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Shiva raising funds for expansion, India

Rourkela-based Shiva Cement is raising nearly INR80 crore through bank loans to part finance its INR165-crore expansion plan which aims at nearly quadrupling capacity to 2.3Mt. Chairman and managi...
News - 03 December 2009

Indian firms begin raising prices again

A second wave of cement price rises in India is likely within a fortnight, say industry watchers. After “bottoming out” during the second half of the year, the commodity’s prices seem back on trac...
News - 03 December 2009

Jaiprakash Gujarat plant inaugurated, India

Chief Minister of Gujarat Narendra Modi inaugurated Jaiprakash Associates’ cement plant in Gujarat. As well as incorporating  state-of-the-art technology, cement plant will also have an emergenc...
News - 02 December 2009

India Aditya Birla cement shipments up 15.3 per cent YoY

India’s Aditya Birla Group said on Tuesday cement shipments in November rose 15.3 per cent from a year earlier to 2.93Mt from a year earlier. Aditya Birla last month said it was combining its cem...
News - 02 December 2009

India: Shiva Cement to invest INR163cr on capacity expansion

Orissa-based Shiva Cement is planning to expand its production capacity by 0.66Mt in its existing 2.3Mt at an investment of INR163.5 crore to meet the region’s rising demand. The company proposes...
News - 01 December 2009

India: JSW to restart work on two projects

The JSW Group, which was among the first conglomerates last year to hold back most of its major capital expenditure and greenfield projects due to the global financial crisis, has decided to revi...
News - 01 December 2009

Andhra Pradesh cement prices hit rock bottom, India

Cement prices have hit a low in Andhra Pradesh, one of the largest markets in the country, and some other States due to slackening demand and entry of new players. The price range of cement now r...
News - 30 November 2009

Kolkata firm to set up cement plant in Meghalaya, India

City-based GNG group, which is engaged in international trading, mining and power projects, is setting up an integrated cement plant with an annual capacity of 1Mt in Meghalaya, a top company offi...
News - 30 November 2009

CMA: cement prices hiked in four states, India

Cement prices in Maharashtra and Gujarat have been hiked by 8-10 rupees because of the unavailability of railway wagons, an official of the Cement Manufacturers Association said on Friday. "The g...
News - 27 November 2009

Significant fall in Cimpor 9-month profits

Cimpor’s turnover for the first nine months emerged 0.3% lower at €1565m, but, thanks to a 1.6% reduction in operating costs, the EBITDA showed a 2.9% improvement to €457m. Group cement shipments ...
News - 27 November 2009