Cement News tagged under: India
Birla Corp Ltd awaiting mining clearance ahead of joint venture project03 July 2015, Published under Cement NewsBirla Corporation Ltd (BCL) said on Thursday said it is awaiting mining clearances from the Assam Mineral Development Corp (AMDC) to set up a joint venture in the state. The cement maker has plans to set up a 1Mta plant in Umrangso in Dima Hasao district in Assam. "The joint venture between BCL and AMDC is yet to be formed. We are waiting for limestone mining block allocation to AMDC before forming it," the company's managing director, BR Nahar, told local media on the sidelines of the com... |
KKR backs SIMEC to invest in ABG Cement, India01 July 2015, Published under Cement NewsPrivate equity firm KKR is teaming up with diversified trading and commodities group SIMEC to invest INR9bn (US$141.5m) to take over the cement business of debt-laden ABG Group. The funding will help complete the delayed 5.8Mta cement project in Gujarat, multiple sources have told the Economic Times of India. The deal will be undertaken through a multi-tiered financial transaction. The first part of the transaction, to be concluded in the coming weeks, will see KKR fund SIMEC to pick up a ... |
India’s core sector growth rises to 4.4 per cent in May01 July 2015, Published under Cement NewsGrowth in India’s eight core sectors, including the cement industry, increased to 4.4 per cent in May 2015 versus a decline of 0.4 per cent in April. There growth level achieved in May is a six-month high. Cement output grew 2.6 per cent against a fall of 2.4 per cent in April, according to the data released by the Commerce and Industry Ministry. Growth was also seen in six other sectors: coal production (+7.8 per cent), crude oil (0.8 per cent), petrol refinery products production (7.9 pe... |
JSW Cement plans two new grinding plants, India30 June 2015, Published under Cement NewsJSW Cement plans to start two greenfield grinding units each in West Bengal and Tamil Nadu, India, with potential locations currently being identified. Anil Kumar Pillai, JSW Cement Director and CEO, told the Deccan Herald that each project will involve an investment of between INR350-400 crore. Funds will be raised via internal accrual and loans from banks. For the Tamil Nadu plant, the company has identified possible sites at Tuticorin and the Puducherry. Meanwhile, it continues scout... |
Ujjwal Batria appointed as Lafarge India CEO26 June 2015, Published under Cement NewsLafarge has appointed Ujjwal Batria as the India CEO effective 22 June 2015. Mr Batria takes over the responsibility from Martin Kriegner who has been appointed future Area Manager Central Europe of LafargeHolcim. Mr Ujjwal Batria has been with Lafarge for the past 16 years. Prior to his appointment as the Country CEO, Lafarge India, Mr Batria was the MD of Lafarge India Private Ltd. |
HeidelbergCement India clarifies reports on Jaiprakash talks23 June 2015, Published under Cement NewsHeidelbergCement has sought to clarify a report by the Financial Express (India) which stated that the cement producer is in advanced talks to purchase Jaiprakash's Sikandarabad unit in Uttar Pradesh. "In this connection, kindly note that there are no such proposals at the moment and the company maintains high standards of corporate governance by keeping a principle of not reacting to rumours or speculations," HeidelbergCement said in a statement to the Bombay Stock Exchange. "We remain c... |
Government of India transfers environment clearance of 19 coal blocks23 June 2015, Published under Cement NewsThe government of India has so far transferred the environment clearance (EC) of 19 coal blocks out of a total of 29 approved mines from the previous allottees to new successful bidders including some cement producers. In a bid to expedite operations from the recently allocated coal mines, the Environment Ministry had amended EC norms after a request made by the Coal Ministry to facilitate the transfer of ECs to successful coal bidders. "We have so far transferred the ECs of 19 coal blocks... |
India: AP producers set to receive state spending boost19 June 2015, Published under Cement NewsCement companies based in the southeastern state of Andhra Pradesh (AP) are to receive a boost from the state government's plans to procure more than 2Mt of cement this year for infrastructure and social development projects. According to official estimates, the AP state government will need over 2.2Mt of cement in 2015-16 to be acquired from local manufactureres. Irrigation projects will consume the lion's share of volumes followed by housing, local administration, and roads. AV Dharmak... |
Wonder Cement plans capacity expansion, India18 June 2015, Published under Cement NewsWonder Cement Ltd plans to increase capacity to 10Mta in the next five years from the present 3.25Mta. "We have 3.25Mta cement manufacturing capacity at our Bhatkotri village unit in Rajasthan and have invested INR1600 crore to double the current capacity to about 7Mta by setting up a second production line. It is likely to complete by this year end," Wonder Cement executive director Jagdish Chandra Toshniwal told the Press Trust of India. The company has ambitious plans to further expand ... |
ACC resumes limestone mining operations at Bargarh, India18 June 2015, Published under Cement NewsACC Ltd informed the Bombay Stock Exchange that it has resumed limestone mining operations at Bargarh in Odisha state after about nine months. "The Company has resumed limestone mining operations at Bargarh with effect from June 17, 2015," ACC said in a statement to the Bombay Stock Exchange. ACC stopped mining at Bargarh in October following a government notice to suspend operations. "The impact of the closure was not material since cement grinding continued with transfer of clinker f... |