Cement News tagged under: India

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India: “Cement factories must adhere to safety norms to check pollution”

20 August 2012, Published under Cement News

Cement factories should play a vital role in checking pollution by strictly adhering to specified norms, said D Vasudevan, former chief inspector of factories and advisor to National Safety Council-Tamil Nadu chapter. At the inauguration of a two-day training programme on ‘health and safety management in cement industries’, organised by Tiruchi sub-committee of National Safety Council on Friday, Mr Vasudevan expressed satisfaction over the strict implementation of safety norms on the cement...

Cement Corporation plans to set up Assam grinding unit, India

17 August 2012, Published under Cement News

Cement Corporation of India is planning to set up an 82,500tpa cement grinding unit in Assam. "Cement Corporation of India (CCI) proposes to establish a cement grinding unit in Baikunthapur in district of Cachar, Assam," Minister of Heavy Industries and Public Enterprises Praful Patel said. The unit is proposed to grind fly ash along with clinker to be transported from CCI's Bokajan Cement unit in Assam for producing Portland Pozzolana cement, Patel added.

Indian prices seen declining

17 August 2012, Published under Cement News

Cement prices in July have declined in most Indian states. A drop has been recorded in Andhra Pradesh where a 50kg bag of cement was down by about INR20-25, meanwhile in Hyderabad, prices have gone from INR320-330 in the Rayalseema districts to INR27-275 in the last week. Even in the states of Karnataka, Maharashtra and Tamil Nadu, prices have seen a comparative fall of INR15-20. According to local press, there has been a sudden excess capacity created in the market with the launch of new...

ACC sees Indian demand rising 10 per cent YoY, India

16 August 2012, Published under Cement News

Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu...

UltraTech Cement plans to raise INR2.5bn rupees via bonds

16 August 2012, Published under Cement News

India's UltraTech Cement is planning to raise INR2.5bn (US$44.84m) through five-year bonds at 9.15 per cent, a source with direct knowledge of the deal said on Thursday. HSBC Bank is the sole arranger to the deal, said the source. (Reuters)

Life Insurance Corp trims stake in ACC, India

15 August 2012, Published under Cement News

State-run Life Insurance Corporation (LIC) has sold 2.68 per cent stake in cement maker ACC  for INR187.75 crore through open market operations. LIC had 10.51% stake (or 18.77 crore shares in ACC) prior to the transactions that took place between November 2011 and August 2012, both at the Bombay Stock Exchange as well as the National Stock Exchange, the cement firm said in a regulatory filing today. Following the transactions, LIC's shareholding in ACC, in which Swiss major Holcim holds a ...

Malabar Cements seeks thermal coal supply, India

14 August 2012, Published under Cement News

Malabar Cements Ltd. is seeking to buy 12,000t of thermal coal, according to a document on its website.The state-owned cement maker based in Kerala is seeking coal with 5,500kcal/kg on an air-dried basis, 12 per cent maximum total moisture, 23 per cent maximum ash and one per cent maximum sulphur to be delivered at the port of Cochin, according to the tender document. Bids will be opened on September 5, Bloomberg reports

Cochin port attracts import investments, India

13 August 2012, Published under Cement News

Cochin port is emerging as a major cement import hub with Malabar Cements expressing interest in setting up a 1Mta facility and Zuari Cements finalising a 30-year deal with the Cochin Port Trust (CPT) this week. Cochin Port is a major port on the Arabian Sea – Indian Ocean sea-route and is one of the largest ports in India. The port lies on two islands in the Lake of Kochi: Willingdon Island and Vallarpadam, towards the Fort Kochi river mouth opening onto the Arabian Sea. The Hindu newsp...

JK Cement reports YoY gains, India

10 August 2012, Published under Cement News

JK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal. In the June 2012 quarter, the company reported 38 per cent YoY growth in net profits, the Economic Times of India reports. Revenues grew by 21 per cent YoY to INR736 crore mainly due to 15 per cent growth in dispatches and a five per cent increase in realisation per ton. However, on a sequential basis, dispatches were 11 per cent lower compared to...

Indian cement prices ease

09 August 2012, Published under Cement News

Indian cement prices have started to ease over the past two weeks, declining by an average of two per cent, according to reports in the Business Standard of India. Markets had been witnessing a continual increases despite the Competition Commission of India’s cartel ruling back in June However, the average nationwide price of cement has fallen from INR310/50kg bag to INR304/bag. Heavy rains and floods in the northeast and states like Bihar and Uttar Pradesh have resulted in prices comi...