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Cement firms add 3.65Mt of fresh capacity, India

Cement companies in India have registered fresh capacity additions of 3.65Mt during Apr-Jun 2006 (about 7Mt for whole year 2005-2006). This has increased the total installed capacity of the Indian...
News - 03 July 2006

Kesoram increases borrowing limit to meet expansion plans, India

To meet the expenses of its future expansion plans, Kesoram Industries Ltd on Thursday increased its borrowing limit to Rs 2,000 crore from Rs 1,000 crore. Shareholders of the company at its 87th...
News - 30 June 2006

Chettinad Cement completes merger of two subsidiaries, India

Chettinad Cement Corporation Ltd (CCCL) today said its two wholly-owned subsidiaries have completely merged with the company, following the approval of the scheme of amalgamation by Tamil Nadu Hig...
News - 30 June 2006

Birla to set up cement unit in Jharkhand, India

Birla Corporation has informed the Jharkhand government that it was keen to set up a 2Ma cement plant in in the state of Jharkhand at an investment of Rs 1,000 crore. The company’s Senior Joint Pr...
News - 30 June 2006

Mumbai cement prices cut marginally, India

Cement prices have come down by Rs2-4 per bag in Mumbai even as the first shower of monsoon lashed the city. The price of a cement bag in Mumbai is around Rs 245 now.    Industry players say that...
News - 30 June 2006

Govt urged to bring cement, sand under EC Act

About 4,000 construction workers staged a demonstration close to Kochin, India on Wednesday, seeking immediate intervention of the Central and State governments to bring down the prices of raw mat...
News - 29 June 2006

Cement cartelisation probe to be widened

All cement makers in India are set to answer some uncomfortable questions in the next few days. The Monopolies & Restrictive Trade Practices (MRTP) Commission has asked its investigation arm to br...
News - 29 June 2006

Heidelbergcement eyes stake in Mysore Cements

Germany’s Heidelbergcement AG is close to buying a stake of around 30 per cent in Mysore Cements Ltd for INR2.5bn, according to local news reports, citing sources close to the development.    Mys...
News - 28 June 2006

Steel Authority of India has identified Jaiprakash Associates as joint venture

Steel Authority of India has identified Jaiprakash Associates as the strategic partner for setting up a 2Mt slag-based cement unit at its Bhilai Steel Plant. In an intimation to exchanges, the com...
News - 28 June 2006

ACC sells shares to Ambuja Cement

The Associated Cement Companies(ACC) has sold 38,75,627 shares aggregating to 2.07 per cent of the total share capital of the company between May 31, 2006 and June 14, 2006, to Ambuja Cement India...
News - 27 June 2006