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India: acquisition of 11.24% of Gharibwal Cement announcement by Silkbank LimitedThe Silkbank Ltd has entered into a debt-equity swap transaction with the Sponsors of Gharibwal Cement Ltd GCL), whereby the bank has acquired 45m shares (11.24%) of GCL.News - 22 November 2011 |
India: cement demand sluggish in all regions except westIIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, in a recent report on the cement sector said that barring the west, demand...News - 22 November 2011 |
India: cement industry to grow above 9% next year, consolidation in sightA steep rise in cement prices have led to a hike in construction costs for builders. Cement companies have increased prices by INR00/bag in the last three months. In an interview to NDTV Profit, V...News - 21 November 2011 |
Indian steel producer, RINL, seeks JV partner for cement projectRashtriva Ispat Nigam Ltd (RINL), owner of Visakhapatnam Steel Plant, Andhra Pradesh, India, is seeking a joint venture partner to establish a new cement plant, which will utilise slag and fly ash...News - 18 November 2011 |
Himachal Pradesh receives offers to establish new cement plantReliance Cement has proposed a 5Mt capacity cement plant the biggest so far in Himachal Pradesh, India. Aside from Reliance, eight other firms have bid for this project proposed to be set up in Ch...News - 17 November 2011 |
UltraTech to add 10Mta of capacity by March 2014Ultratech Cement Ltd plans to invest INR110bn (US$2.2bn) over the next three years to expand its production capacity, the company told its shareholders in a letter late Wednesday. The unit of the...News - 17 November 2011 |
Locals protest against new Andhra Pradesh plant, IndiaTension prevailed for some time at Pudi village of Rambilli coastal village, in the state of Andhra Pradesh (AP), when hundreds of people including villagers, environmentalists and politicians of ...News - 16 November 2011 |
Pakistan asks India to lift tariff, non tariff barriersAgainst the backdrop of government’s fresh decision of granting most-favoured nation (MFN) status to India, Pakistan has decided to ask India to lift tariff and non-tariff barriers. According to...News - 16 November 2011 |
India Cement acquires coal mines in IndonesiaIndia Cements has reportedly acquired a coal mine in Indonesia, which is expected to go on-stream by January 2012, for US$20m. According to reports, India Cements is also in the process of set...News - 16 November 2011 |
Himachal Pradesh asks producers to take steps to reduce prices, IndiaHimachal Pradesh government has asked the cement companies located in the state to take immediate measures to reduce prices, state Industries minister, Kishan Kapoor, said. Addressing a meeting ...News - 16 November 2011 |