Cement News tagged under: India
India: UltraTech’s plan for Bokaro plant moves forward10 August 2016, Published under Cement NewsUltraTech Cement’s project to build a new 1.5Mta plant at Bokaro in Jharkhand has moved a step closer to realisation after the district authorities gave it their support, the Times of India reports. Rai Mahimapat Ray, managing director of the Bokaro Industrial Area Development Authority, said: "We discussed the additional land requirements for a railway siding, levelling of the allotted 50-acre plot, availability of slag and other raw materials locally and formalities for environmental cl... |
LafargeHolcim India head joins Executive Committee09 August 2016, Published under Cement NewsLafargeHolcim made the decision to induct Head of LafargeHolcim India, Martin Kreigner, into the Executive Committee of the group, giving him additional responsibilities in southeast Asia. Mr Kreigner will be based out of Mumbai. These recent changes to the executive committee reflect the group and its portfolio’s evolution following divestments and integration, LafargeHolcim said in in a statement. The restructuring of operations reveals the growing importance of Indian business. Lafa... |
India: Mangalam Cement returns to profit with 1QFY16-17 results08 August 2016, Published under Cement NewsMangalam Cement, part of India’s Birla Group, has published its business results for the first quarter of FY16-17. These see the company return to profit after reporting a loss of INR205m (US$3m) in FY15-16. In the three months to June 2016, Mangalam Cement made a profit of INR226m (US$3.4m) as compared to an INR205m (US$2.8m) loss in the same period last year. Total revenues were up by 5.5 per cent to INR2.25bn (US$33.7m), while expenses were down by 17 per cent to INR1.86bn (US$27.9m). |
India: ACC labourers end protest at Wadi plant08 August 2016, Published under Cement NewsLabourers at ACC’s Wadi plant have ended their dharma (non-violent sit-in protest) following assurances from the company that their concerns and grievances will be addressed. Chandrasekhar Hiremath, president of Shramajeevigala Vedike (civil rights association), alleged at a meeting attended by ACC HR General Manager, Mr Jayaprakash, that the company ‘harassed’ the labourers and paid them wages in the range of INR200-250 (US$2.99-3.74), which is significantly lower that a daily wage of IN... |
India: JK Cement quarterly results08 August 2016, Published under Cement NewsCompared to its performance in the corresponding quarter last year, JK Cement Ltd reported significant growth in both net profit and net sales. The company reported a standalone net profit of INR608.5m (US$9.1m)for the quarter ended 30 June 2016, in comparison to just INR10.5m (US$157,275) last year according to a BSE filing made by JK Cement. The company’s net sales increased to INR8.87bn (US$132.8m). JK Cement is the second-largest manufacturer of white cement in India, with a capaci... |
Pakistan cement exports down 27.6% in FY15-1629 July 2016, Published under Cement NewsPakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to contracting demand and competition among other issues. In terms of value, exports during July 2015-June 2016 saw a 27.6 per cent YoY decrease from US$443.63m to US$321.29m. The average price of cement also fell to US$53.75/t from US$57.64/tt during this period. In June 2016, 394,905t of ce... |
India: UltraTech purchases more coal linkages27 July 2016, Published under Cement NewsUltraTech Cement has won an auction for 95,000t of coal from Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the Indian coal industry. UltraTech will pay INR1050/t (US$15.60/t) for the coal. |
India: Emami plans national presence27 July 2016, Published under Cement NewsEmami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan and Karnataka, India. Company Director Aditya Vardhan Agarwal said operations have already begun at its clinker plant at Chhattisgarh. "The plant produces clinker of 4Mta. 5Mta of cement could be produced with this 4Mta of clinker," he said, adding that the clinker will be transported to new plants in Panagarh, West... |
India: Lakshmi Cement gets green light to expand Sirohi limestone mine26 July 2016, Published under Cement NewsLakshmi Cement has been given environmental clearance to expand its opencast limestone mine in the Sirohi district of Rajasthan. Under the proposals, the mine’s capacity will be expanded from 8 to 13Mta. The firm had originally applied for permission for the project in March 2013, but environmental clearance was not given until July 2016. Work on the 390.625ha site is expected to commence immediately. |
India: fresh calls for Kerala to control rising cement prices25 July 2016, Published under Cement NewsThe price of cement in Kerala – which has reached up to INR430/bag (US$6.40) – has again provoked calls for the state government to intervene, reports the Hindu. The newspaper quotes a cement dealer in Kochi who claims that cement prices in Kerala are INR200 higher than in other parts of India. While companies had not raised prices, they have stopped offering discounts to dealers, the Hindu’s source told the newspaper. “The cement companies have stopped providing the benefits that were... |