Cement News tagged under: India
ACC and Ambuja place merger on hold27 February 2018, Published under Cement NewsACC Ltd and Ambuja Cements Ltd have placed their proposed merger on hold due to constraints related to the transfer of mines under current laws, reports the Hindustan Times. "The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently," said a spokesperson for ACC. "Given the challenges of achieving such transfers across 18-20 states, it was found prudent not to pursue the same at this point of time." The merger has been under re... |
Duraton Cement distributes its first cement27 February 2018, Published under Cement NewsAsian Fine Cements Ltd has has launched its own flagship brand, Duraton Cement, having invested in a 1.5Mta greenfield cement plant in Rajpura, Punjab, India. Duraton Cement dispatched its first consignment of cement to the local Gurdwara in Rajpura and Mansa Devi Temple in Chandigarh. Following this, it will dispatch its cement to more than 100 dealers across Punjab, Haryana, Chandigarh and Himachal, but the distribution will be expanded to cover nationwide. The cement plant features ... |
Birla Corp to increase availability of premium product27 February 2018, Published under Cement NewsBirla Corp is planning to roll-out its premium-brand product, Perfect, across all regions of India apart from the South. The cement is manufactured at Reliance Cement Company’s Maihar plant, which has a strategic logistical advantage, according to India Info Online. Perfect contributed 16.6 per cent to the company’s consolidated turnover in the 3QFY18, which translates to INR2.3bn (US$35.5m). Birla aims to achieve 90 per cent capacity utilisation at the 3Mta Maihar plant, where it has al... |
Plans for new Jajpur plant result in protests23 February 2018, Published under Cement NewsRamco Cement Ltd’s plans to establish a new cement plant in Jajpur district, Odisha, India, have resulted in 1500 local villagers organising a protest. The villagers demanded that the project be stopped, according to The Pioneer. "Most of the residents of Haridaspur, Sundaria, Neulaur, Thanual, Arua, Gangdharpur, Palara, Dankari and other villages are poor farmers. They have been eking out their livelihoods by cultivating paddy and other crops. Their paddy fields will be destroyed by the ... |
LafargeHolcim's Ambuja Cement to build new 3.1Mta Rajasthan plant21 February 2018, Published under Cement NewsLafargeHolcim will strengthen its presence in India with the construction of a new cement plant in Marwar Mundawa, in the state of Rajasthan. The CHF200m (US$213.4m) investment will serve customers in the north, including Delhi. The new plant, which is being set up by the group’s subsidiary Ambuja Cement will have a clinker capacity of 3.1Mta and is due for commissioning in the second half of 2020. Jan Jenisch, group CEO of LafargeHolcim, said: "India is the second-biggest global cement ... |
Ambuja Cements Ltd posts 89% leap in 4Q17 profits21 February 2018, Published under Cement NewsAmbuja Cements Ltd (LafargeHolcim Group) has reported an 89 per cent jump in quarterly profit, helped by higher cement sales volume. Stand-alone profit rose to INR3.38bn (US$52.2m) in the fourth quarter ended 31 December 2017, from INR1.79bn a year earlier. Cement sales volume rose to 5.87Mt in the quarter, from 5Mt in the 4Q16. Net quarterly sales advanced 19 per cent YoY to INR26.12bn. |
Shree Cement commissions New Bihar cement plant20 February 2018, Published under Cement NewsShree Cement has commissioned a 2Mta grinding plant called the 'New Bihar cement plant', which is located at Aurangabad in the state of Bihar, India. The company has recently commissioned its Bangur cement grinding unit. The new plant has capacity of 3.6Mta and is located at Village Rohi Udaipur Udasar, Sriganganagar district, Rajasthan. Currently, Shree Cement's manufacturing operations are located in six north and eastern India states. |
UltraTech and Dalmia Bharat highest bidders in Binani Cement deal19 February 2018, Published under Cement NewsUltraTech Cement and Dalmia Bharat-Bain Piramal Resurgence Fund consortium are leading the bids for Binani Cement, according to Indiainfoline. Both partieshave submitted bids of approximately INR60,000m (US$927.9m). For the final decision to be made by the creditors, both the bidders are asked to furnish additional details pertaining to their bids. In addition, UltraTech is required to provide information on a Competition Commission of India (CCI) penalty. In 2016, CCI imposed a penalty of ... |
Shree Cement commissions grinding unit15 February 2018, Published under Cement NewsShree Cement has commissioned a new grinding unit in Sri Ganganagar, Rajasthan. The new facility has a capacity of 3.6Mta. In the 3Q17 the company reported a net profit increase of 41.6 per cent YoY to INR3.33bn (US$52.1m) and 23.1 per cent growth in net sales to INR22.96bn. |
Indian cement sees growth in industrial production table15 February 2018, Published under Cement NewsThe Indian cement industry shows recovery in production during the current financial year contrary to last financial year. According to the Indian Economic Survey 2017-18, which tracks output of the country's eight core industries, the domestic cement sector saw a production growth of 0.6 per cent during the period April-November 2017-18. This compares to -1.2 per cent in FY16-17 (April-March) after recording a growth of 4.6 per cent in FY15-16. The eight core infrastructure supportive ... |