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India: Shree Cement to invest INR750cr in Raj solar power plants

Shree Cement today said it will foray into solar power sector and set up plants to generate 50MW in Rajasthan at a cost of INR750 crore. "We are planning to venture in solar power generation and ...
News - 20 May 2010

Business Council calls for support on imports, East Africa

The Arusha-based East African Business Council has asked the EAC governments to support local cement manufacturers now that the latter is facing major threats from imports. "Our governments need ...
News - 18 May 2010

India: prices may fall 10% on excess capacity, monsoon

India cement prices are expected to soften by 7-10 per cent in June due to the twin effect of over supply and lower demand due to the monsoon season, industry officials and dealers have warned. C...
News - 17 May 2010

East Africa seeks higher tariffs for cement imports

East Africa’s cement producers are pushing for higher tariffs on imported brands, in a campaign that could spark off yet another diplomatic spat with Pakistan, a crucial partner in the tea and ric...
News - 17 May 2010

East African cement firms worried over cheap imports

The East African Business Council has asked EAC governments to support local cement manufacturers if the industry is to compete favourably with imported products. The local industry is currently g...
News - 14 May 2010

OCL plant to invest in expansion

OCL India plans to invest INR300 crore to expand its production capacity by 1Mt to 4.8Mt . The company recorded a net profit of INR55 crore during Jan-Mar 2010. The company .
News - 13 May 2010

HeidelbergCement India receives nod for fund raising plan

Heidelberg Cement India has received the shareholders’ approval to raise up to INR1200 crore. The fund will be raised through debt and will be secured against the assets of the company.
News - 13 May 2010

HeidelbergCement gets approval to raise funds

HeidelbergCement India announced that its shareholders have approved its plans to raise up to INR12bn. This will be via debt and will be secured against the assets of the company. Heidelberg had ...
News - 12 May 2010

India April cement output up 10%

India’s cement production grew 9.7% on year to 14.7Mt in April, the Cement Manufacturers’ Association said today.     However, April production was 7.3% lower than 15.85Mt produced a month ago. ...
News - 12 May 2010

My Home Industries launches brand across AP, India

The Andhra Pradesh-based My Home Industries Friday launched its premium cement brand Maha Shakthi in the state. The launch ceremony was attended by a group of distributors in the state as well as...
News - 10 May 2010