Cement News tagged under: India
India: CMA calls for lower tax on cement24 December 2014, Published under Cement NewsIndia’s Cement Manufacturers Association has urged the government to lower the overall tax on cement by 20-25 per cent. In a pre-Budget representation, the industry body said despite being a core industry, overall taxes hover around 60 per cent, comparable with luxury goods while other key industries such as coal and steel are subject to considerably lower tax rates. Excise duty is levied at 12 per cent apart from an additional INR120/t, while duty on other core items is around five per c... |
India Cements: INR370kg/bag isn't viable23 December 2014, Published under Cement NewsProducing cement in southern India at the current price of around INR370 (US$5.83)/50kg is not viable, according to N Srinivasan, India Cements' vice-chairman and MD. Against a background of falling demand, interest, freight and other manufacturing costs were steadily increasing, pushing cement producers into losses. “Cement is treated as a commodity, but it is actually a manufactured product but doesn’t get the benefits of a manufactured product,” he said. “Over the last eight years, ... |
UltraTech reportedly in talks to buy further Jaiprakash units19 December 2014, Published under Cement NewsUltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The company is discussing the purchase of cement plants in the Indian states of Uttar Pradesh, Madhya Pradesh and Andhra Pradesh, the sources told Mint News. Last year, UltraTech purchased Jaiprakash’s cement plant in Gujarat which has a capacity of 4.8Mt. |
Dalmia launches in Jharkhand market, India19 December 2014, Published under Cement NewsDalmia Cement Bharat Limited (DCBL) has entered the Jharkhand market in eastern India which it will serve through the 2.1Mta Bokaro cement plant. Amandeep, business head and director of BoJCL said, "Bokaro cement plant is being benchmarked to global thresholds of manufacturing excellence in producing Portland Slag Cement (PSC) under Dalmia Cement brand name. Eastern India is a highly promising market with sufficient cement demand. With our state-of-the-art plant at Bokaro, we will ens... |
Siemens surpasses motor milestone with UltraTech order17 December 2014, Published under Cement NewsSiemens Limited announced that it has surpassed a key milestone in manufacturing and delivering International Efficiency (IE) class industrial motors by handing the 100,000th motor to UltraTech Cement Ltd. in India. This translates to energy savings of 300GWh, which is equivalent to the power required by 80,000 average Indian households for an entire year, since the launch of the motors in January 2012, Siemens said in a statement. Siemens Ltd was the first company in India to launch local... |
Sludge dispatched to Ariyalur plants for use as raw material17 December 2014, Published under Cement NewsThe Pollution Control Board of the Indian state of Tamil Nadu has dispatched 20,000t of sludge generated by textile units in the SIPCOT Industrial Estate in Perundurai to cement units in Ariyalur district for use as raw material. The cement industries are understood to have started accepting industry effluent treatment plant (ETP) sludge from the dyeing industry after success of a trial run that indicated no variation in the strength and quality of cement. Since the lime content in slud... |
UltraTech re-evaluating Brazil asset bid11 December 2014, Published under Cement NewsIndian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger. According to local press reports, the Aditya Birla company had submitted non-binding bids for the cement assets in October, after which binding bids are due in January. The company is now said to be “rethinking about the bids” and UltraTech Cement may “pull back at the binding stage,” sources familiar with the m... |
Thermax wins new captive power plant order in Africa08 December 2014, Published under Cement NewsThermax Ltd has won a repeat order from a leading African industrial major to build and commission a captive power plant for one of the conglomerate’s cement plants. The scope of the project includes system design, manufacture, supply and supervision of erection and commissioning of the plant. “We are excited about the business opportunities emerging in Africa. Our two-year project management experience in the continent should really help in seamlessly executing these projects,” said Ther... |
Shiva April-Nov dispatches up 31% YoY02 December 2014, Published under Cement NewsShiva Cement's dispatches of cement and clinker from April-November 2014 were up by 31 per cent compared to the comparative period of the year before. Dispatches over the April-October 2014 period were up by 18.4 per cent compared to April- October 2013. Shiva Cement’s plants are located in located at Kalunga and Sundargarh in Orissa. |
Dalmia Cement acquires full control of Bokaro Jaypee Cement01 December 2014, Published under Cement NewsDalmia Cement (Bharat) Ltd has acquired full control of Bokaro Jaypee Cement Ltd (BoJCL), following the purchase of the 26 per cent stake in the company it did not already own. BOJCL was initially set up in 2008 up as a 74:26 per cent joint venture between Jaiprakash Associates Ltd (JAL) and the Steel Authority of India’s (SAIL). In June this year, JAL sold its entire majority shareholding in BoJCL to Dalmia Cement. Shri Rangam Securities & Holdings Ltd, a subsidiary of Dalmia, has now pu... |