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Indian cement sector profitability to reach new highs in FY25India's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking company cites in its ...News - 11 October 2022 |
Bharathi Cement launches new terminal and new productBharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully automated packing and d...News - 11 October 2022 |
Indian cement prices on the upSeptember 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the coun...News - 11 October 2022 |
Adani in talks to acquire Jaiprakash cement unitAdani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected to pay around INR50bn...News - 10 October 2022 |
Adani Group to invest US$848m in Rajasthan cementIndia’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announcement by the company ...News - 10 October 2022 |
India Cements in talks to sell Madhya Pradesh projectIndia Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but...News - 04 October 2022 |
JSW Cement secures funds for expansion plansJSW Cement has secured a INR4000m (US$48.9m) sustainability-linked loan from MUFG Bank India to finance the company’s cement capacity expansion plans, according to The Economic Times. JSW aims t...News - 03 October 2022 |
Birla plans US$1bn investment in new capacityBirla Corp is planning to invest around US$1bn to increase cement production capacity from 20Mta to 30Mta over the next eight years. According to Harsh V Lodha, chairman of Birla Corporation, th...News - 30 September 2022 |
Ramco Cements commissions new 2.25Mta plantIndia’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clinker capacity of 2.25M...News - 30 September 2022 |
Cement demand getting back on track, says India CementsDespite the ongoing ressures from rising fuel, power and logistics costs, growing construction activity is expected to put cement demand in India back on track, according to Mr N Srinivasan, vice ...News - 30 September 2022 |