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USG Supramax shipowners struggling to maintain higher freight ratesThe USG Supramax freight market started the month with negative corrections. The market picture looked depressing from the owners’ point of view. Fresh enquiries were limited: there were barely an...News - 31 December 2024 |
UltraTech Cement to acquire 26% stake in Clean Max Sapphire for US$5.37mUltraTech Cement Ltd has announced the acquisition of a 26 per cent stake in Clean Max Sapphire Pvt Ltd, a special purpose vehicle for setting up a 55MW wind-solar hybrid power project, according ...News - 31 December 2024 |
UltraTech Cement to acquire 8.7% stake in Star CementUltraTech Cement on Friday announced the purchase of 8.69 per cent in Meghalaya-based Star Cement for INR8.51bn (US$99.675mn). The latest acquisition is yet another indication of its rivalr...News - 30 December 2024 |
Blast at Maihar Cement factory kills worker, sparks worker unrestA blast at a cement factory in Maihar district resulted in the death of a worker and led to unrest among employees, according to a report in The Times of India. The incident occurred late Thursday...News - 30 December 2024 |
CCI approves UltraTech's 33% equity share acquisition of The India CementsUltraTech Cement ( Aditya Birla ) has been successful in a cquiring the equity shares of The India Cements Ltd having had receipt of approval from the Competition Commission of India (CCI). ...News - 24 December 2024 |
Adani Group unveils major investments in Bihar, including INR200bn thermal power plantThe Adani Group has announced plans to invest INR 200bn (US$2.4bn) in an ultra-supercritical thermal power plant in Bihar, alongside expansions in cement, logistics, and energy projects within t...News - 23 December 2024 |
2024 signs off with the cement sector committed to decarbonisationCemNet's review of 2024 highlights significant acquisitions, new capacity projects, and continued advances in decarbonisation, underscoring yet another dynamic year for cement producers. Durnin...News - 20 December 2024 |
Petcoke rises sharply, discounts lower after wave of geopolitical events – coal falls back in rangeGeopolitical headlines in November and December dominated the news. The Trump team has been selected and the energy markets are waiting so see if tariffs will be introduced that could set global d...News - 20 December 2024 |
Ambuja Cements to merge two subsidiariesIndia's Ambuja Cements is merging two of its recently purchased units into the company, to streamline the structure of the Adani Group's cement businesses and simplify compliance requirements. A...News - 19 December 2024 |
Kaushalya Logistics to set up depots for JK CementKaushalya Logistics (KL) (India) are expanding to Shahganj, Fatehpur and Akbarpur, which represents a significant step forward in the mission to strengthen the company’s portfolio of logistics ope...News - 17 December 2024 |