Cement News tagged under: India

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Indian cement dealers expect volumes to decline 35-40%

31 March 2020, Published under Cement News

Following the impacts of COVID-19, Indian cement dealers are expecting volumes for March to decline by 35-40 per cent YoY and April to be a wash-out, according to The Financial Express. Volumes had been reportedly growing at 10-12 per cent YoY in the east, and 4-5 per cent YoY in the west and central regions. However, cement dispatches have stopped since 21 March and all major cement plants are now shut. Volume loss from the nationwide lockdown is estimated to be around 40 per cent in March...

Indian lockdown leaves plant staff stranded

31 March 2020, Published under Cement News

Following the Indian lockdown as a response to the COVID-19 outbreak, Ramco Cements has stopped production at its plant in Haridaspur, Jajpur. However, around 400 workers from other states such as Jharkhand, West Bengal and Bihar allegedly remain stranded inside the factory, according to The Pioneer. The issue has now been raised with company management and the appropriate District Collector.

Indian cement manufacturers take precautions against COVID-19

25 March 2020, Published under Cement News

India’s cement manufacturers are taking precautions against the spread of COVID-19. JK Cement Ltd is working with a reduced workforce, maximising video-conferencing and minimising contact. As a result of government policy, it has also announced which of its plants will now suspend production. JK Cement facilities at Nimbahera and Mangrol, both situated in Chittorgarh, Rajasthan, will close. Elsewhere, units at Gotan (Nagaur, Rajasthan), Jharli, (Jhajjar, Haryana), Katni (Madhya Pradesh) a...

Udaipur Cement of India shuts plant due to Coronavirus epidemic

24 March 2020, Published under Cement News

Udaipur Cement Works Ltd (UCWL) of India has informed Bombay Stock Exchange (BSE) on 23 March  that operations of the company's plant at Udaipur have been temporarily closed untill further notice as per the directions of the State Government and as safety measure against spread of the COVID-19 virus.   A bourse filing of company adds that decision on resuming operations will depend on further directions of the Government.   Udaipur Cement Works Limited, (formerly known as JK Udaipur Udyog L...

Shree Cement to shut all production facilities in Rajasthan

24 March 2020, Published under Cement News

India’s Shree Cement has announced that it is undertaking measures to shut down all of its Rajasthan-based plants until 31 March 2020, or further notice, according to a statement. The news follows the Government of Rajasthan issuing a direction for the closure of all production facilities in the state to control the community transmission stage of COVID-19.

Dalmia Bharat announces share buy-back scheme

24 March 2020, Published under Cement News

The board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m). It intends to buy no more than 71,42,857 shares at a maximum price of INR700 per unit. The shares will be purchased from the open market through the National Stock Exchange of India and BSE Ltd, according to a statement.

Coronavirus uncertainty likely to flatline Indian cement prices

23 March 2020, Published under Cement News

Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sector analysts. “Coronavirus’ impact is not felt as yet in construction activity. It is unlikely to be affected in the near term unless there is a major economic slowdown all across," Sandip Ghose, chief operating officer at Birla Corp told Business Standard. “There may not be an increase but prices are expected to rem...

KHD signs EP contract with India's ACC

19 March 2020, Published under Cement News

Regional subsidiaries of KHD Humboldt Wedag have signed an EP contract with India's ACC Ltd (LafargeHolcim) for the engineering, supply of equipment and supervisory services related to the erection and commissioning of a raw meal grinding unit and a pyroprocessing line. The EUR35m contract package also includes the supply and installation of the electrical and instrumentation equipment for an entire cement plant. The contracts are expected to be booked as order intake as soon as the condi...

Andhra Pradesh producers to reduce prices for government projects

18 March 2020, Published under Cement News

Cement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani...

India Cements sees investors increase stake

17 March 2020, Published under Cement News

The Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. This follows the family boosting their stake from 7.27 per cent to 11.98 per cent on 26 February 2020.