Cement News tagged under: India
India: Birla eyes September completion of Reliance acquisition11 July 2016, Published under Cement NewsBirla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 2016 and will raise Birla’s cement capacity from 10Mta to 15.5Mta, as well as securing access to mineral concessions. A group of Birla shareholders took the company to court in an effort to block the deal, but this was rejected by the Kolkata High Court in May. Birla Corporation chairman Harsh V Lodha said: “The ac... |
India: Sagar production rates fall11 July 2016, Published under Cement NewsSagar Cements’ reported production and sales figures for June 2016 are down when compared to the figures from June 2015. Cement production stood at 130,035t in June 2016, a one per cent drop from the 130,905t reported in June 2015. Sales figures for the month stood at 123,409t, down 20 per cent from 154,032t reported in the same month the previous year. For the period April-June 2016, production was down two per cent at 425,275t compared to 435,860t for the same period last year. Cement s... |
India: modernised MCCL almost ready for commercial production11 July 2016, Published under Cement NewsThe modernised plant at Mawmluh Cherra Cements Ltd (MCCL) is expected to begin its commercial operation in two weeks’ time, acording to the Sholling Times. MCCL managing director, Sanjay Goyal, said the works requires certain clearances from the Central Excise department and a pollution clearance before it can start commercial operation. He said the INR1000m (US$14.8m) modernised facility is currently producing around 300-350tpd of cement, although it has the capacity to produce 600tpd. ... |
Sri Lanka: Holcim exit causes tension with China and India08 July 2016, Published under Cement NewsThe possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja... |
India: UltraTech wins two coal mines in auction08 July 2016, Published under Cement NewsUltraTech Cement, one of the largest cement manufacturers in India, has secured two coal linkages for its cement plants in Maharashtra. The company had participated in the auction of coal linkages for cement sector and won Penganga OC mines and Mana Incline mine in the State. The company has won the Penganga OC mine for a basic floor price of INR1510/t (US$22.4/t) and a premium of INR20/t (US$0.29/t). The bid price for the Mana Incline mine was at a basic floor price of INR2060/t. Fu... |
India: Delhi real estate developers to boycott Shree Cement08 July 2016, Published under Cement NewsThe Confederation of Real Estate Developers' Associations of India’s (CREDAI’s) regional representatives in Delhi have announced that they will boycott Shree Cement, according to reports in the Times of India. CREDAI accuses the cement producer of pushing up prices and creating artificial scarcity. It intends to file a complaint with the Competition Commission of India (CCI). A CREDAI spokesperson said: "Shree Cement is arbitrarily increasing prices and stopping supply in between, dema... |
India: Ramco given go ahead for power plant upgrade07 July 2016, Published under Cement NewsRamco Cements has received a boost to its share price after it was given environmental clearance to expand the power plant at one of its facilities. The company’s shares rose by 0.7 per cent after it announced that it had been allowed to proceed with its plans to expand the captive power plant at Alathiyur in Tamil Nadu . This project will raise generation capacity to 42MW at a cost of INR214m (US$3.2m). Fuel for the coal-fired plant will be sourced from Indonesia. |
India: two new projects announced06 July 2016, Published under Cement NewsBirla Group’s Mangalam Cement and Absolute Cement & Polymers have unveiled plans to increase capacity at existing plants in India. Mangalam’s project – the larger of the two – will see its Kota integrated plant upgraded from 6.1Mta to 9Mta. This includes expanding clinker capacity from 4.06Mta to 5.3Mta and increasing the size of its captive power plant to 52.5MW. The project is expected to cost INR6.4bn (US$95m). Part of the additional clinker production will be transported to a proposed... |
India: UltraTech concludes Jaypee deal05 July 2016, Published under Cement NewsUltraTech Cement has struck a deal to obtain the cement assets of Jaypee Group with a last-minute increase in acquisition price on Monday. UltraTech will purchase Jaypee Group’s cement operations, that have a total capacity of 17.2Mta spread across Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh, for INR161.9bn (US$2.4bn). In addition to existing cement operations, UltraTech will also acquire the 4Mta grinding unit that is currently being constructed in Utt... |
India: Ramco expands Tamil Nadu power plant05 July 2016, Published under Cement NewsThe Environment Ministry of India has given Ramco Cements environmental clearance to expand its captive power plant (CPP) at Alathiyur in Tamil Nadu, at a cost of approximately INR214.2m (US$3.18m). Rambo proposed increasing the capacity of the CPP by adding 6MW turbines, taking total power generation from 42MW. Clearance for this project was granted subject to certain conditions, which include having to use coal with sulphur and ash content not exceeding 0.8 and 14 per cent, respectively... |