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Challenging times for IranThe cement industry in Iran is one of the largest in the world, but in recent times has faced challenges due to overcapacity, contracting domestic demand, upheaval in some of its export markets, a...Articles - 02 September 2024 |
Adani Group to set up new cement grinding unitAdani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art propellant production fac...News - 29 August 2024 |
UltraTech secures US$500m sustainably-linked financing for FY27 expansion goalUltraTech Cement , India's leading cement manufacturer, has unveiled an ambitious plan to expand its production capacity to over 200Mta by FY27. This strategic move is part of U...News - 27 August 2024 |
Adani Group holding company sells US$500m stake in Ambuja Cements LtdHolderind Investments, an Adani Group -owned company, is selling US$500m worth of shares in Ambuja Cements Ltd , according to a Reuters report released on 22 August 2024. Holderind is selli...News - 23 August 2024 |
Supramax freight rates held at high levels, as demand/supply ratio balanced itselfBy Brannvoll ApS, Denmark The USG Supramax spot freight market remained firm as demand stayed healthy, especially for transatlantic trips. Closer to the end of the month, rates stabilised as...News - 23 August 2024 |
Dalmia Bharat Ltd shares 1H24 resultsDalmia Bharat Ltd has shared its financial results for the first half of 2024, ended 30 June 2024. The installed cement capacity on this date was 45.6Mta. Sales volume saw a 6.2 per cent incre...News - 22 August 2024 |
Indian Supreme Court ruling assigns duties to mining operationsOn 14 August 2024, the Supreme Court of India issued a ruling allowing states to impose taxation and royalties on minerals separately from government duties. The ruling also allows states to recov...News - 22 August 2024 |
JSW Cement to launch IPO as it plans capacity expansionOn 16 August 2024, JSW Cement filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). According to the DRHP, JSW Cement plans to increase grinding c...News - 21 August 2024 |
Royalty issue on cement raw materials in Punjab landed in courtAccording to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker price as royalty on l...News - 19 August 2024 |
UltraTech chairman outlines company's growthUltraTech 's Chairman, Kumar Mangalam Birla, summarised the progress of the company and its plans for future growth and development, at the company's 24th AGM. In April 2024 UltraTech marked...News - 15 August 2024 |