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Cement Manufacturers' Association applauds 2024-25 budgetThe Cement Manufacturers’ Association (CMA), the independent body of large cement producers in India that represents almost 75 per cent of the country’s total installed cement capacity, has applau...News - 26 July 2024 |
Healthy demand lifts USG Supramax freight marketBy Brannvoll ApS, Denmark The USG Supramax spot freight market showed a considerable rate improvement for all routes as some fresh cargo trickled in for June dates. There was a limited avail...News - 25 July 2024 |
Saurashtra Cement publishes increase in revenueSaurashtra Cement Ltd has reported consolidated revenue from operations of INR17.65bn (US$210m) in FY23-24 (ended 31 March 2024), up from INR16.45bn (seven per cent YoY). EBITDA for the year was...News - 24 July 2024 |
Road spending to boost Indian cement demandIndia’s cement companies are expected to benefit from a boost in road infrastructure spending. In her Budget 2024 speech, Nirmala Sitharaman, India’s Union Finance Minister announced an investment...News - 23 July 2024 |
UltraTech sees sales increase in 1QFY24-25UltraTech Cement Ltd , part of Aditya Birla Group, has reported consolidated net sales of INR178,790m (US$2.14bn) in the first quarter of FY24-25 (ended 30 June 2024). This compares to INR175,190...News - 22 July 2024 |
Oil higher on positive demand forecasts and geopolitical risk while coal and petcoke lowerBy Frank O. Brannvoll, Brannvoll ApS, Denmark Political risk and central banks were key in energy developments in the June-start of July period. The European Central Bank (ECB) and US Federal R...News - 19 July 2024 |
Iran cement growing robustly despite a plethora of concernsIranian cement sales slipped in June versus the previous month to come in at 5.353Mt, down from 5.568Mt in May but were up a notable 24 per cent YoY from 4.78Mt in June 2023, according to the Iran...News - 18 July 2024 |
Adani Group targets Jaypee Group's cement assetsAs lenders have initiated insolvency and bankruptcy proceedings against Jaiprakash Associates Ltd, the Adani Group is looking to acquire the Jaypee Group ’s cement assets, which boast over 9...News - 18 July 2024 |
Cochin Port opens fourth terminalA new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to handle 0.3Mta of cem...News - 15 July 2024 |
Oriana Power awarded INR1.55bn solar plant orderOriana Power received a new order for a 40MWp solar plant in Rajasthan, India. The INR1.55bn (US$18.5m) contract was awarded by an undisclosed cement producer and includes the engineering, procure...News - 15 July 2024 |