Cement News tagged under: India
Reliance product launches in Bihar, India09 September 2014, Published under Cement NewsReliance Cement Pvt Ltd on Monday launched its cement in to the northern Indian market of Bihar. Commenting on the development, Reliance Cement chief marketing officer, Atul Desai, said: “Bihar is among the largest cement consuming states in India with a total consumption of around 14Mta.” Reliance Cement is well positioned to serve potential growth in Bihar, the company’s media statement said. The regional market is expected to increase at a rate of around nine per cent over the next ni... |
UltraTech welcomes Gujarat dealers to its fold, India04 September 2014, Published under Cement NewsIndia’s largest cement producer, UltraTech Cement, has added to its dealer network following the acquisition of Jaypee's cement assets in the western state of Gujarat. Dealers in Gujarat, who were earlier part of Jaypee Cement’s network, now come under the UltraTech Cement fold, further strengthening the company’s customer reach, reducing lead times and enabling more efficient distribution. UltraTech is currently supplying various infrastructure builds in Gujarat including projects in t... |
UltraTech Cement03 September 2014, Published under Cement NewsIn the first quarter of this financial year, UltraTech Cement has recorded a 14 per cent rise in net sales to INR5649 crore. During the period the company sold 11.7Mt of grey cement and clinker as the capacity utilisation rate improved to 84 per cent, compared to 76 per cent in the same period last year. Looking ahead the company is forecasting a 25 per cent increase in turnover in this financial year to INR25,000 crore as the country enjoys growing cement demand on the back of a boost in ho... |
India: Ramco to set up new Andhra Pradesh plant02 September 2014, Published under Cement NewsChennai-based Ramco Group is planning to establish a cement plant in Kurnool district, Andhra Pradesh (AP). A Ramco delegation headed by company Vice Chairman, PR Venkata Ramaraja, met with AP Chief Minister N, Chanadrababu Naidu, and indicated an interest to set up the cement plant with an investment outlay of INR5bn. The Ramco team requested the State Chief Minister provide necessary land to develop the plant and to facilitate the necessary clearances to develop the rail line as this... |
Pakistan's export earnings down by one-third29 August 2014, Published under Cement NewsDuring the first month of the new Pakistan fiscal, cement exports declined by 30.31 per cent YoY to 557,159t, with shipments to Afghanistan falling significantly. In revenue terms, exports were down by 33.68 per cent to US$32.59m during the same month, according to the latest data from Pakistan’s Bureau of Statistics. Exports earnings also declined in Pakistan rupee terms by 33.55 per cent to PKR3.216bn during July 2014, Similarly, the average export price of cement dropped 4.84 per cent t... |
Dalmia plans merger of listed cement units27 August 2014, Published under Cement NewsIndia-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the matter. Following the merger, the swap ratio wil favour shareholders of OCL India, reports India Investment News. As part of the restructuring process, Dalmia Bharat also aims to merge its unlisted subsidiary Dalmia Bharat Enterprises into itself. Private equity firm Kohlberg Kravis Roberts owns a 14.5 per cent stake... |
Shree Cement to acquire Jaiprakash grinding unit26 August 2014, Published under Cement NewsShree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India. The proposed sale is subject to approval of the lenders of Jaypee Associates and other concerned authorities. HM Bangur, managing director of Shree Cement, said he expects the due diligence process to be completed in two weeks.He told local media that a "shortage" of grinding units within the company' portfolio and projected domest... |
Birla HomeTech mulls Kurnool plant project, India20 August 2014, Published under Cement NewsBirla HomeTech are considering setting up a cement factory in the Kurnool district of Andhra Pradesh (AP). N Chandrababu Naidu, chief minister of AP, assured Birla HomeTech officials during a recent visit to discuss the new plant that the state government would help the company with the resources. He added that the southeastern Indian state is rich in minerals and that the output from the cement plant could be used by the government for infrastructure projects, the New Indian Express rep... |
Wonder Cement places new order with Gebr Pfeiffer, India15 August 2014, Published under Cement NewsIndia-based producer Wonder Cement has placed an order with Gebr Pfeiffer for raw meal and coal mills as part of plans to expand its Tehsil Nimbahera cement works. The mills will supply the new 8500tpd kiln line at the plant situated in Chittorgarh district, India. The MPS 5600 B, with a capacity of 605tph of raw meal and a fineness of 1.5 per cent residue on the 212µm sieve, will be equipped with a 5600kW drive. Wonder Cement will use pulverised petcoke for kiln firing. This fuel will be ... |
Orient in strategic talks to acquire 2Mta plant15 August 2014, Published under Cement NewsOrient Cement is in talks with three companies to acquire a cement plant as part of plans to triple capacity by 2020, a senior company executive has said. Deepak Ketrapal, managing director of Orient Cement, told local press that "strategic discussions“ are being held to acquire a 2Mta cement plant. The names of the companies were undisclosed. Mr Ketrapal added that Madhya Pradesh and Chhattisgarh are the prime locations. The acquisition will form part of Orient Cement’s aim to boost cap... |