Cement News tagged under: India
India: JSW Group eyes capacity expansion19 January 2015, Published under Cement NewsThe JSW Group plans to expand its cement production capacity to 30Mta over the next decade from the current 5Mta as it seeks to become a bigger player on the Indian cement market scene. Speaking to BusinessLine reporters, Seshagiri Rao, Joint Managing Director of JSW Steel said the group plan is to become a significant player in the sector with 30Mta capacity by 2025. The company, one of India's largest business conglomerates, is looking to setting up grinding units closer to its steel pl... |
India: UltraTech outlines upcoming greenfield expansion16 January 2015, Published under Cement NewsFollowing its planned takeover of two cement plants owned by the Jaypee group, UltraTech has outlined its next phase of greenfield expansion. India’s largest cement producer is planning to set up two greenfield grinding units in Bihar and West Bengal, according to managing director OP Puranmalka. In addition, the company plans to build a bulk terminal in Maharashtra to enhance transport and logistics, and increase capacity at its existing plant in Rajasthan. While the capacity expansion w... |
Stronger markets in 2015?09 January 2015, Published under Cement NewsWhat does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recovery in world consumption in spite of a significant slowdown in China, according to new analysis published in International Cement Review. Morgan Stanley expects global cement demand, inclusive of China, to rise to 2.8 per cent in 2015, marginally up from the 2.5 per cent growth recorded in 2014, which was the ... |
Dalmia Bharat Group recognised for CSR achievements06 January 2015, Published under Cement NewsDalmia Bharat Group has been awarded the CII-ITC Sustainability Award 2014 for 'Significant Achievement in Corporate Social Responsibility (CSR)’, beating 20 other companies to the title. This is the third consecutive year that the Indian cement producer has been recognised for its sustainability efforts. Commenting on the award, Gautam Dalmia, managing director, of the Dalmia Bharat Group, said: "It is a huge honour for us to receive the coveted CII-ITC Sustainability Award for the thir... |
JSW sets its sights on southern expansion05 January 2015, Published under Cement NewsJSW Cement has set its sights on expanding production capacity with several grinding projects under study in the south of India. The company is plans to set up plants in Chennai (Tamil Nadu), Kochi (Kerala) and Dolvi (Maharashtra) in a step by step approach starting this year. Anil Kumar Pillai, CEO of JSW Cement told The Hindu that the company is currently ‘scouting for land’, adding that orders for plant and machinery are expected to be placed by March. The cement grinding unit in D... |
Tamil Nadu launches subsidised cement to market05 January 2015, Published under Cement NewsThe government of Tamil Nadu government has rolled out the 'Amma Cement' brand, which will be sold at subsidised rate on the local market. According to the scheme, launched by AIADMK supreme Jayalalithaa as Chief Minister in September, the government will procure the cement from private manufacturers and sell it at INR190 per bag (US$3), reportedly INR100 cheaper than current prices in the southern Indian state. Jayalalithaa is addressed as 'Amma' (Mother) by her party supporters. The r... |
India: NHAI supported highways to use cement02 January 2015, Published under Cement NewsUnion Transport Minister Nitin Gadkari said all new highway projects supported by National Highway Authority of India (NHAI) will use cement concrete. Gadkari said that the current rate of cement per bag is about INR350 (US$5.53), but his Ministry has located a supplier who will sell cement at INR120/bag (US$1.89/bag), excluding taxes and transport. The Maharashtra Government and local municipal bodies have also been advised to use the cheaper cement, he said. Gadkari said that the planned... |
Further disposals on the cards for Jaiprakash?30 December 2014, Published under Cement NewsJaiprakash Associates Ltd may divest of two further cement units, channel checks by Mumbai broker Prabhudas Lilladher indicate. The two units reported to go on the block are Jaiprakash's 5Mta plant in the northern Indian state of Himachal Pradesh and the 2.2Mta works in Bhilai in the eastern state of Chhattisgarh. "We believe that exit of JPA (Jaiprakash) would be positive for the sector with the revival of rational pricing and sensible capacity addition," the research house said. Last... |
JK Lakshmi commissions Chattisgarh works, India29 December 2014, Published under Cement NewsJK Lakshmi Cement has commissioned its cement plant in Chhattisgarh and is now looking to serve eastern Indian states from the 3.5Mta works. The integrated plant, situated in Durg, was commissioned on 15 December.Aside from sales to the Chhatisgarh market, the company's 'Proplus' cement will be targetted at the Odisha, Bihar, Jharkhand and West Bengal regions. Cement will be sold at INR285-290/bag, a company source told Cogencis news. Going forward, JK Lakshmi Cement is looking to constru... |
India Cements board approves funding proposal29 December 2014, Published under Cement NewsThe Board of India Cements has approved a proposal to raise INR500 crore through qualified institutional placements or foreign currency convertible bonds to meet capital expenditure, a senior company official has said. "The Board has approved the proposal for raising an amount not exceeding INR500 crore by way of issue of QIP/FCCB/GDR or other Securities to improve the leverage and for meeting normal capital expenditure," N Srinivasan, vice chairman and managing director of India Cements ... |