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Binani Cement insolvency petition by Bank of Baroda admitted by NCLT

The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday admitted an insolvency petition against Binani Cement based on a  referral by one of its lenders, Bank of Baroda, after the...
News - 26 July 2017

Ambuja Cements reports 2Q sales rise

Ambuja Cements reported an 11.7 per cent increase in net sale in the 2Q17 as cement volumes and price realisations improved. The pan-Indian cement producer said net sales reached INR28.23bn vers...
News - 25 July 2017

New grinding line for Nepal

FLSmidth has signed a contract with Nepal Shalimar Pvt Ltd for engineering, procurement and supply of equipment for a new cement grinding unit for its existing cement production line. The plant is...
News - 25 July 2017

UltraTech Cement

As part of its ongoing expansion plans, and hot on the heels of its acquisition last month of Jaiprakash Associates Ltd and Jaypee Cement Corporation Ltd, UltraTech cement has announced it is to b...
Corporate - 24 July 2017

Pakistan's cement exports fall during FY17

During the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the p...
News - 24 July 2017

New Salboni cement plant launched by JSW Cement

JSW Cement, part of the JSW Group, has launched its state-of-the-art Salboni cement plant in Bengal. The largest cement plant of its kind in the state, the facility has a cement capacity of 2.4...
News - 21 July 2017

Indian market to expand 5% in FY17-18

Infrastructure and housing are expected to drive India’s cement demand in FY17-18. Consumption is forecast to increase five per cent YoY as growth accelerates from 1.2 per cent in FY16-17, accordi...
News - 21 July 2017

UltraTech to build Madhya Pradesh plant

Indian cement major UltraTech plans to establish an integrated cement plant in Madhya Pradesh with a capacity of 3.5Mta. "The board has approved a greenfield integrated cement plant at Dhar in M...
News - 20 July 2017

UltraTech sees profit growth in 1QFY18

UltraTech Cement Ltd, an Aditya Birla Group Company, yesterday announced its unaudited financial results for the quarter ended 30 June, 2017. The results include those of the cement plants of Jaip...
News - 19 July 2017

ACC achieves sales growth of 18%

India-based cement producer ACC Ltd has recorded a 32.6 per cent growth in consolidated net profit for the April-June quarter, helped by sales growth. The LafargeHolcim group company said net pr...
News - 18 July 2017