Cement News tagged under: India
Pakistan: August export volumes and revenue down YoY09 October 2015, Published under Cement NewsPakistan exported 558,049t of cement on revenues of US$32.08m in August 2015, down 42.88 and 44.36 per cent in terms of volume and revenue on a YoY basis, according to the country's Bureau of of Statistics. Compared to July 2014, volumes rose by 18.88 per cent and revenues increased by 16.54 per cent. Exports over the first two months of the current fiscal (beginning in July 2015) to Afghanistan declined by 18.24 per cent to 394,500t YoY. Export to India over the July-August 2015 period... |
Reliance Group to exit cement business?08 October 2015, Published under Cement NewsThe Reliance Group has decided to exit the cement business by putting privately-held Reliance Cements up for sale, the Economic Times of India reports. Reliance Group has recently mandated Morgan Stanley and SBI Caps to find potential buyers as the group has decided to focus on new growth areas like defence, according to the article published today. Reliance's foray into the cement industry was originally linked to the growth of its power business with fly ash generated from its Sasan pow... |
CREDAI files complaint with India regulator06 October 2015, Published under Cement NewsThe Confederation of Real Estate Developers’ Associations of India (CREDAI) has filed a complaint with the Competition Commission of India (CCI) against cement manufacturers for the alleged manipulation of cement prices. In its submission to the Commission, CREDAI has pointed out that the cost of raw materials used in manufacturing cement has fallen between January and September this year, yet customers are yet to feel the benefit. CREDAI believes that the cement firms are working in tande... |
UltraTech Cement29 September 2015, Published under Cement NewsUltraTech’s Awarpur plant in Maharasthra has been given Environment Ministry clearance to expand its capacity. The proposal will see cement capacity rise from 4.48Mta to 6Mta and clinker potential from 3.3Mta to 4.5Mta. Although the expansion will be carried out within the existing plant area, an additional 5.1MW of power is expected to be required. The company has been asked to comply with certain conditions as part of the expansion plan including installing air monitoring devices to kee... |
JSW Group plans Salboni plant, India29 September 2015, Published under Cement NewsJSW Group announced that it will be setting up a 2.4Mta grinding plant at Salboni in West Midnapore district, West Bengal, India. A 10Mt steel plant was originally planned for the site, but the company has not proceeded with the project thus far due to coal and iron linkages and problems with the land lease. However, chairman Sajjan Jindal explained to local press that JSW wants to have some activity at Salboni while the steel project is delayed. The foundation stone ceremony is being p... |
Orient Cement commissions Karnataka plant, India28 September 2015, Published under Cement NewsOrient Cement has commissioned and started commercial production of its new integrated greenfield cement plant Chittapur, Gulbarga district, Karnataka, with an installed capacity of 3Mta. The first consignment of cement from the new plant was dispatched on 26 September 2015. Completion of the project lifts Orient Cement’s total cement capacity to 8Mta. |
Government to cancel India Cements plant25 September 2015, Published under Cement NewsThe government of India has decided to cancel the allotment of a cement plant given to India Cements in Gumma, Shimla, Himachal Pradesh. The decision was taken after India Cements expressed its unwillingness to start works, according to local media. "It has been decided to cancel the allotment as the company is no longer keen to set up the plant and they have failed to show any progress in the years since the allotment was made," said Mukesh Agnihotri, industry minister. He added that the ... |
CCI clears HeidelbergCement-Italcementi deal25 September 2015, Published under Cement NewsCompetition Commission of India (CCI) has approved HeidelbergCement's proposed acquisition of Italcementi SpA. The fair trade regulator said in a tweet said it has approved "acquisition of Italcementi SPA by HeidelbergCement AG". |
UltraTech commissions Haryana grinding plant, India23 September 2015, Published under Cement NewsUltraTech Cement has commissioned a 1.6Mta grinding unit at Jhajjhar in the northern Indian state of Haryana, lifting the company's total cement capacity to 63.1Mta. Clinker for the new grinding unit will be sourced from the company's Aditya Cement Works in neighbouring Rajasthan, where a new clinker line was also commissioned in March. With the additional grinding capacity, the company will be able to tap the northern region more effectively. |
Ambuja cement is banned in Jammu and Kashmir22 September 2015, Published under Cement NewsThe sale of Ambuja cement has been banned in Jammu and Kashmir by the government after an investigation discovered the sale of underweight bags and irrational prices, said a state minister. The investigation found that the company was selling cement bags at two different MRP rates in Kashmir and Jammu regions, according Mr Choudhary Zulfkar Ali, Minister for CA&PD and Tribal Affairs. A cement bag was sold in Kashmir for INR346.65 per bag while in Jammu it retailed at INR437.69, he added. ... |