Cement News tagged under: India

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Emami Cement files IPO prospectus

15 October 2018, Published under Cement News

Emami Cement has filed a prospectus with market regulator Sebi to raise up to INR10bn through an IPO, according to a document on issue manager manager Axis Capital’s website. "The Initial Public Offering of equity shares of face value INR10 each of Emami Cement Ltd for cash. The offer comprises of a fresh issue of equity shares aggregating up to INR500cr and an offer for sale (OFS) of equity shares aggregating up to INR500cr," it states. The IPO will include shares offered by founders gr...

High expenses deter industry from investing in Himachal Pradesh

12 October 2018, Published under Cement News

Multiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant...

Tamil Nadu Cements completes construction of new plant

11 October 2018, Published under Cement News

India’s Tamil Nadu Cements Corp Ltd has completed the erection of a 1Mta plant in Ariyalur, with 95 per cent of the total work now completed. The new facility represents an investment of INR7.5bn (US$101m) and will be the company’s second plant in the region. "The new plant will be a game changer on various aspects. The fully-automated plant is designed to produce 1Mt of cement a year. It will start commercial production in January or February," said Mr Balasubramaniam, managing director ...

New RDF rules for Indian cement plants

11 October 2018, Published under Cement News

Detailed guidelines recently finalised for India’s Solid Waste Management Rules 2016 will see cement factories within 400km of RDF plants have to ensure that the material constitutes at least five per cent of their fuel supply. "In this arrangement, cement industries will have to pay the transportation cost of the first 100km, while urban bodies will have to pay for the remaining 300km," said VK Jindal, joint secretary and mission director of Swachh Bharat Mission. Mr Jindal noted that m...

China National Heavy Machinery Corp win Confidence Cement order

09 October 2018, Published under Cement News

Confidence Cement Dhaka Ltd, an associate of Confidence Cement Ltd, has signed an EP Contract with the China National Heavy Machinery Corporation (CHMC). The contract incudes the supply and delivery of necessary machines/equipment with accessories for a cement mill (VRM) to produce 280tph PCC. The order will consist of the unloading of raw materials to dispatch of bagged/bulk cement, including supervision and commissioning along with related auxiliaries and technical assistance during insta...

NCL Industries reports 32% production increase

09 October 2018, Published under Cement News

India’s NCL Industries has announced strong results in the Jul-Sept 2018 period. Cement production increased 32 per cent YoY to 0.48Mt, while dispatches similarly rose 31 per cent to 0.48Mt. Elsewhere, the company’s production of its cement particle boards advanced 19 per cent YoY to 16,458t. Dispatches of the product increased seven per cent to 16,728t.

Fly ash transported through India's inland water highway

08 October 2018, Published under Cement News

As part of an ongoing project to establish a water highway route, the Inland Waterways Authority of India has successfully transported 1235t of fly ash from NTPC’s power facility in Bihar to Pandu, Assam. Following the completion of one of the country’s longest haulages in inland water transport, the material will be used by Star Cement.  "This endeavour will also establish the water highway route from Kahalgaon to Pandu in Assam via Bangladesh border helping transportation of other goods ...

Sagar Cements records 27% production increase in September

08 October 2018, Published under Cement News

India’s Sagar Cements has reported that its consolidated cement production increased 27.2 per cent in September 2018, rising to 256,507Mt from 201,690Mt. Furthermore, consolidated cement sales advanced 21.8 per cent to 249,882Mt, compared with 205,097Mt of the year-ago period.

Indian cement dealers association requests price control

04 October 2018, Published under Cement News

The Kerala State Cement Dealers’ Welfare Association (KSCDWA) is expected to request that the government forms a regulatory committee with cement companies to moderate prices in the state. Until last month cement was available for INR355-360/50kg bag (US$4.81-4.88/50kg bag). However, this has now increased to INR395-440/50kg bag. In other states, the price remains at around INR310-360/50kg bag, according to the Deccan Chronicle. KSCDWA state secretary, Ellathodi Sirajudheen, commented t...

JSW Cement's growth plans

03 October 2018, Published under Cement News

This week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company has been expanding rapidly in recent years from its start-up in 2009 and this summer it also announced that it will be setting up its first overseas grinding unit in Fujairah, UAE . Both these projects are scheduled to be completed by the end of 2019, by which time the Portland slag cement producer aims to have a ...