Cement News tagged under: India
India's shrewd consolidator02 February 2018, Published under Cement NewsThe Indian cement market is still caught in the grips of consolidation and Dalmia Bharat Cement Ltd (DBCL) is positioning itself to be a strong player going forward with the news that it is ready to acquire Kalyanpur Cement . Dalmia Bharat Group already states its mission is to be in the top two for every business in which it is involved, which includes power, sugar and refractories. While the addition of the Kalyanpur Cement plant in Bihar would add just 1Mta to the Dalmia Bharat capac... |
Illegally imported cement seized by Nepal police02 February 2018, Published under Cement NewsCement illegally imported from India into Nepal, has been taken into police possession. During the transportation of the material to the District Police Office (DPO), local authorities were obstructed by protests from traders. Officers fired their weapons into the air to bring the situation under control, according to a report by The Himalayan Times. A total of 33 sacks of cement were seized by the police, claims Ram Kumar Dani, Deputy Superintendent of Police at the Rautahat DPO. The tra... |
Indian demand to pick up by 2% in FY1801 February 2018, Published under Cement NewsIndian cement demand has been forecast to increase by two per cent in FY18, according to a notice by ICRA. In the first eight months of FY18 cement production grew by 0.6 per cent YoY, to 190Mt from the 188.8Mt reported in the year-ago period. However production declined in the first and second quarter of FY18 when compared to FY17, falling 3.3 per cent and 0.4 per cent respectively, reports The Financial Express. Demand has been impacted by a variety of issues throughout the year such as ... |
Dalmia Bharat ready to acquire Kalyanpur Cement30 January 2018, Published under Cement NewsDalmia Bharat is set to acquire bankrupt Kalyanpur Cement after lenders have approved a debt resolution plan, reports the Economic Times. Dalmia outbid other companies like JSW Cement, JK Lakshmi and Star Cement, in a resolution which may exceed INR3.5bn (US$54.92m). Although the National Company Law Tribunal (NCLT) have not yet approved the acquisition, a decision is expected within the coming days. "The debt resolution assumes significance as the company is based out of Bihar, where the... |
Orient Cement reports 12% increase in revenue30 January 2018, Published under Cement NewsOrient Cement has seen a 12.1 per cent increase in revenue in the quarter ended December 2017, according to Money Control. The revenue rose to INR5.11bn (US$80.37m) from INR4.56bn seen in the year-ago period. However, the company has reported a net loss of INR177m (US$2.78m) in the 3QFY18, compared to the loss of INR116m in the previous year’s period. EBITDA fell 14.1 per cent YoY to INR391m, and the EBITDA margin decreased by 240bps at 7.6 per cent. |
Cement producers change clinker import route30 January 2018, Published under Cement NewsCement plants in the Bara-Parsa Industrial Corridor, Nepal, have started importing clinker from Narayanpur railway station in India after residents in Raxaul barred the transport of clinker citing increased pollution and health hazards. Narayani Cement and Shalimar Cement are bringing in clinker from Narayanpur railway station, some 150km from Raxaul. The cement plants said the consignments have already arrived at the station and are being prepared for transport to Birgunj. Since impo... |
ACC launches new cement26 January 2018, Published under Cement NewsNeeraj Akhoury, CEO, ACC Ltd, launched the company’s new F2R Superfast cement on Tuesday, according to the Business Standard. The product is the latest addition to the F2R range, designed to meet consumer needs and local conditions. It will feature tamper-proof packaging to ensure that the cement retains the best possible quality during its delivery to the customer. "We are very excited with our latest innovation which was developed in response to specific customer needs such as fast se... |
Reliance awarded 468ha of Yavatmal forest for new cement plant25 January 2018, Published under Cement NewsIndia’s Maharashtra government has given the green light to the diversion of 467.5ha of reserved forest land for the construction of a cement plant in Zari Jamni, Yavatmal district. Reliance Cementation Pvt Ltd had been pursuing the project since 2009. The application seeking diversion of the 'C class’ forest reserved under Forest Conservation Act, 1980, was officially moved in May 2011 and the state government gave its approval in April 2012, followed by the Union government in December... |
Ambuja Cement co-processes 12,500t of biomass at Rabriyawas works22 January 2018, Published under Cement NewsLafargeHolcim-owned Ambuja Cement has co-processed more than 12,500t of biomass from farmers at its Rabriyawas plant in 2017, a considerable increase when compared with less than 800t in 2012. The Ambuja Cement Foundation established a farmer-producer company to directly supply biomass to Geocycle India, which processed the waste into a suitable fuel for firing the Rabriyawas kiln. |
India becomes second-largest market for Pakistani cement exporters22 January 2018, Published under Cement NewsPakistan’s cement exports to India grew by 26.3 per cent in FY17. Since beginning in 2010, India has become the second-largest market for cement exporters, with a 27 per cent share of the total exports from Pakistan in FY17. Elsewhere, exports to Pakistan’s largest market, Afghanistan, fell for the sixth consecutive year in 2017. This has been attributed to a large portion of Afghanistan’s demand now being met by cheaper cement imported from Iran. The decline is part of an overall decrea... |