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Ambuja gets nod for merger with Holcim IndiaThe High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announced by the parent comp...News - 27 March 2014 |
UltraTech CementUltraTech’s plans to establish new plants in Uttarakhand, northern India, and Myanmar have hit stiff opposition this month. In Myanmar, residents in the Lun-Nya area, where the proposed cement ...Corporate - 27 March 2014 |
Pakistan exports decline over 8MFY14Pakistan exports have declined in the first eight months of the current fiscal, both in terms of volume and revenues. During the July 2013 – February 2014 period, exports totaled 5.46Mt on rev...News - 26 March 2014 |
Dalmia to acquire Jaiprakash Bokaro stakeJaiprakash Associates Ltd (JAL) is to sell its 74 per cent stake in its Bokaro Cement joint venture to Dalmia Cement (Bharat). Bokaro Cement is a 74:26 per cent collaboration between JAL and the...News - 25 March 2014 |
India: local tax on coal mines to hit cement firmsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The ration...News - 24 March 2014 |
India: ACC lined up to buy into two cement joint venturesACC (Holcim) is likely to buy Jaypee Group 74 per cent stake in two separate cement joint ventures with state-owned steel maker Steel Authority of India Ltd, according to the Business Standard. ...News - 24 March 2014 |
Sagar denies Vicat buy-out talksSagar Cements Ltd has denied reports that it is in talks to sell its 47 per cent stake in its Vicat Sagar joint venture. The Economic Times newspaper earlier reported, citing unnamed sources, V...News - 20 March 2014 |
Hi-Bond Cement to set up Rajasthan works, IndiaHi-Bond Cement plans to set up a greenfield plant in the state of Rajasthan to tap the north Indian market. The company has approached the Rajasthan government with a proposal for the plant, whic...News - 17 March 2014 |
Emami Cement places order with Gebr Pfeiffer for five millsGebr Pfeiffer SE and its Indian subsidary Gebr Pfeiffer (India) has received a contract from Kolkata-based Emami Cement Ltd for four MVR mills and an MPS mill for coal grinding. Emami Cement, a...News - 14 March 2014 |
Fitch Affirms Holcim rating, outlook stableFitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Swiss cement major of Holcim as at BBB. The outlook is stable. The ratings agency said the affirmation reflects Holcim's ...News - 13 March 2014 |