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Morgan Stanley invests in ACC

Morgan Stanley has bought a stake in Indian cement producer ACC Ltd. According to Mint, Morgan Stanley Asia (Singapore) has purchased 941,557 ACC shares at INR2290 each, marking an investment of...
News - 05 September 2022

Adani Enterprises replaces Shree Cement in Nifty50 on NSE

Adani Enterprises is to be included in the headline index Nifty50 on the National Stock Exchange of India (NSE) from 30 September 2022, replacing Shree Cement . According to The Economic Tim...
News - 02 September 2022

UltraTech commissions 1.3Mta Dalla expansion

UltraTech Cement Ltd announced the commissioning of the 1.3Mta expansion to its Dalla Cement Works in Uttar Pradesh, India. As a result, the plant’s cement capacity is now 1.8Mta and the company...
News - 31 August 2022

Grasim Industries announces US$392m capex

India’s Grasim Industries, part of the Aditya Birla Group , is planning capex of INR31,170m (US$391.9m) in its existing lines of business this fiscal year, primarily for the creation of new capac...
News - 30 August 2022

Freight rates stagnant, but minor upturn expected

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month in a positive mode, showing recovery with rates firming up amid a shortened list ...
News - 29 August 2022

RCC Cements Ltd appoints company secretary and compliance officer

India’s RCC Cements Ltd has appointed Shimpy Goyal as company secretary and compliance officer, effective from 25 August 2022. Ms Goyal succeeds Ms Bhawna Arora who resigned from the position on ...
News - 29 August 2022

Increasing scope 3 emission reduction investments

This week, Hanson UK reported on its investment in electric vehicles (EV). The need for more clean energy transport in the cement sector is expected to rise substantially as companies look to meet...
News - 26 August 2022

Adani orders Gebr Pfeiffer mill and classifier

Adani , Gujarat, will supply the market in western India with high-quality cement from a Pfeiffer MVR mill through its subsidiary Adani Cement Industries Ltd. A grinding plant for 165tph of fly a...
News - 25 August 2022

WCA focus on MENA region decarbonisation

The World Cement Association (WCA) has held its first CEO-exclusive, pre-conference webinar, in which participants concluded that cement producers in the Middle East and North Africa (MENA) can ha...
News - 23 August 2022

Gujarat Sidhee Cement reports revenue fall

Gujarat Sidhee Cement Ltd (GSCL) has recorded total income of INR1.89bn (US$23.69m) in the quarter ended 30 June 2022, compared to INR2.04bn in the quarter ended 31 March 2022. Net profit over t...
News - 22 August 2022