Cement News tagged under: India
Dalmia Cement supplies India's longest bridge30 May 2017, Published under Cement NewsDalmia Cement (Bharat) Ltd has supplied 17,000t of high-quality cement for the construction of the Dhola-Sadiya bridge connecting Arunachal Pradesh to Assam, which was inaugurated on Friday by India's Prime Minister, Narendra Modi. Realised through a consortium of companies, Dhola-Sadiya is India's longest bridge, spanning a distance of 9.15km across the Brahmaputra river. It is located 540km from Guwahati in Assam and 300km from Itanagar, Arunachal Pradesh. The aerial distance to the Chin... |
Prism Cement quarterly net profit falls26 May 2017, Published under Cement NewsIndia-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier. Consensus forecast for March quarter profit was INR23.01m, according to Reuters. Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago. Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Prad... |
Pakistan cement exports continue to disappoint25 May 2017, Published under Cement NewsPakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country exported 3.9Mt of cement at a total value of US$205m, considerably lower than the 5.06Mt at US$274.3... |
UltraTech's purchase of Jaiprakash assets reportedly nears completion22 May 2017, Published under Cement NewsUltraTech Cement cquisition of the cement business of Jaiprakash Associates is expected to be completed in the next few months, a top group executive said in an interview with local media. “The Jaiprakash Associates acquisition is on track and should get done sooner than later,” group chief financial officer Sushil Agarwal said. In July last year, UltraTech agreed to acquire Jaiprakash Associates ’ cement plants, which have a total capacity of 21.2Mta, making it one of the largest de... |
Shree Cement's eastern promise22 May 2017, Published under Cement NewsShree Cement is looking to expand its presence in eastern India with the construction of two grinding facilities, according to local press. As part of its expansion plan in the east from its base in Bihar, Shree Cement is constructing one plant in Raghunathpur, West Bengal, and the other near Cuttack, Odisha, the report in Business Standard (India), stated. Managing Director, HM Bangur, told the daily that Shree had acquired 120-130 acres in Bengal and that a deal to acquire 150 acres i... |
Wonder Cement looks to lift capacity to 11Mta18 May 2017, Published under Cement NewsWonder Cement plans to set up three units in the Indian states of Maharashtra, Madhya Pradesh and Haryana to increase its total cement capacity to 11Mta over the next three years. "We have 5.2Mta of installed capacity and hope to increase to 11Mta by 2020," JC Toshniwal, managing director of Wonder Cement, said. He further added that the company is expected to receive environmental clearance for a 2Mta grinding unit in Dhule, Maharashtra, next month and production is expected to commence b... |
Shree profits fall sharply18 May 2017, Published under Cement NewsShares of Shree Cement declined over five per cent on Wednesday after the company said its profits more than halved in March quarter. The company reported a standalone profit of INR304.5bn (US$4.73bn) for the fourth quarter ended 31 March, compared with INR663bn, reported for the same period last year, said the Economic Times. The company said total income during the quarter under review increased to INR2834bn from INR2724bn in the January-March quarter of 2015-16. The earnings are not co... |
UltraTech Cement commissions slag cement grinding works15 May 2017, Published under Cement NewsUltraTech Cement said it has commissioned a slag cement grinding works at Patliputra in Bihar, India. "The company has commissioned a 0.3Mta slag cement manufacturing capacity at its existing facilities at Patliputra in Bihar," UltraTech Cement said in a filing to the Bombay Stock Exchange. "This will bolster our capabilities to meet the growing demand for slag cement from the markets of eastern India," it added. With the commissioning of this manufacturing capacity, the company's cemen... |
Orient Cement sees pick up in volumes10 May 2017, Published under Cement NewsIndia's Orient Cement saw an improvement in fourth-quarter volumes but reported a 10.55 per cent decline in net profit due to the full extent of finance costs and depreciation. The CK Birla Group firm said total income increased by 36.98 per cent to INR6.957bn (US$107.6m) during the quarter under review. "The company has reported volume growth of 25 per cent over the corresponding quarter last year on account of increasing volumes across all its areas of operation," it said in a statement.... |
ACC to consider merger with Ambuja Cement08 May 2017, Published under Cement NewsThe Board of Directors of ACC, at its meeting on Friday, decided to commence an evaluation of a potential merger with Ambuja Cement. Both Indian cement concerns are part of the LafargeHolcim group. The move is being considered "with a view to combine the strengths of both businesses so as to benefit all stakeholders," ACC said in a statement. A special committee of directors, of which the majority are independent directors, has been installed to commence the evaluation. "No decision ... |