Cement News tagged under: India
Pakistan cement exports see monthly gains27 May 2015, Published under Cement NewsPakistan's cement exports during April 2015 showed sequential gains but declined over the first 10 months of the current fiscal on an annual comparative basis, with shipments to its main market of Afghanistan down by almost a quarter. In April 2015, Pakistan exported 614,732t of cement on revenues of US$33.36m, up by 40.02 and 33.51 per cent, respectively compared to the previous month. However, on an annual basis, export volumes were down by 14.9 per cent while the value in dollar ter... |
Burnpur commences trial production of Jharkhand grinding unit26 May 2015, Published under Cement NewsBurnpur Cement has commenced the trial production from its new grinding unit at Patratu in state of Jharkhand, India, on 23 May 2015. Fully-fledged production will start next month. The company has clarified that only its grinding unit is ready to start the production. Trial production from its clinker unit will take some more time as it is still under construction. |
Kerneos India breaks ground on AP calcium aluminate cement plant22 May 2015, Published under Cement NewsKerneos India held a groundbreaking ceremony for a 30,000tpa greenfield calcium aluminate cement plant in the southeastern state of Andhra Pradesh (AP). Segi P Idicula, managing director of Kerneos (India and Middle East), said the Vizag project has the infrastructure to set up another 30,000tpa line, which would be taken up as the market grows. While catering to domestic needs would be its primary objective, the Vizag plant would also export products to neighbouring countries. The new f... |
Jaiprakash reportedly in talks to sell Bhilai unit to UltraTech21 May 2015, Published under Cement NewsJaypee Group company Jaiprakash Associates is in talks with UltraTech Cement to sell its 2.2Mta cement plant in Bhilai, Chhattisgarh state, Business Standard report suggests. The Bhilai plant is a joint venture between Jaypee Group (74 per cent stake) and public sector Steel Authority of India (26 per cent). Sources say Ultratech will pay around INR2000 crore in a deal that would lift the company's overall capacity to 67Mta. When asked to comment by Business Standard, a Jaypee Group spokes... |
Jaiprakash gets shareholder go-ahead to sell to units to UltraTech19 May 2015, Published under Cement NewsJaiprakash Associates Ltd has received shareholder approval to sell two cement units in Madhya Pradesh to UltraTech Cement Ltd, the company said in a notice to the stock exchanges. In December, Jaiprakash Associates signed a deal with UltraTech Cement to sell its cement units in the central Indian state for INR54bn. The board of directors of UltraTech Cement and the Competition Commission of India have also approved the deal. |
Holcim07 May 2015, Published under Cement NewsThe Indian competition authorities have approved the Holcim Lafarge merger, subject to the disposal of one integrated works and one grinding centre in the east of the country, representing a capacity of around 5Mta. That would leave a capacity in India of around 68Mta. The Indian Holcim subsidiary ACC Limited delivered 10.2 per cent less cement in the first quarter of 2015 at 5.82Mt and the turnover came off by 2.8 per cent to EUR421.5m. EBITDA rose by 43.4 per cent to EUR89.3m, but the p... |
Shree net profit down on weaker sales, India30 April 2015, Published under Cement NewsShree Cements on Wednesday reported a 46.39 per cent dip in standalone net profit at to INR1.198bn (US$18.8m) for the third quarter that ended on 31 March 2015 due to a decline in sales. The company had registered a net profit of INR2.225bn for the corresponding period a year ago, it said in a filing to the Bombay Stock Exchange. Total turnover of the company dropped 5.31 per cent to INR15.764bn during the quarter under review versus INR16.649bn a year earlier. The cost of raw materials w... |
Shree completes acquisition of Jaiprakash grinding unit, India28 April 2015, Published under Cement NewsShree Cement has completed the acquisition of a cement grinding unit of Jaiprakash Associates in Haryana state, India. “The acquisition of a 1.5Mta cement grinding unit of Jaiprakash Associates Ltd, situated at Panipat, has been consummated on April 27, 2015 for an aggregate consideration of INR358.22 crore,” Shree Cement said in a filing to the Bombay Stock Exchange yesterday. Completion of the acquisition takes Shree Cement’s capacity to 19Mta, with facilities in Rajasthan, Uttarakhand, ... |
UltraTech full-year net profit down 6% YoY27 April 2015, Published under Cement NewsIndia’s largest cement manufacturer UltraTech Cement reported a six per cent drop in its net profit for the year ended 31 March 2015 to INR20.15bn versus INR21.44bn in the previous year. Net sales were 13 per cent at INR22,656 crore against INR20,078 crore in the previous year. The Aditya Birla group firm noted that although there was some relief from softening coal prices, the cost of limestone and other input materials continued to remain high, putting pressure on margins. “The company... |
Jaiprakash Associates to seek shareholders' approval for divestments to UltraTech24 April 2015, Published under Cement NewsJaiprakash Associates Ltd will next month seek approval from its shareholders and creditors for the proposed sale of its cement units to UltraTech Cement. "Pursuant to an order dated March 25, 2015...the High Court of Judicature at Allahabad has directed meetings of the equity shareholders and creditors of Jaiprakash Associates to be convened on May 16...for considering the scheme of arrangement between Jaiprakash Associates and Ultratech Cement Ltd," Jaiprakash Associates said in a... |