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Nepal's cement producers seek self-sufficiency

Cement producers in Nepal have asked the government to formulate an improved policy so that the country can achieve self-sufficiency and boost exports. They have requested assistance in extracting...
News - 31 May 2016

India: JK Cement annual profits down 35.3%

The Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March...
News - 31 May 2016

India: Barak Cements to expand Assam grinding unit

Barak Valley Cements Ltd is considering the expansion  from 750tpd to 1000tpd (0.33Mta) of its cement grinding plant in Karimaganj, Assam, India, according to a BSE filing. The company is expecte...
News - 31 May 2016

UltraTech Cement

UltraTech’s Board of Directors has approved a proposal to increase the investment limits by Registered Foreign Portfolio Investors (RFPIs) from the existing 24 per cent of the paid-up equity share...
Corporate - 25 May 2016

India: HeidelbergCement 4Q FY16 margins up 16.5%

Operating margins of HeidelbergCement India jumped 18 per cent in the fourth quarter of FY16 compared to 16.5 per cent in the same period last year. Speaking to CNBC TV, said Jamshed Naval Cooper...
News - 25 May 2016

Ambuja Cement adds 0.9Mta to Sankrail grinding unit

India’s Ambuja Cement has added 0.9Mta of capacity to its Sankrail grinding unit near Kolkata. The INR3.38bn (US$50.2m) project was commissioned on 24 May 2016. As a result of the expansion, the p...
News - 25 May 2016

India: Prism Cement 4QFY16 profits fall 95% YoY

Prism Cement’s net profits for the quarter to 31 March 2016 fell to just INR30m (US$445,000), down 95.2 per cent YoY, reports India Infoline. Net revenues at the company rose by 4.1 per cent Yo...
News - 25 May 2016

India: petition fails to stop Birla Corp and Reliance deal

Calcutta High Court justice Jyotirmoy Bhattacharya on Thursday dismissed petitions filed by a Birla faction seeking injunction in Birla Corporation's (Birla Corp) plan to buy Reliance Infrastructu...
News - 20 May 2016

India: Ramco 4Q16 results

Ramco Cements has announced a more than two-fold increase in its net profit to INR2bn (US$30m) for the its fourth quarter ended 31 March 2016, compared to INR934m (US$13.8m) for the same quarter i...
News - 20 May 2016

India: Positive outlook for growth, but challenges remain

Cement consumption in India doubled between 2005 and 2015, but still lags behind China’s at a comparable stage of development. In 2001, the World Bank calculations put China’s GDP per capita at US...
News - 20 May 2016