Cement News tagged under: India
Chettinad Cement gets shareholders’ nod for delisting05 February 2013, Published under Cement NewsChettinad Cement announced that it has received shareholders' approval to delist the company’s shares from the stock exchanges. In a filing to the Bombay Stock Exchange (BSE) the company said the proposal to delist shares has been “approved by the requisite majority of votes.” Chettinad Cement is listed on the National Stock Exchange, Madras Stock Exchange and its share are permitted to trade on the BSE. Voting started on January 4 2013, and ended yesterday. The Chennai-based company h... |
UltraTech Cement in talks to buy ABG Cement plant, India05 February 2013, Published under Cement NewsIndia’s largest cement producer, UltraTech Cement, is in talks to purchase an incomplete 6.7Mta cement plant in Gujarat owned by the ABG Cement group, the Economic Times of India reports. “Executives of both UltraTech Cement and ABG had three rounds of negotiations,” a source told the local daily. According to the report, Axis Capital, the investment banking arm of Axis Bank, is advising UltraTech. “We had some discussions in the past," a senior ABG official said. "The company is ke... |
Five killed in Ambuja Cements industrial accident, India04 February 2013, Published under Cement NewsAn industrial incident at Ambuja Cement’s plant in Balodabazar district, Chhattisgarh, has claimed the lives of five factory workers. Local press have reported that the fatalities occurred due to a fly-ash hopper situated on the fifth floor was allegedly overloaded during a maintenance operation and collapsed and crashing four floors below. Police have registered a case against the company management, while the State Labour Department has ordered closure of all plant operations till th... |
Indian prices see improvements in January01 February 2013, Published under Cement NewsIndian cement prices have improved through January following a sharp fall in December, the Economic Times of India reports. Delhi, Bangalore and Hyderabad proved to be the only exceptions with prices stagnating in the former two and declining in the latter. Prices improved primarily to compensate for declines in November and December. Demand, however, remained weak in all regions causing analysts to state that companies may find it difficult to raise prices in the coming months should con... |
Amrit Cement India launches new plant, India29 January 2013, Published under Cement NewsAmrit Cement India Ltd (AMIL) has launched its 1Mta cement plant in northeast India. Situated in the Jayantia Hills, Meghalaya, the new cement works will serve the northeastern market, the Economic Times (ET) of India reported. The facility is also equipped with a 10MW captive power plant. AMIL has an ambitious plan to install 5Mta of cement capacity by 2015-16 through capacity additions in the northeast and through new volumes in Nepal and Bihar, for which initiatives have already bee... |
Penna Cement plans packaging unit, India28 January 2013, Published under Cement NewsPenna Cement Industries is planning a 1Mta cement packaging unit at Panvel, district of Raigad, Maharashtra, India. Land acquisition is currently underway and the project is planned for completion in 18 months. Penna Cement has a total installed cement capacity of 7Mta spread across four facilities: Talaricheruvu, Anantapur (1.8Mta); Boyireddypalli, Andhra Pradesh (2Mta); Ganeshpahad village, west Andhra Pradesh (1.2Mta) and Tandur, central-west Andhra Pradesh (2Mta) |
Pakistan first-half cement export volumes rise24 January 2013, Published under Cement NewsPakistan cement exporters have registered almost a 30 per cent YoY rise in cement export volumes in the first six months of the current fiscal. However, the amount of deliveries to neighbouring India continue to disappoint. During 1HFY13, Pakistan exported 4.514Mt of cement and earned US$304.92m compared to 4.419Mt at US$235.02m in the corresponding period of last year. This shows that cement exports rose by 2.16 per cent in terms of dollar value and 29.74 per cent in quantity over the Ju... |
Shree Cement sees jump in third-quarter net profit, India22 January 2013, Published under Cement NewsIndia-based producer Shree Cement reported a 267 per cent rise in net profit to INR2174.4m (US$40.4m) for the third quarter of FY12-13 compared to INR591.9m in the same period of last year. Total income increased by 20.46 per cent to INR14.60bn for the quarter ended 31 December 2012 from INR12.12bn for the same period the year before. Net sales increased by 19.5 per cent INR14.28bn for 3QFY12-13 compared to INR11.95bn in 3QFY11-12. Shree Cement has a cement production capacity of 13.4... |
Raw material and cement grinding plants for India22 January 2013, Published under Cement NewsJK Cement Ltd of India has contracted ThyssenKrupp Polysius to supply three new grinding plants equipped with POLYCOM high-pressure grinding rolls. The grinding plants are to be constructed at two different cement production locations. Cement grinding plant at Jharli works At the company's Jharli works in the state of Haryana, a combi grinding plant is to be installed. The plant is to consist of a POLYCOM high-pressure grinding roll with 2 x 1500kW drives, a ball mill (4.4m diameter x ... |
Dalmia Cement to raise northeastern capacity, India21 January 2013, Published under Cement NewsDalmia Cement plans to invest INR18bn (US$334m) over the next two years to lift capacity to 21Mta through a new greenfield plant and expanding its facilities in northeast India. Puneet Yadu Dalmia, managing director of Dalmia Cement, told local press that the company’s total capacity will increase to 21Mta at the end of the process from the current 17Mta. It will invest INR13bn in its upcoming 2.5Mta Greenfield plant in Belgaum city in Karnataka state while its plants in the northeast of I... |