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Barak Valley Cements announces resignation

India-based Barak Valley Cements Ltd has announced the resignation of director, Dhanpat Ram Agarwal, with immediate effect, reports Dow Jones Newswire. Mr Agarwal is leaving the company “on accou...
News - 23 June 2023

Indian cement prices forecast to fall 1-3%

Cement prices in India are expected to fall by 1-3 per cent in the current fiscal year (April 2023-March 2024), after recording a four per cent compound annual growth rate (CAGR) over the past fo...
News - 21 June 2023

Adani Group in talks with more lenders over acquisition loan

The Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Ambuja Cement in...
News - 21 June 2023

Pakistan cement exports continue mixed trend in 11MFY22-23

The cement industry in Pakistan continued to experience a mixed picture in export revenue during the first 11 months of the current financial year, which runs from July 2022 to June 2023. While th...
News - 21 June 2023

Shree Cement announces further expansion plans

Shree Cement has announced a new round of capacity expansions, which will take the company’s total cement production capacity to 55.9Mta. The cement producer currently runs 46.4Mta of capacity w...
News - 19 June 2023

Shree Digvijay halts production due to cyclone

Shree Digvijay Cement Co has reportedly halted production at its 1.2Mta Digvijaygram integrated plant in Gujarat, India, due to a cyclone. Tropical cyclone Biparjoy made landfall in India’s we...
News - 19 June 2023

Shiva Cement inaugurates Sundergarh mill

India-based Shiva Cement , part of JSW Cement , has inaugurated its new cement plant in Sundergarh, Odisha. The new plant has an overall capacity of 1.05Mta as well as an additional 0.27Mta of...
News - 19 June 2023

Kesoram Industries banks on blended cement for future growth

Indian cement producer Kesoram Industries has reported a loss of INR1160m (US$14.2m) in the year ended 31 March 2023 (FY22-23), down from INR1300m in the same period a year earlier. The company ...
News - 16 June 2023

JK Lakshmi to ramp up capacity to 30Mta by 2030

JK Lakshmi Cement has announced plans to invest INR80,000m (US$972m) over a six-year period to increase its cement production capacity to 30Mta. According to Business Line, the investment will b...
News - 14 June 2023

Adani Group in talks to refinance loan

India's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg News. The group is...
News - 14 June 2023