Cement News tagged under: India
India: new MHI plant operational by January21 December 2016, Published under Cement NewsMy Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017. Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven percent market share and in Karnataka, it is about five to six percent. This plant would help strengthen... |
India: fuel cost rise puts squeeze on margins21 December 2016, Published under Cement NewsThe rising cost of coal and petcoke have put pressure on cement producers even as the impact of demonetisation is depressing demand and bringing down prices, the Business Standard reports. Cement prices in southern India have fallen by INR30 to about INR300 (US$4.42) a bag, while prices in the west are lower still, having slipped to INR245. Analysts believe that demand will fall by 15-20 per cent in December. Meanwhile, petcoke imports have increased in price from US$72.13/t in July to... |
India: falling demand and rising petcoke prices threaten profits08 December 2016, Published under Cement NewsThe Economic Times reports that petcoke prices – which have risen by over 36 per cent since the start of the year – are likely to put a squeeze on cement company profits. This comes on top of the disastrous impact that the withdrawal of higher denomination rupee notes has had on the economy. The Reserve Bank of India’s failure to provide enough new-style notes has had a profound and negative effect in a country where 98 per cent of all transactions are carried out via cash. An analyst ... |
India: proposed Karnataka plants denied environmental clearance08 December 2016, Published under Cement NewsThe federal Ministry of Environment and Forests (MoEF) has put a hold on proposals to build two cement plants and associated limestone mines in Kalaburgi, Karnataka, according to the Times of India. The two projects affected were put forward by India Cements and JSW Cements. The India Cements project was blocked by the MoEF due to concerns it would decrease agricultural productivity, while the JSW proposal was declared ‘premature’ as its plan for limestone extraction was based on potentia... |
India: panel discusses Khrew cement plant modernisation07 December 2016, Published under Cement NewsThe Committee on Public Undertakings of the Legislative Assembly met to discuss a modernisation project for the upgrade of Jammu and Kashmir Cements Ltd's Khrew cement plant. The committee held discussions regarding the finances and working results, non-finalisation of annual accounts, manufacturing process and operational performance, production performance of the Khrew cement factory, mining of limestone and the performance of new cement plants and old cement plants working in the... |
Shree Cement awaits environmental clearance for West Bengal grinding unit06 December 2016, Published under Cement NewsShree Cement is awaiting environmental clearance for its cement grinding unit in West Bengal, India. The company plans to build a 5Mta grinding plant at Prabatpur and Digha villages, Raghunathpur, Puralia district. The estimated INR6bn (US$88m) project also includes a 20MW coal- and petcoke-based captive power unit. A public hearing is scheduled for 9 December 2016. Shree Cement is yet to finalise the contractor and equipment supplier for the project. |
India: Dalmia Bharat Group to expand Odisha plant05 December 2016, Published under Cement NewsDalmia Bharat Group has announced an investment of INR20bn (US$2.9m) to expand the capacity of its cement plant in Odisha. Group company Dalmia Cement Bharat Ltd has 74.6 stakes in OCL India, a leading cement maker with the largest market share in Odisha. Mahendra Singhi, Group CEO, Dalmia Bharat Group, said: "Odisha is a currently on a high economic growth trajectory and its GDP is expected to grow at around 12 per cent by 2020. The state government's commitment to industrial development ... |
India: Lafarge Surma mine to expand production01 December 2016, Published under Cement NewsBangladeshi cement manufacturer Lafarge Surma Cement (LafargeHolcim Group) has received environmental clearance from the Indian government for its mining company to more than double its limestone production capacity to 5.5Mta. Lafarge Umiam Mining, a fully-owned subsidiary of Lafarge Surma based in Meghalaya on the Bangladesh border, currently has clearance to produce and transport 2.2Mta of limestone to Surma’s manufacturing plant in Bangladesh. The Ngntrai mine was set up as per an a... |
India Cements receives stay on CCI fine29 November 2016, Published under Cement NewsIndia Cements received a stay order following its appeal of the decision made by the Competition Commission of India (CCI) to impose a INR1.87m fine on it for unfair pricing practices. On 31 August, CCI imposed penalties of around INR67bn on 10 cement companies and the Cement Manufacturers’ Association for cartelisation. COMPAT imposed a condition that India Cements would have to deposit 10 per cent of the penalty in the registry of the tribunal in the form of six-month fixed deposit with... |
India: marking time28 November 2016, Published under Cement NewsWhile the monsoon has been kind to India this summer and is likely to help a recovery in cement demand next year, India’s cement producers are still marking time as they wait for more sustained, double-digit growth reminiscent of better times in the past. Eyes, and hopes, are set on FY17-18. As the Indian private sector has not yet accelerated its spending all eyes are on the government to support the cement industry with an increased public spending programme Despite being o... |