Cement News tagged under: India

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Karnataka Cabinet approves land for cement plant

18 June 2012, Published under Cement News

The Karnataka cabinet has cleared the proposal of JK Cements to acquire additional land for setting up a cement plant. Economic Research of India states that the  company will acquire 278 acre for their own industrial use at Mudepura in Bagalkot district where it is already investing in a cement plant. Earlier, the state high level clearance committee had also cleared JK Cement's proposal to set up a unit to produce ordinary Portland cement, Portland Pozzolana cement, and Portland slag c...

Lafarge, UltraTech eye Jaiprakash units, India

15 June 2012, Published under Cement News

Aditya Birla Group and Lafarge are separately in talks to buy Jaiprakash Associates cement units, the Economic Times reported on Friday. Officials from Lafarge and the Aditya Birla Group-controlled UltraTech Cement Ltd, Indias biggest cement producer, have completed preliminary talks and final bids are expected shortly, the newspaper said, citing sources with knowledge of the development. Jaiprakash has spun off its cement units in the western state of Gujarat and southern state of And...

VSP plans slag-based cement plant, India

14 June 2012, Published under Cement News

Visakhapatnam Steel Plant (VSP) is planning a slag-based steel plant with a plan outlay of about INR2000 crore, Business Standard of India reports. VSP is generates over 800,000t of slag every year as a by-product, of which some 1000 tonnes are being exported. “To fully utilise the slag and fly-ash, the management is now seriously looking at starting a slag-based cement plant,” NS Rao, director (projects), VSP, told reporters here on Wednesday. “We want to set up this cement plant with pri...

India’s May output rises 13.5 per cent

13 June 2012, Published under Cement News

India's cement production in May rose 13.5% on year to 16.2Mt, the Cement Manufacturers' Association said today.     Cement output in May was 1.1% higher than 16.01Mt produced in the previous month.     Cement despatches in May rose 14.5% YoY to 16.26Mt, the association said.     Cement production during Apr-May, the first two months of 2012-13, rose 11.6% to 32.21Mt.     India's cement production in 2011-12 had increased 6.3% to 179.79Mt.

Jaiprakash in talks to sell one Indian cement unit

11 June 2012, Published under Cement News

Jaiprakash Associates is in talks to sell one of its cement units to UltraTech Cement, Bloomberg reports. The company is seeking a valuation of about INR40bn for the division and the sale may help the company cut its debt. Jaiprakash Cement’s current debt stands at INR21,500 crore, while it has a market cap of INR14,500 crore. In a filing to exchanges in November the company said it is planning to separate its cement plants in Gujarat and Andhra Pradesh. Meanwhile, UltraTech Cement – Indi...

Aditya Birla to invest INR57.5bn in cement expansion, India

08 June 2012, Published under Cement News

Indian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state of Karnataka, Chairman Kumar Mangalam Birla said on Thursday. Reuters reports that the group plans to invest INR57.5bn rupees in new cement facilities and about INR11.6bn in expanding its metal and chemical plants in the state. The invesments will be made over the next three years and are in addition to about INR60bn...

High Court stops cement firms from making cement under ACC trade mark

07 June 2012, Published under Cement News

The Delhi High Court has restrained three cement companies based in Uttar Pradesh and Punjab from producing or selling their product under the trade mark of leading cement manufacturer Associated Cement Companies (ACC) Ltd. The court also appointed a three-member team including a lawyer as court commissioner to inspect their stores in Gorakhpur, Sirhind and Kapurthala. Justice Kailash Gambhir passed the interim order accepting the argument of ACC's counsel Purushottam Mishra that Ajay K...

Aditya Birla plans Karnataka cement plant, India

07 June 2012, Published under Cement News

Aditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he expects the plant to start operations in the next two years.

Birla Corp eyes cement plant construction in Ethiopia

07 June 2012, Published under Cement News

Birla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African country. “We plan to go there for exploration of mainly limestone, for setting up a cement plant. We would also explore opportunities of setting up power plants there,” said a Birla Corp official, speaking to Daily News & Analysis India. Birla Corp had previously tried to enter the east African country in 2010 by ...

Indian producers consider early price reduction on monsoon

06 June 2012, Published under Cement News

Indian cement companies are considering a reduction of INR8-10/bag later this month  in anticipation of a slowdown in construction activities due to the arrival of monsoon season. The price correction during monsoon is seasonal but this year it has come little earlier due to subdued demand, writes Realty Plus.  "The price correction has started from the month of May and this month cement companies are contemplating to reduce prices on an average of INR10/50kg across the country," said the ...