Cement News tagged under: India

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JK Lakshmi to commission new grinding unit, India

26 March 2012, Published under Cement News

JK Lakshmi will commission a new 500,000tpd clinker grinding unit at Jharli in the next 2-3 days, managing director Vinita Singhania, said. The new plant will help the company lower its transportation costs as it currently caters to this key market from its main plant in Rajasthan.  The Delhi-based company spent INR1bn raised through internal accruals and debt over the last 18 months to set up the unit, Mr Singhania said. Production at the facility will gradually be increased to reach...

Himachal sees capacity reaching over 22Mt by 2015

23 March 2012, Published under Cement News

Cement and clinker production in Himachal is expected to reach 22.37Mt by 2015 after the north Indian state commissions the 3.75Mt JP Himachal Cement plant, according to  Minister Krishan Kapoor told local press. Speaking to local press, Mr Kapoor said ACC had set up two cement plants at Barmana and Bilaspur district with 7.7Mta capacity while an agreement has been signed with JP Cements for the establishment of a second unit at Bagha with a capacity of 3.75Mt in August 2010 and the plant w...

India Cements to raise capacity in Tamil Nadu

22 March 2012, Published under Cement News

India Cements has begun the process to expand capacities at two of its plants in Tamil Nadu, according to reports from the Times of India. The company has applied to the Ministry of Environment and Forests to obtain the Terms of Reference (TOR) to expand capacities at its existing plants in Dalavoi in Ariyalar district and Padaveedu in Salem district. India Cements has seven plants all situated in South India with a total capacity of 15Mta. It recently commissioned a plant in Mahi, Rajast...

Birla Corp starts trial production at Chanderia, India

21 March 2012, Published under Cement News

Birla Corporation Ltd. has commenced trial production of clinker from its 1.2Mt brownfield capacity expansion project at Chanderia in Rajasthan. The Indian Bureau of Mines has conducted an inspection and undertaken various tests regarding mining activities at Chanderia and a report has since been submitted to the Court. (Economic Research India Pvt. Ltd)

Lafarge to expand Indian operations

21 March 2012, Published under Cement News

Lafarge is expanding its operations in India but says it will do so organically and isn't considering any acquisitions at present, Chairman Bruno Lafont said Tuesday. "We will continue to grow, mostly through internal growth and by expanding our existing cement plants and growing through several greenfield plants," Lafont told reporters on the sidelines of an event. He said the company will continue with its program to increase production capacity in India by 2Mta but no completion da...

Indian government notes signs of cement sector recovery

19 March 2012, Published under Cement News

The Indian government has noted a recovery in the cement sector and announced adjustments to the excise duty in its Union Budget 2012-13. While presenting the Union Budget 2012-13 (April-March) in parliament, Pranab Mukherjee, Minister of Finance said: "Data of last quarter of 2011-12, suggests that the economy is now turning around. There are signs of recovery in coal, fertilisers, cement and electricity sectors. These are core sectors that have an impact on the entire economy. Indian ma...

Bangladesh cement exports rise

19 March 2012, Published under Cement News

Bangladesh manufacturers and exporters of cement, salt and stone have reported YoY growth of 46.33 per cent in the first eight months of FY2011-12 (July-February). Of these three items, cement accounted for the largest amount as over 200,000t is exported annually while volumes of salt and stone volumes amount to only a few thousand. According to the Export Promotion Bureau (EPB), Bangladesh's manufacturers exported US$9.76m worth of cement, salt and stone in July-February 2011-12 compared ...

Ambuja Cements investment update, India

16 March 2012, Published under Cement News

Ambuja Cements, part of the Holcim Group, plans to invest INR18bn (US$358m) by December 2013 to increase capacity. The investment will be funded through internal accruals. As of the quarter ended December 31, the company had a cash surplus of INR77bn, India Investment News reports. The Indian cement major plans to establish a 2.2Mta clinker plant at Naguar in Rajasthan, for which a feasibility study has been completed and environmental clearance obtained. Ambuja Cement has also initiat...

Jaiprakash Power Ventures to enter cement business, India

16 March 2012, Published under Cement News

Jaiprakash Power Ventures Ltd has planned to raise up to INR3500 crore to fund its expansion projects and is also entering the cement sector. Its board of directors has authorised raising of funds/resources through various domestic / international options. The funds are to meet the company’s ongoing projects and/or the projects of its joint venture and subsidiary companies as also issuance of further equity shares under institutional placement programme. The company has also decided to...

Fitch rates Rain Commodities at 'Fitch A-(ind)'; outlook stable

15 March 2012, Published under Cement News

Fitch Ratings has assigned India's Rain Commodities Limited (RCOL) a National Long-Term rating of 'Fitch A-(ind)'. The Outlook is Stable. However, ratings are constrained by volatility in cement prices and sector overcapacity. Fitch has taken a consolidated view of RCOL's cement and calcining businesses, both operated by its subsidiaries, for the rating purpose. While India's Rain Cement Ltd ('Fitch A-(ind)'/ Stable) holds the cement operations, RCOL's calcining business is operated in I...