Cement News tagged under: India
First vessel arrives at Zuari terminal, India15 January 2016, Published under Cement NewsThe first vessel carrying a consignment of 7,612t of cement arrived at Zuari Cement’s new bagging terminal at Cochin Port, Kerala, on Tuesday. Cochin Port Trust Chairman Paul Antony, Deputy Chairman G Senthivel and Secretary Gowri S Nair were among those present when the ship anchored at the port, according to an article by The Hindu (India). Two other Indian cement producers, Ambuja Cements and UltraTech Cement, already operate two fully-fledged terminals at the port, while Penna Cement... |
Kenya: UltraTech in the race to buy stake in ARM?13 January 2016, Published under Cement NewsUltraTech Cement is said to be eyeing a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. According to the report, the Indian cement producer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to US$125m (KES12.7bn). ARM announced 23 December it is in talks with an unidentified institutional investor about a US$125m investment. |
India: government to relax mining lease transfer rules13 January 2016, Published under Cement NewsThe government of India plans to enact a law that will allow companies that received mining licences without having gone through the auction process to transfer these leases, local media have reported. The move that will make M&A deals easier in the steel, cement and metals sectors. For instance, this law would help close Birla Corp's purchase of two cement units in eastern India from LafargeHolcim which has reportedly hit a hurdle due to the existing mining regulations. The mines mini... |
Emami places order for third Gebr Pfeiffer cement mill12 January 2016, Published under Cement NewsEmami Cement Ltd has placed an order for a Gebr Pfeiffer grinding plant which will be installed in Odisha state, India. The contract includes an MVR 6000 C-6 with an installed drive power of 6700kW. This mill will be capable of producing 335tph of OPC. The grinding plant will be designed to also allow fly ash cement and GGBS to be ground to a fineness of 3800cm²/g and 4000cm²/g according to Blaine, respectively. Emami Cement sought advice from New-Delhi-based Cemtech India and Holtec on t... |
India: consolidation and market growth on the rise?08 January 2016, Published under Cement NewsCorporate consolidation in the Indian cement industry has been hitting the headlines recently, with local press reporting on potential deals in the pipeline. Meanwhile, with construction activity showing greenshoots, a revival in cement demand could be ahead. Consolidation has been on the rise in India and most recently local press have reported that Jaypee Group is said to be looking to offload the remainder of its cement business to retire a part of its ~INR612.85m (US$9.18m) debt held i... |
Lafarge may need to divest of more Indian assets due to mining regulations06 January 2016, Published under Cement NewsLafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11Mta of assets in India, Business Standard reports, citing an investment banker familiar with the development. This decision comes after Lafarge's plan to sell its 5.15Mta cement capacity in Chhattisgarh and Jharkhand to Birla Corp has hit a hurdle due to mining regulations. Investment bankers said the MP Birla Group company was facing challenges in securing limestone mining righ... |
Groundbreaking ceremony for JSW West Bengal plant06 January 2016, Published under Cement NewsThe JSW Group is set to start construction of a 2.4Mta cement plant in West Bengal, India, with a groundbreaking ceremony to be hosted today. The event will be presided over by Mamata Banerjee, chief minister of West Bengal. It will also be attended by Sajjan Jindal, chairman and MD of JSW Steel. The function is being held in the run-up to Bengal's 'Global Business Summit' on 8-9 January 2016, which is likely to be keenly watched by potential investors. The cement plant is expected to b... |
India: two new cement plant sites could go to auction05 January 2016, Published under Cement NewsTwo proposed cement plants at Gumma, Chaupal, in the Shimla district and at Nauradhar in the Sirmaur district of Himachal Pradesh, India, could be sold via public auction. The mining wing of the Industry Department is planning to seek cabinet acceptance before bids can be invited for the two sites, but any cement plant allotment can be open for auction, according to the amended Mineral Regulation Development Act (MRDA). The limestone deposits at Nauradhar have a high level of purity and a... |
India: average price declines in December04 January 2016, Published under Cement NewsThe average cement price in India declined by 7.3 per cent YoY in December mainly due to weak demand, according to a report by Reliance Securities published in the Economic Times (India). The national average price of cement dropped to INR285-290 (US$4.28-4.36) per bag last month, compared to INR308/bag in December 2014, according to the report. Regional variances Prices in the northern and western regions saw the biggest correction of between 10-12 per cent. In the eastern and centra... |
Jaypee gets green nod to expand limestone mining in Andhra Pradesh04 January 2016, Published under Cement NewsJaypee Cement has received the green approval for expansion of limestone mining capacity from 3.47Mta to 6Mta in Andhra Pradesh, entailing an investment of INR950m (US14.3m). The company has commissioned a cement plant with 5Mta capacity and captive limestone mine of 3.47Mta to meet partial requirement of limestone of the cement plant at Budhawada village, in Krishna district. |