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Indian rail freight hike to squeeze margins

Barely three weeks after they agreed to hold the prices, Indian cement companies are preparing for more cost hikes. This time it is a railway freight hike owing to a 6% busy season surcharge le...
News - 29 March 2007

320Mt cement capacity needed in 11th Plan period: Assocham

India would need to double its current cement manufacturing capacity to over 320Mt in the 11th plan period to meet the demand of growing infrastructure sector, an Assocham survey said.     "With ...
News - 27 March 2007

Govt to encourage cement imports to curb rising prices: Nath

The government of India may take steps to encourage cement imports in a bid to contain spiralling prices of the construction material, Commerce Minister Kamal Nath said.     "We will look at enco...
News - 26 March 2007

Cement supply gap to stay till 2009, India

While the government has succeeded in forcing a freeze on cement prices for one year effective from March 9, the demand-supply gap in cement, which is driving up prices, is likely to continue for ...
News - 22 March 2007

Govt to meet cement cos this week, India

The government has invited cement makers for talks later this week, finance minister P Chidambaram said on Monday. "If they (cement makers) find difficulties in adding capacity or accessing coal o...
News - 21 March 2007

Five year tax holiday to new cement units, India

Unable to put pressure on cement manufacturers to slash prices, the government is planning to offer them a five-year tax holiday to set up more capacity to end the current demand-supply mismatch a...
News - 20 March 2007

Germany’s HeidelbergCement to raise Indian capacity

HeidelbergCement said on Sunday it will set up a 2Mta year cement plant in western India to tap rising demand in the world’s second-largest cement producing market.    Heidelberg, the world’s fou...
News - 19 March 2007

Fate of India’s Cement Makers Isn’t Set in Stone

Shares of Indian cement companies have declined amid concerns about increased government intervention in the industry. While analysts and investment managers don’t expect a quick recovery, some sa...
News - 19 March 2007

SAIL, J.P. Associates to ally for cement plant

Steel Authority of India Ltd (SAIL) has firmed up plans to form a joint venture with J.P. Associates to set up a 2Mta capacity cement plant in Bhilai. SAIL will hold 26 per cent in the proposed jo...
News - 16 March 2007

India Min: Govt keeping a close watch on cement prices

India’s federal government is keeping a close watch on cement prices and hopes that cement companies will "moderate" prices, the NDTV Profit news channel reported Friday, quoting finance minister P...
News - 16 March 2007