Cement News tagged under: India
Indian cement corporate announcements13 April 2012, Published under Cement NewsUltraTech Cement has informed that the NJ Jhaveri has resigned from the board of the company with effect from 4 April, 2012, according to a filing to the Bombay Stock Exchange (BSE). Meanwhile, Shree Digvijay Cement Company has also informed the BSE that Alvaro Joao Serra Nazare, a director of the company has resigned from his directorship with effect of 1 April 2012. |
India cartel ruling expected in 15 days12 April 2012, Published under Cement NewsIndia’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of the members. So far, there had been no sittings. It will take at least 15 days for us to prepare the final report," a senior CCI member told PTI. CCI is probing an alleged cement cartel on various fronts including selling prices and the creation of artificial shortages by producing less than capacity. |
Cartel ruling expected shortly, India11 April 2012, Published under Cement NewsA ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profits and pricing power, according to sources. “Rumours of penalties of cement companies by CCI has been doing the rounds time and again,” said Vivek Mahajan, head of research at Aditya Birla Money. Brokerage Macquarie said in a March-end report said it expects penalties of about seven per cent of total revenue (las... |
Fives Pillard strengthens its position in Indian combustion market10 April 2012, Published under Cement NewsThe Fives group has acquired CBL Combustion Systems, an Indian company specialising in the design and supply of combustion equipment used mainly in the energy (burners for industrial boilers and thermal power plants) and minerals (cement) sectors. CBL, which markets its offer both on the basis of its own technologies and those of Fives Pillard, has adopted the name of Fives Combustion Systems Pvt Ltd and the Fives group’s visual identity. Fives Combustion Systems, headquartered in Mumbai, ... |
Bihar cement prices rise as supplies fall, India09 April 2012, Published under Cement NewsCement prices in the Indian state of Bihar have risen by almost 50 per cent due to increased construction activity and the temporary shutdown of a nearby Prism Cement unit, the Economic Times of India reports. Bihar, situated in eastern India, has no major cement production facilities and relies on cement from plants located in Satna, MP, where prices have been rising due to heightened building activity. Compounding the issue is the shutdown of Prism Cement’s Satna unit which satisfies a ... |
Shaasta Cement plans Karnataka clinker line, India06 April 2012, Published under Cement NewsShaasta Cement Corporation, India, is planning the construction of a 2.25Mta clinker production line in Gulbarga district, in the state of Karnataka. The project is planned for completion in 2014. |
Zuari subsidiary to expand Sitapuram unit, India06 April 2012, Published under Cement NewsSri Vishnu Cement, India, is planning to expand its clinker manufacturing capacity at Sitapuram, district Nalgonda, in Andhra Pradesh, from 1.1Mta to 2Mta. Sri Vishnu Cement, part of Zuari Cement, expects work to commence in 2015 and be completed within 18 months. |
2Mta plant planned in Madhya Pradesh, India06 April 2012, Published under Cement NewsAbhijeet Cement, India, is planning an integrated cement plant in district Morena in Madhya Pradesh. The new project, located at Bhilampur, will consist of a 2Mta cement line and a 50MW captive power plant. The project is currently approval from the Ministry of Environment and Forests. |
Jaiprakash March dispatches rise 32%05 April 2012, Published under Cement NewsJaiprakash Associates' cement dispatches in March 2012 has increased by 32% at 2.08Mt, as against 1.57Mt in the same month of 2011. Jaypee's cement business operates under the Jaiprakash Associates arm, which has a cement capacity of 28Mt. Jaiprakash Associates reported a fall of 12% in its net profit of INR205 crore in the third quarter of the current fiscal, mainly on higher interest payments. The company had registered INR233 crore net profit during the October-December quarter of l... |
Indian majors report March gains04 April 2012, Published under Cement NewsThree of India's leading cement producers, UltraTech Cement as well as Holcim interests, ACC and Ambuja Cement, all reported healthy gains in their respective March 2012 figures. UltraTech despatched 4.01Mt cement in March, 6.28% higher from previous year, a company release today said. Cement production during the month rose 4.5% YoY to 3.92Mt. On a monthly basis, despatches and production rose 14% and 13%, respectively. Ambuja Cement sold 2.17Mt of cement in March this year, up 12.4... |