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State Bank of India may take five companies to NCLTBurnpur Cement and four Patni Group entities may be brought to the National Company Law Tribunal (NCLT) by the State Bank of India (SBI) for insolvency proceedings, according to The Economic Times...News - 14 March 2018 |
ACC and Ambuja to supply discounted cement to each otherACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. Accord...News - 13 March 2018 |
Vicat announces plans for upcoming Indian projectsVicat Group will invest INR5.1bn (US$78.4m) to set up a 1.75Mta greenfield grinding unit in Vizianagaram, Andhra Pradesh, India. The group’s subsidiary Kalburgi Cements Pvt Ltd has signed a memora...News - 12 March 2018 |
Cementos Yaracuy scheduled to come online this yearAs part of an agreement between Venezuela and India, Megatech International is currently building a 600tpd cement plant in the Barranco Amarillo sector of the Valeroso Peña Industria Complex, Peñ...News - 12 March 2018 |
Dalmia Bharat-led bid approved by lendersLenders to the bankrupt Binani Cement have decided that a a Dalmia Bharat-led bid would be allowed, thereby overruling the objections of UltraTech Cement. The offer fulfilled all of the conditions...News - 09 March 2018 |
The Ministry of Coal cancels mining licenceIndia's Ministry of Coal has cancelled the mining licence for the Mandla South coal block won by Jaypee Cement, following the sale of the attached plants to UltraTech Cement. Jaypee sold three of ...News - 09 March 2018 |
BJP government to conduct vigilance probe into land transferThe Bharatiya Janata Party (BJP) government in Haryana, India, has decided to conduct a vigilance probe into the transfer of approximately 122 acres of land from Associated Cement Companies’ (ACC)...News - 09 March 2018 |
A path towards value creation - part 2Following on from the first part of this article (ICR February 2018/ CemNet 28 February 2018 ), McKinsey & Co establishes the four strategic levers for value creation and explains why now is an id...Articles - 08 March 2018 |
UltraTech takes 400t of waste from railway workshopUltraTech Cement has taken 400t of waste from the Golden Rock railway workshop in Ariyalur, India, to be used as an alternative fuel in its cement kilns. The company will take an additional 300t o...News - 08 March 2018 |
Nuvoco Vistas wins improvement awardIndia-based Nuvoco Vistas Corporation Ltd has won the 'Best in Class Continuous Improvement Award' during the 7th Manufacturing Supply Chain (MSC) Awards held in Mumbai. The award was given to the...News - 08 March 2018 |