Cement News tagged under: India
India's Ultratech Cement plans to raise INR2.5bn via bonds24 August 2012, Published under Cement NewsUltratech 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, according to Reuters. |
India: Burnpur Cement signs MOU for Patratu project23 August 2012, Published under Cement NewsBurnpur Cement Ltd (BCL), one of the largest integrated cement plants in eastern India, today signed a Memorandum of Understanding (MoU) with the Jharkhand government for setting up an 800tpd integrated cement plant at Patratu with a total investment of about INR2bn (US$36.2m). Following the signing of the MoU, the Jharkhand government formally allotted the limestone mines at Benti Bagda near Patratu Plant to BCL to start the mining activities there without delay. "The first phase of c... |
India: builders protest against high cement prices23 August 2012, Published under Cement NewsIn a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the state government to bring down cement prices and calling for a regulatory cement authority to be formed at the national level. Cement prices are INR330 (US$5.98)/bag now as against INR275/bag six months ago. Though the Tamil Nadu Cements Corporation was supplying cement at INR 260/bag even now, the cement companies ha... |
India: Chincholi to receive giant cement plant21 August 2012, Published under Cement NewsShiva Shankar Minerals Limited has successfully approached the government for permission to construct a 3.5Mta cement plant on 1500 acres of land at Burigpally and Ghanapur, Chincholi Taluk. The huge cement factory and a 50MW captive power generation unit require an investment of INR22.5bn (US$405.372m). Officials added the completed factory will require 6Ml of water a day — which will have to be drawn from the Mullamari River. In addition, the plant will require 89,500kVA of power from th... |
India: ABB to modernise Century Cement in US$18m order21 August 2012, Published under Cement NewsPower and automation group ABB has won an order worth US$18m to design, engineer and supply integrated automation and modern electrification systems for Century Cement’s Manikgarh Cement plant in central India. Manikgarh Cement is located in Maharastra and provides high-quality cement products for building construction, road and bridge infrastructure and other commercial uses. ABB’s delivery is part of a two-line expansion and plant modernisation project that will add 2.8Mta of cement capa... |
India: “Cement factories must adhere to safety norms to check pollution”20 August 2012, Published under Cement NewsCement 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, India17 August 2012, Published under Cement NewsCement 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 declining17 August 2012, Published under Cement NewsCement 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, India16 August 2012, Published under Cement NewsIndian 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 bonds16 August 2012, Published under Cement NewsIndia'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) |