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Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightlyBy Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectation...News - 18 January 2023 |
UltraTech improves CDP climate action rating to A-UltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech receive...News - 17 January 2023 |
India invests in green hydrogen productionThe Indian government has approved a plan to invest US$2.3bn in green hydrogen. It plans to produce at least 5Mt of green hydrogen by 2030, reducing the dependence of its cement sector on fossil ...News - 16 January 2023 |
Oriano commissions solar projects for Shree CementIndia-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Banka, Bihar. The pl...News - 16 January 2023 |
Adani Group investment to soarThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the s...News - 12 January 2023 |
Sika reports record sales in excess of CHF10bnIn 2022 Sika reported sales in excess of CHF10bn (US$10.83bn) for the first time as the company saw sales growth of 15.8 per cent in local currencies compared to the previous year. Total sales c...News - 12 January 2023 |
USG freight market stable supported by demandBy Brannvoll ApS, Denmark The USG Supramax freight market remained largely supported during the month, especially on fronthaul routes as petcoke demand remained strong and shipments to India a...News - 10 January 2023 |
Jaiprakesh Associates defaults on loansJaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make paym...News - 09 January 2023 |
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-23During the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to ...News - 09 January 2023 |
Ambuja Cements forms new subsidiary, ARLIndia’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generation. ARL was inco...News - 06 January 2023 |