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HeidelbergCement India likely to raise more funds

HeidelbergCement India’s board will meet to consider raising INR3.7bn (US$59.5m) by issuing non-convertible debentures (NCDs) on private placement basis. “... a meeting of the board of directors o...
News - 13 December 2013

India: Dalmia Cement plunders executives from Shree

Mahendra Singhi has joined the Dalmia group has its new managing director from rival Shree Cement where he had spent 19 years, with his last position being executive director. His aim will be to ...
News - 13 December 2013

UltraTech in talks for two plant projects

UltraTech Cement is planning to invest the construction of two cement plants in the northern Indian state of Uttarakhand. The Industrial Development Department of Uttarakhand has reportedly sig...
News - 12 December 2013

HeidelbergCement India mulls bond placement

HeidelbergCement India's board is considering raising INR370 crore by issuing non-convertible debentures (NCDs) on private placement basis. In a filing to the Bombay Stock Exchange, HeidelbergCem...
News - 12 December 2013

Indian demand: signs of gradual pick-up

Indian cement demand is seeing gradual signs of recovery with an uptick in demand being witnessed in a number of states, a sector survey has revealed. Over the first three quarters of the current...
News - 09 December 2013

Industry appointments at Ambuja and ACC

The Holcim Group has appointed Bernard Trever has an additional director on the board of Ambuja Cements Ltd. Mr Trever has over 35 years of experience in the cement business and has been part of H...
News - 06 December 2013

UltraTech Cement appoints independent director

India’s largest cement producer UltraTech Cement said its board of directors has appointed Arun Adhikari as additional director (Independent) to the board, effective 3 December 2013. Adhikari is ...
News - 05 December 2013

Prism Cement's credit metrics seen improving from FY15

India-based cement producer Prism Cement Ltd is expected to see an improvement in credit metrics from FY15 on the back of an overall improvement in operating efficiency and an absence of any debt-...
News - 04 December 2013

HeidelbergCement plans India bond placement

HeidelbergCement India plans to raise INR3.7bn (US$59.4m) by issuing non-convertible debentures on private placement basis.       "... subject to receipt of various approvals, planning to offer an...
News - 03 December 2013

CRH

In its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last year's number, assuming normal weather patterns for the remainder of the year. Depreciatio...
Corporate - 02 December 2013