Cement News tagged under: India

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Indian cement prices slip due to delayed monsoons

26 September 2012, Published under Cement News

Low cement demand in India has put a downward pressure on cement prices across the country, correcting them by around INR7-10 (US$0.13-/0.19)/bag since Monday. Construction activities have not picked up yet due to delayed monsoons but the industry is hopeful of Maa Durga’s blessings as it expects the festival will lead to an improved sentiment amongst consumers and hence, better sales. An official from Ambuja Cement said, “During monsoon prices get corrected but as demand starts picking u...

Fourth terminal for Cochin Port, India

25 September 2012, Published under Cement News

India’s Cochin Port Trust (CPT) plans to set up a fourth cement terminal in Willingdon Island. The new terminal, with a capacity of 100,000t, will be built in response to demand from major cement companies and will be located on 3.19ha of leased land at the north side of Mattanchery wharf. “The interest shown by companies to set up and operate terminals indicates a positive change in attitude towards investment in the port sector, especially in Kochi. It may be noted that there has not...

Reliance Cement awaits clearance for new plant, India

21 September 2012, Published under Cement News

Reliance Cement expects to start its first integrated unit located at Mahiyar in Madhya Pradesh, India by mid-2014. However, there may be a gap of six months at least for another one planned at Mukutban in Yavatmal district to get commissioned. The lag is due to a forest clearance being awaited for a part of the limestone mines in Mukutban from where raw material will be sourced. "The mines are divided into three parts. Stage 2 forest clearance is awaited for one-sixth portion of one of the...

West Bengal project inaugurated, India

19 September 2012, Published under Cement News

Kolkata-based Roofers Group inaugurated its 0.2Mta cement plant in West Bengal, India on Tuesday according to local press reports.  “We have initially invested INR30 crore to set up a 200tpa plant at Lodhasuli. Commercial production from the plant will commence a day after its inauguration,” Roofers Group president Anjan Bandyopadhyay told reporters. “We will scale up production to 600t within one and half years from now. It would require an additional investment of about INR100 crore,” Ba...

Reliance Cement launches into the Indian cement market

18 September 2012, Published under Cement News

Reliance Infrastructure Limited (RInfra), part of the Anil Ambani led Reliance Group, through its subsidiary Reliance Cement Company Private Limited (RCC), launched of its "Reliance Cement" brand on Monday. This marks the commercial entry of Reliance Group into the Indian cement market. "We are happy to announce the launch of Reliance Cement. It is a landmark event in the Indian cement industry. We will initially cater to the entire Vidharbha market focusing on districts like Nagpur, Wardha...

Indian producers signal possible price hike

17 September 2012, Published under Cement News

Indian cement producers have indicated that prices may have to be hiked to absorb increased freight charges as diesel prices are hiked. Speaking to the Hindu, JK Lakshmi Cement Whole-time Director Shailendra Chouksey said: “The increased freight is not only going to impact the distribution of finished goods but also on a total of 3Mt freight. I don’t think the industry is now in a position to absorb this.” Following the INR5.62 a litre hike in the price of diesel last evening, apex tr...

Competition tribunal serves notice to CCI

13 September 2012, Published under Cement News

The Competition Appellate Tribunal ( COMPAT) has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine issued on 11 cement producers for price fixing. Hearing an appeal by cement companies including UltraTech and ACC, the tribunal also asked the CCI not to take any coercive action in the matter until 11 October when the COMPAT would next hear the case. In their petitions, the cement firms have requeste...

IBAU HAMBURG delivers road-mobile ship unloader to Sanghi Industries, India

12 September 2012, Published under Cement News

IBAU HAMBURG has recently delivered a road-mobile ship unloader, ordered by Sanghi Industries Ltd. for their Mumbai Cement Terminal. The road-mobile ship unloaders for mini bulk tankers are usually mounted on trailers (for road transport) as the ship unloader has to serve several terminals or because it is not possible to have stationary units in the harbour. Road-mobile, trailer-mounted ship unloaders have a self-supporting structure, are weighing approximately 30t and do have a high degr...

Chettinad Cement to invest in power project, India

12 September 2012, Published under Cement News

Indian cement producer Chettinad Cement is planning to invest around INR1300 crore by way of equity in  associate company Chettinad Power Corp, which is to use the funds to set up a thermal power plant in Tamil Nadu. Business Standard reports that in a statement to shareholders, the company said it had received a proposal from Chettinad Power Corporation Private Ltd seeking investment in its equity share capital for a 1329MW supercritical thermal power project (2 x 660MW) at Tharangambadi V...

Indian producers appeal fine, India

11 September 2012, Published under Cement News

A total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling. Sources said the companies had approached the tribunal last week and the matter is due for hearing on 13 September. In June, the Competition Commission of India had imposed a penalty of INR6,307 crore (US$1.1bn) on 11 cement companies for price fixing. The major companies on which penalty was imposed included ACC Ltd, Ambuja Cement...