic routes. The tonnage list was getting tighter as coal and grain cargoe...News - 25 October 2024 |
Dalmia Cement plans 100% renewably-powered plant in Madhya PradeshDalmia Cement has announced plans to construct a 4Mta cement plant in Madhya Pradesh, becoming the first such facility in India to operate entirely on renewable energy. The project, valued at ap...News - 24 October 2024 |
Nuvoco Vistas sees 32% drop in 2Q EBITDA on sluggish demandIndia-based Nuvoco Vistas Corp posted a revenue of INR22.69bn in the 2QFY24-25 ended 30 September 2024. This represents a 11.8 per cent drop from INR25.73bn in the 2Q23-24. EBITDA reached INR22....News - 24 October 2024 |
Jindal Group to expand cement capacity to 7MtaJindal Group is expanding its cement grinding capacity to 7Mta by commissioning a 1.5Mta cement grinding unit in Odisha, India. In a statement, the group said, "Its arm Jindal Panther Cement (J...News - 23 October 2024 |
Navigating EU CBAMAs the European Union (EU) implements its Carbon Border Adjustment Mechanism (CBAM), non-EU cement producers such as Türkiye will need to address new challenges as they trade cement with EU countr...Articles - 22 October 2024 |
Adani group acquires Orient CementAmbuja Cements , part of the Adani Group , has agreed to acquire Orient Cement Ltd at the equity value of INR81bn (US$963.4m). This binding agreement set Ambuja to acquire a 46.8 per cent stak...News - 22 October 2024 |
UltraTech Cement reports a slight decrease in performanceUltraTech Cement Ltd has released their quarterly performance for the 2QFY25. Consolidated net sales was at INR153.08bn (US$1.82bn) compared to INR157.35bn in the same period a year previous, re...News - 22 October 2024 |
Dalmia Bharat reports decline in profitsDalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company had posted a net ...News - 21 October 2024 |