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UltraTech CementUltraTech has reported a 29 per cent increase in profit after tax for the quarter ending 30 June 2016. On a consolidated basis, profit came in at INR7.8bn, up from INR6.04bn in the same period las...Corporate - 22 July 2016 |
Pakistan: cement demand to grow 8% in run-up 2018The Pakistani demand for cement during the ongoing FY16-17 and next financial year FY17-18 is expected to grow at a rate of eight per cent annually. This follows the government showing a strong co...News - 22 July 2016 |
LafargeHolcim receives go-ahead for Indian streamliningIndia’s Cabinet Committee on Economic Affairs has given its blessing to LafargeHolcim’s proposals to simplify the structure of its remaining operations in the country. The company is now awaiting ...News - 21 July 2016 |
India: ACC's Jamul clinker plant starts upACC, part of LafargeHolcim group, has started commercial production of its new 2.79Mta clinker plant at Jamul, Chhattisgarh, India. “We are pleased to announce commencement of commercial product...News - 21 July 2016 |
India: Shree Cement to invest INR5bn in 2Mta grinding plantShree Cement will invest INR5bn (US$74.4) in a new 2Mta grinding unit in Sarai Kale Karasawa, Jharkhand, India. The company entered a memorandum of understanding with the Jharkhand government in...News - 20 July 2016 |
India: UltraTech to complete Jaypee acquisition ‘in next 12 months’Birla Group chairman, Kumar Mangalam Birla, told his firm's annual general meeting that its UltraTech Cement subsidiary should complete its acquisition of Jaypee Cement within the next 12 months, ...News - 20 July 2016 |
India: Shree Cement wins bid for 80,000t of coalShree Cement has announced that it has won a bid to be supplied with 80,000tpa of coal from state-owned firm South Eastern Coalfields Ltd (SECL), reports the Economic Times. The deal will see S...News - 19 July 2016 |
India: four critically injured at plant in SindriFollowing a blast in the hot air generator on Saturday, four contract workers at a cement plant in Sindri, India, were severely injured. The injured were taken to Bokaro General Hospital where the...News - 18 July 2016 |
India: Kerala businesses protest high cement pricesThe Government Contractors Association (GCA) in Kerala has hit out at the state government’s failure to control cement prices, which have reached INR430 (US$6.40) for a 50kg bag, the Deccan Chroni...News - 15 July 2016 |
Conch offer shows price just one factor in Lafarge dealChina’s Anhui Conch lost out in the race to acquire Lafarge India despite the fact that its offer of INR95bn (US$1.4bn) was higher than the INR94bn bid submitted by Nirma Group, the eventual winne...News - 14 July 2016 |