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UltraTech Cement in talks to acquire HeidelbergCement IndiaUltraTech Cement , the flagship company of the Aditya Birla Group, is reportedly in advanced discussions to acquire HeidelbergCement India Ltd from German cement major Heidelberg Materials. Sou...News - 27 January 2025 |
JK Cement to buy 60% stake in Saifco CementsIndia-based JK Cement Ltd announced it will acquire a 60 per cent stake in Saifco Cements , located in Khunmoh, Srinigar. The INR1.74bn (US$20.1m) deal is expected to enable JK Cements to enter...News - 27 January 2025 |
Dalmia lays out US$120m capex plansDalmia Bharat is set to invest around INR10bn (US$120m) in capital expenditure in the quarter ending March 2025, bringing its total spend for the current fiscal year to INR30bn (US$360m), accord...News - 24 January 2025 |
USG Supramax market experienced mixed sentiment and volatile fixing activityThe USG Supramax spot freight market had a mixed sentiment throughout December. At the beginning of the month, the segment showed improved activity levels as charterers and owners were eager to fi...News - 23 January 2025 |
India explores CCUS to decarbonise cement sectorIndia’s cement industry, among the largest globally, accounts for approximately 5.8 per cent of the country’s total CO 2 emissions, with clinker production being the primary contributor. While al...News - 21 January 2025 |
Markets await Trump’s tariff move, but oil remains stable while petcoke discounts are downEnergy markets are still awaiting the initial actions of US President Elect Donald Trump. In particular, policies on tariffs are expected to have huge impact on demand and trade, as well as on fre...News - 20 January 2025 |
Iranian clinker exports continuing their sharp declineIranian domestic cement sales contracted a notable 16.5 per cent YoY to 5.520Mt in November, down from 6.610Mt a year earlier, according to the Iranian cement association. Producers manufactured...News - 16 January 2025 |
NCL Industries reports mixed performance for 3QFY24-25NCL Industries has reported a mixed performance across its business segments for the third quarter of FY24-25, highlighting both gains and declines acros...News - 14 January 2025 |
SEBI lifts block on JSW Cement's IPO applicationThe Securities and Exchange Board of India (SEBI) has officially lifted the suspension on JSW Cement Ltd 's initial public offering. The IPO should now follow the standard regulatory process, wi...News - 10 January 2025 |
Indian cement makers face pressure from pricing weakness in 3QFY24-25Indian cement manufacturers are expected to report single-digit volume growth for the third quarter of FY24-25, while profitability is likely to decline due to continued pricing weakness. Analysts...News - 10 January 2025 |