Cement News tagged under: India
Dalmia launches premium brand21 September 2016, Published under Cement NewsDalmia Cement Bharat has launched its new premium brand, Dalmia DSP Cement. B K Singh, Dalmia senior executive director and group head, said the new cement brand will first be available in Tamil Nadu. The new cement is said to make concrete buildings more durable and will be packed in a way that will allow for longer storage, even during rainy seasons. Executive Director, K Swami Nathan, said that the launch gives Dalmia the opportunity to maximise customer preference, adding that it woul... |
India: Mangalam Cement production increase20 September 2016, Published under Cement NewsFollowing a trial run at the plant in August 2016, Mangalam Cement’s new 0.75Mta grinding unit in Aligarh, Uttar Pradesh, has commenced operations. The expansion project that introduced the plant's new grinding unit is said to have cost INR700m (US$10.4m) The company’s overall capacity now stands at 4Mta, up from 3.25Mta. |
India: Nirma raises US$598m to finance Lafarge acquisition16 September 2016, Published under Cement NewsNirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times reports. Nirma has created a special purpose vehicle, Nirchem, which administered the bond sale and will be used in the acquisition process. The sale, the largest of its type, was oversubscribed, with investors attracted by the 8.68 per cent yield, seen a decent price given Nirma’s AA credit rating. |
India: Ramco increases sales by 15% in 1Q16-1716 September 2016, Published under Cement NewsRamco Cements Ltd has stated that it sold 2.076Mt of cement in domestic and export markets during the first quarter ending on 30 June 2016 compared to 1.813Mt in corresponding quarter last year, which translates to a growth of 14.5 per cent. The company has earned a net profit of INR1563.6m (US$23.4m) in 1Q16, an increase from INR992.50m in 1Q15. Cement sales improved by about 15 per cent during the first quarter of 2016-17 compared to 1Q15. Ramco operates eight integrated cement plants... |
India: cement industry demand raises coal imports12 September 2016, Published under Cement NewsThe demand for coal with a high calorific value, primarily from the cement sector, combined with the doubling of clean environment cess has resulted in a shift in coal imports into India. Steam coal imports have been declining in the April-June 2016 quarter due to higher output of domestic mines, but the key shift relates to the origin of the imports. While Indonesia has accounted for the majority of coal imports, in the 1Q16-17 import growth of coal sourced from this Asian country has re... |
India: Shree Cement orders three kiln lines from KHD09 September 2016, Published under Cement NewsShree Cement has awarded KHD three more kiln lines to install, each with a capacity of 6000tpd, the first being a second line at Shree’s Raipur plant. This new line will be built in Karnataka using a three-string preheater, six-stage preheater and wil include a three-pier rotary kiln (5.4/5.m x 75m), plus a Pyrojet ® burner and Pyrostep ® clinker cooler. Shree Cement has already implemented 11 KHD high-efficiency kiln lines and several grinding stations, including 10 KHD roller presses.... |
India: Sagar Cements sales down 13.7% for 1HFY16-1708 September 2016, Published under Cement NewsSagar Cements has released its sales and production figures for the period to August 2016, reports Accord Fintech. These show that sales at the company fell by 13.73 per cent to 0.665Mt in the period April-August 2016 when compared to those of a year earlier. Production also declined, but less severely, being down by 1.52 per cent to 0.66Mt. In the month of August alone, sales were down 22.56 per cent to 0.108Mt, while production dropped to 0.102Mt, a fall of 11.21 per cent. Sagar C... |
India: Malabar Cement MD arrested over concessions to dealers06 September 2016, Published under Cement NewsMalabar Cement managing director K Padmakumar has been arrested in a corruption case. Raids were carried out by the authorities on 1 September 2016 at Malabar cement office at Valayar and at Padmakumar’s official residence. They also had examined the residence of Malabar Cement's Deputy Manager, Venugopal at Valayar, reports Kaumudi Online. The arrest was based on the complaints that Padmakumar allowed illegal concessions to cement dealers in Kozhikode, Malappuram and Thrissur and by thi... |
India: Assam cement companies bring down prices05 September 2016, Published under Cement NewsFollowing an initial reluctance, cement companies in Assam, India, have started to lower cement prices, according to reports in The Telegraph. Cement producers including TopCem Cement, Star Cement and Dalmia Cement announced a price reduction of INR25-35/bag in the Indian state. There had been protests by organisations like the Krishak Mukti Sangram Samiti (KMSS) after the companies recently decided to hike price by around INR20-40/bag. The rise in cement prices was seen as detriment... |
Competition Commission of India imposes US$944m fine for cartelisation01 September 2016, Published under Cement NewsThe Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the penalties, accounting for 76 per cent of the total fine. The other firms fined today are Lafarge, Cent... |