Cement News tagged under: Ambuja Cement

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02 August 2016, Published under Cement News

LafargeHolcim has agreed to sell Lafarge India to the Indian conglomerate Nirma Ltd for around US$1400m. It will be Nirma’s first investment in the cement sector and comes in spite of a marginally higher offer from a Chinese cement producer. The deal involves three cement works and two grinding centres with a combined capacity of some 11Mt and is also one of the largest ready-mixed concrete producers in India. The disposal of some cement operations were demanded by the competition authoritie...


04 July 2016, Published under Cement News

LafargeHolcim aims to sell its operations in Sri Lanka, which consists of one integrated works, a grinding centre and a bagging plant.  Its cement production in 2015 amounted to 1.7Mt, generating a turnover of US$158m.  Three local companies are thought to be potentially interested along with some foreign companies, notably Chinese. Ambuja Cement is to increase the capacity of its grinding centre at Rupnagar, Punjab by 0.9Mta to 3.4Mta. 

India: Ambuja Cement to expand Rupnagar grinding plant

06 June 2016, Published under Cement News

Ambuja Cement has announced that it plans to upgrade the capacity of its grinding plant in Rupnagar in Punjab by 0.9Mta, taking its output to 3.4Mta. The project, which is estimated to cost just INR10.5m (US$156,071), is to be achieved through process optimisation and it is not anticipated that the upgrade plant will require more power than the 15.8MW it currently has access to. In March Ambuja Cement announced that it would spend US$599m building a new integrated works and two new gri...

Ambuja Cement adds 0.9Mta to Sankrail grinding unit

25 May 2016, Published under Cement News

India’s Ambuja Cement has added 0.9Mta of capacity to its Sankrail grinding unit near Kolkata. The INR3.38bn (US$50.2m) project was commissioned on 24 May 2016. As a result of the expansion, the plant’s current capacity now stands at 2.4Mta. The project included installation of 140tph Thyssenkrupp roller press, increasing the capacity of Cement Mill 1 to 235tph in combo grinding and two additional 240tph packers. Speaking on the occasion, Ajay Kapur, MD CEO Ambuja Cements said, "I am...

Ambuja Cements reports 4.4% profit fall

29 April 2016, Published under Cement News

India’s Ambuja Cements has reported a 4.4 per cent fall in net profit, which reached INR3.038bn (US$45.6m) in 1Q16. In the first quarter of 2015, net profit reached INR3.177bn. The company’s income has decreased by 0.89 per cent at INR25.809bn for quarter under review as compared to INR25.581bn for the quarter ended 31 March 2015. Net sales declined slipped by 0.3 per cent to INR24.18bn in 4QFY16 as against INR24.25bn in the corresponding quarter last year, according to a company statemen...

Ambuja Cement prepares for 6-7% growth in 5 years

22 March 2016, Published under Cement News

India’s second-largest cement producer, Ambuja Cement, expects cement demand to grow by 6-7 per cent in the next five years as the Indian government ramps up infrastructure investment. In 2015 the domestic cement sector expanded by 1-2 per cent. To meet this future demand, the company plans to build an integrated cement works at Marwar Mundwa in Nagaur district, Rajasthan, with associated grinding units at Osara, Madhya Pradesh, and Dadri, Uttar Pradesh. The two projects reflect an invest...

Ambuja cement is banned in Jammu and Kashmir

22 September 2015, Published under Cement News

The sale of Ambuja cement has been banned in Jammu and Kashmir by the government after an investigation discovered the sale of underweight bags and irrational prices, said a state minister. The investigation found that the company was selling cement bags at two different MRP rates in Kashmir and Jammu regions, according Mr Choudhary Zulfkar Ali, Minister for CA&PD and Tribal Affairs. A cement bag was sold in Kashmir for INR346.65 per bag while in Jammu it retailed at INR437.69, he added. ...

India moves towards ending coal monopoly

21 October 2014, Published under Cement News

The Indian government has taken a cautious step towards ending the coal monopoly as its plans to allow private players to mine and sell coal, a move that is expected to benefit cement companies amongst others. The cabinet has approved auction of 74 of the recently-cancelled 204 coal blocks in the next 3-4 months. While state-owned companies will be allocated coal blocks on a priority basis and will not have to bid in the auction, private companies will be able for the first time to buy bl...

India: Ambuja Cement Q4 net down by 30%

12 February 2013, Published under Cement News

Ambuja Cement, India's fourth-largest cement maker, slipped considerably in its latest quarterly performance. The Holcim-owned cement major's profitability for the December quarter declined far below the estimates, making it one of the cement industry's worst performances in recent quarters. At a time when its sister concern ACC managed a better-than-expected quarterly show, Ambuja's net profits plunged 30 per cent to INR2120m (US$39.2m) compared with INR3020m (US$55.9m) in the previous co...

Cement major to set up third unit in West Bengal

31 December 2012, Published under Cement News

Ambuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already operates plants in Sankrail and Farakka. State commerce and industries minister Partha Chatterjee said the cement major was looking to establish a new greenfield unit in Bengal. The minister was speaking to reporters on the sidelines of an event to launch the expansion of the company's 2.4Mta grinding unit in Sankra...