Cement News tagged under: india
Deadline day reached for Lafarge India bids04 July 2016, Published under Cement NewsToday (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h... |
India: Jaypee Group debts threaten cement unit sale04 July 2016, Published under Cement NewsCreditors of Indian conglomerate Jaypee Group have invoked debt restructuring provisions that allow them to convert loans into equity, turning them into the firm’s majority shareholders, reports the Economic Times. Jaypee Group is struggling under debts of INR582.5bn (US$8.7bn) and had agreed to sell its cement unit to UltraTech Cement to raise capital. Following the move by banks, UltraTech is understood to have written to the Gaur family – who founded and still run Jaypee – questioning ... |
India: ICRA forecasts cement demand to rise 6% in FY1730 June 2016, Published under Cement NewsIndian-based ratings agency ICRA has forecast that domestic cement demand will rise by six per cent in the 2016-17 financial year, the Economic Times reports. It’s assessment for FY18 is for even more rapid growth of seven per cent. Senior Vice President Sabyasachi Majumdar said: "Cement demand growth will pick up to six per cent in 2016-17 and further to seven per cent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment - primar... |
Sagar Cements acquires grinding unit from Toshali Cements30 June 2016, Published under Cement NewsSagar Cements announced the acquisition of a grinding unit owned by M/s Toshali Cements Pvt Ltd for INR600m (USD8.88m). The assets consist of one grinding unit located at Bayyavaram, Vizag district, Andhra Pradesh with a capacity of 181,500tpa. Post acquisition, the company proposes to invest INR60m (US$0.89m) to increase the capacity of unit to 300,000tpa. The acquisition will enable the company to save its logistic cost and to introduce slag cement to cater markets in Visakhapatnam, V... |
India: Prism Cement secures fuel supplies30 June 2016, Published under Cement NewsAfter a successful bid, Prism Cement Ltd is set to receive 120,000tpa of coal from South Eastern Coalfields (SEC), a subsidiary of Coal India Ltd (CIL). In a filing to the BSE on 29 June 2016, Prism Cement said, “The company has successfully bid for 120,000 tonnes per annum of coal from South Eastern Coalfields Limited (a subsidiary of Coal India Limited) in a recently held auction of coal linkages for the cement industry… The company has secured part fuel requirement for the next 5 years... |
India: Dalmia in Bengal30 June 2016, Published under Cement NewsDalmia Bharat is planning to further increase its presence in Bengal, India. The company has been present in the region for the last two years through its cement unit near Salboni. The unit was set up through OCL India Ltd, an associate company. Director and CEO of OCL India, Amandeep Gupta, said Dalmia may look for a second plant in the state. The group has already taken on a lease on a grinding unit in Siliguri to cater to north Bengal. Mr Gupta said on the matter, “the market in east a... |
UltraTech Cement29 June 2016, Published under Cement NewsUltraTech Cement, along with ACC and Ambuja Cements, have hailed India’s Smart Cities as playing a key role in the medium- to long-term outlook for cement demand in the country. But a meeting this weekend (2 July) raises questions as to just how viable the Smart City concept really is. The Smart City idea is based on overlaying the city’s infrastructure – water supply, sewage, waste collection, urban mobility and other service provisions – with ICT solutions. In June 2015 India’s prime mi... |
Two new orders for KHD27 June 2016, Published under Cement NewsKHD has been awarded a contract by Cementos Argos for a works in Colombia. Cementos Argos ordered three Pyrojet Burners for coal and gas firing, to be installed at its plant in Yumbo, Cali. The burner’s will be tailored to Argos’ wet kilns. Manufacturing and assembly of the burners will take place in Germany and the USA. KHD also received an order from Shree Cement, India, following a contract with the company in December 2015 for the commissioning of a pyroprocessing line at Raipur. A se... |
India: Shree Cement completes Aurangabad grinding unit upgrade23 June 2016, Published under Cement NewsShree Cement has announced the completion of the upgrade works to its Aurangabad grinding plant in Bihar, Business Standard reports. Capacity at the plan rose from 2Mta to 3.6Mta, effective from 22 June 2016. Shree’s shares rose by three per cent after it made the news public. Shree Cement is in the process of expanding clinker production at its Raipur works with that upgrade expected to be completed by March 2018. |
India: FLSmidth cement plant order23 June 2016, Published under Cement NewsFLSmidth has signed a contract with Larsen & Tourbro Ltd for the engineering and supply of equipment for a 3000tpd cement production line. The new plant will be located in Ariyalur, approximately 300km south of Chennai. The end client is Tamil Nadu Cement Corporation Ltd (TANCEM), an undertaking of the Government of Tamil Nadu, who have an EPC contract with Larsen & Toubro. The scope of supply includes a complete production line, incuding the latest environmental pollution control system... |