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Shree Cement expansion, India

Shree Cement (SCL), the Kolkata-based firm will invest Rs 550 crore in the current fiscal. The company is building a waste heat recovery-based power plant of 10MW capacity in Ras (Rajasthan) with...
News - 24 July 2008

India: 1Q cement sales rise

Despite cement sales of leading Indian producers improving in the first quarter of 2008-09, the steep rise in input cost is expected to exert pressure on the bottom lines. Except for ACC and Ultr...
News - 22 July 2008

Aditya Birla eyes coal mines

India’s Aditya Birla Group Friday said the group is looking to buy coal mines overseas to lower input costs, just as one of the group companies, Ultratech Cement Ltd reported flat first quarter pr...
News - 21 July 2008

Shree Cement sees steady margins in FY09

India’s Shree Cement expects steady margins in FY09, managing director H.M. Bangur told local press. "A nominal price rise will be there after October but after that expectations of a supply surp...
News - 21 July 2008

Pakistan cement exports hit record high

Pakistan cement exports after earning a historical level of US$435m foreign exchange during financial year 2007-08, is all set to touch US$1bn-mark by 2010, industry sources told Daily Times Thurs...
News - 18 July 2008

India: ACC may invest in ready mix concrete businesses

Associated Cement Companies (ACC) plans to double its number of readymix concrete units to 46 this year. The ACC spokesperson confirmed the development, but declined to divulge the investment on t...
News - 16 July 2008

Birla exects to inspect defunct cement plant in Sri Lanka

A team of officials from India’s Aditya Birla group is to visit Sri Lanka Wednesday with the aim of inspecting the site of a defunct northern cement plant the Indian group wants to invest in.   "T...
News - 16 July 2008

India cement-makers’ profits set to slump

The Indian cement industry is set to see some tough times, according to the Business Standard of India, with margins likely to fall further in the June quarter.   The industry’s profit may decline...
News - 15 July 2008

India June cement shipments up 8.7 per cent YoY

Cement shipments in India rose 8.7 per cent in June from a year ago, data from the Cement Manufacturers’ Association showed.   Sales rose to 14.79Mt in June, compared with 13.61Mt a year ago, whil...
News - 11 July 2008

India Cements to set up four new plants

India Cements Ltd is poised for expanding its cement manufacturing facilities in northern part of the country by setting up four new cement plants at Himachal Pradesh, Rajasthan, Madhya Pradesh an...
News - 10 July 2008