Cement News tagged under: India
Sanghi Industries signs MoU for plant expansion04 January 2019, Published under Cement NewsIndia’s Sanghi Industries Ltd has announced plans to expand its existing cement plant in Sanghipuram, Kutch, to 8.6Mta from 4Mta. The project is expected to be completed at an investment of INR15bn (US$214.78m) and generate employment for around 350 people. The company's Chairman and Managing Director, Ravi Sanghi, has signed a Memorandum of Understanding with the Principal Secretary of Industries and Mines, M K Das, to advance the project. The project is likely to commence by 2020, accor... |
JK Cement to raise INR6bn for capacity expansion27 December 2018, Published under Cement NewsJK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. The company is seeking to raise INR6bn (USD85.39m) to fund the expansion of grinding capacity at its Mangrol and Nimbahera plants by 1Mta each, according to the Hindustan Times. The company will also increase the existing clinker capacity at Mangrol by 2.48Mta, with surplus clinker to serve two new split grinding units to be construc... |
Shree Cement commissions clinker line at Karnataka27 December 2018, Published under Cement NewsShree Cement (India) has commissioned the clinker section of its 3Mta integrated cement plant at Kodla village in the Kalaburagi District of Karnataka. Shree Cement is one of India’s most rapidly expanding cement companies, with its principal cement manufacturing operations located in six states across north and eastern India. |
Emami Group to demerge solar assets from cement company20 December 2018, Published under Cement NewsIndia’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under Emami Power, which will allow Emami Cement to focus solely on its core business. "Proposed demerger is being undertaken with a view to consolidate the power production business in Emami Power while allowing our company to focus on its cement manufacturing operations," stated Emami Cement in July, before approval was r... |
LafargeHolcim eyes Indian growth17 December 2018, Published under Cement NewsThis week, LafargeHolcim group stepped up its efforts to expand its operations in the high-growth Indian cement market. Both ACC Ltd and Ambuja Cement, subsidiaries of LafargeHolcim that control a combined 63Mt of capacity, have announced new capex programmes. LafargeHolcim controls a 63.11 per cent stake in Ambuja Cement and Ambuja Cement has a 50.05 per cent shareholding in ACC Ltd, with LafargeHolcim also having a 4.48 per cent direct shareholding in ACC Ltd. ACC Ltd greenfield plant ... |
Ramco Cements to build a 3.15Mta plant in Andhra Pradesh17 December 2018, Published under Cement NewsIndia’s Ramco Cements has laid the foundation stone for a new 3.15Mta greenfield cement plant at Kalavatala, Kolimigundla Mandal, Andhra Pradesh. The environmental clearance has been received for the INR15bn (US$209.3m) project and the required mining lease is in place. Alongside the facility, the project will see the construction of a waste heat recovery system, thermal power plant and a 25km railway line from Sanjamala station. The plant is expected to be completed within 15 months of ... |
Ambuja Cement calls on collaboration for sustainable water management17 December 2018, Published under Cement NewsAmbuja Cement Foundation (ACF), the CSR arm of Ambuja Cements Ltd, has called for a greater emphasis on cohesive and collaborative efforts to inspire sustainable water management and build water sufficient, progressive and prosperous communities across India. In association with Samhita – a social enterprise specialising in developing CSR initiatives – ACF hosted a participatory dialogue on 'Investing in Water for Today and the Future' to address and mitigate the growing water scarcity issu... |
India's GST council may cut tax on cement14 December 2018, Published under Cement NewsIndia's Goods and Service Tax (GST) council may consider moving construction items, such as cement, out of its highest tax band of 28 per cent in its meeting next week, according to The Economic Times. Cement is one of 35 items left in the band which is primarily used to tax luxury items. Cutting the GST rate on the material is expected to provide a boost to the housing and construction industry. "While a general expectation has always been for restricting the 28 per cent rate list to onl... |
Binani Cement changes name following acquisition14 December 2018, Published under Cement NewsBinani Cement has announced that it will be changing its name to UltraTech Nathdwara Cement Ltd, following the company’s acquisition by UltraTech on 20 November. UltraTech Cement’s capacity in the northern region will be enhanced to 24Mta, with the producer expected to become one of the strongest in the market. |
Ambuja Cement announces greenfield investment and CEO resignation13 December 2018, Published under Cement NewsThe Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India. The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additional cement grinding capacity of 1.8Mt and a captive power plan and waste heat recovery system at Ma... |