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Locals strongly oppose Himachal plant, India

On June 23 2010, the Chairman of the National Environment Appellate Authority (NEAA) made a visit to the Lafarge Cement and Limestone Mines project site in order to assess the feasibility of the E...
News - 27 June 2010

Century Plyboards to restructure, India

Century Plyboards, a diversified company, is moving towards de-merger of its cement and ferro-alloy businesses into two separate entities. It also plans to reorganise captive coal-based power gene...
News - 25 June 2010

Financing for the Vicat Sagar plant, India

The Vicat Group has announced the finalisation of financing for the Vicat Sagar greenfield cement plant in India, a project conducted in partnership with Sagar Cements Limited, and in which the Vi...
News - 25 June 2010

Green team visits Lafarge’s Himachal plant site, India

A team of the National Environment Appellate Authority (NEAA) Wednesday visited Himachal Pradesh’s Mandi district where a Lafarge plant is being established and heard grievances of the local peopl...
News - 24 June 2010

Murli Industries denies reports of sale, India

Nagpur-based diversified company Murli Industries today clarified media reports stating the company may sell its cement unit in Chandrapur.   According to local media reports one of its top offici...
News - 24 June 2010

Birla Corp lines up expansion, India

The Birla Corporation is to spend INR2400 crore over the next couple of years to ramp up its cement capacity to 13Mt. Of this, INR1100 crore is being invested in taking its capacity to 9Mt by next...
News - 24 June 2010

India cement companies facing pressures

Indian cement producers are facing the impact of overcapacity together with pricing pressures and higher input costs. Every year, cement prices soften during the monsoon as lower construction act...
News - 24 June 2010

Global majors in line for India’s Murli Industries – report

Lafarge, CRH and HeidelbergCement are among the parties interested in acquiring Maharashtra cement company Murli Industries Ltd, the Business Standard reported on its website Wednesday, citing two...
News - 23 June 2010

Shree lines up Rajasthan investments, India

Shree Cement will invest INR450 crore this year to set up clinker and grinding units in Rajasthan, said a senior company executive. "We will fund these projects by internal accruals," said managin...
News - 23 June 2010

Morgan Stanley downgrades Holcim stocks

Rating agency Morgan Stanley has downgraded the stocks of Holcim to “underweight” from “equal weight.”   The brokerage said in a note that “the shares are trading at historical highs and a premium...
News - 23 June 2010