Cement News tagged under: Indian
Shree Cement makes move into mining sector08 December 2023, Published under Cement NewsShree Cement is reportedly planning to bid for lithium mining rights in Jammu and Kashmir, as part of the company’s venture into the mining sector. According to Reuters, an estimated 5.8Mt of deposits were found in February this year. The cement producer is also believed to be looking at blocks in the eastern state of Chhattisgarh. An Australian-based mining company is advising Shree on the bid. If successful in acquiring the lithium block, Shree Cement plans to set up a US$600-700m re... |
UltraTech reports 16% YoY sales volume growth in 1QFY2402 October 2023, Published under Cement NewsUltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a total sales volume for India of 25.66Mt for the quarter. Grey cement sales overseas stood at 1.18Mt for the three-month period, taking total consolidated sales for UltraTech to 26.69 in the 2QFY24. This marks a 16 per cent increase on the 23.10Mt reported in the same quarter a year earlier, but is down 11 per cen... |
Multimodal transport to ease Indian cement supplies and prices27 May 2022, Published under Cement NewsThe Indian government is looking at ways to balance up supply and demand of cement across the country, while also helping to reduce cement prices. Cement producers in southern India have idle capacity due to low demand, while in the north of the country demand remains high and cement is in short supply. According to a government spokesperson, one proposal is to transport cement by sea from southern India to a port in eastern Indian eg, Haldia, from where it can be taken to cities such as Var... |
Pan-Indian cement prices fall by 5% in December10 January 2022, Published under Cement NewsCement prices declined by an average pan-Indian rate of five per cent MoM in December 2021, according to Emkay Global Financial Services. Prices declined 6-7 per cent MoM in the east and south, while prices in other regions fell by 3-4 per cent, according to the report, while industry volumes likely increased by 25 per cent MoM. Emkay Global Financial Services said all regions are likely to have witnessed 20-30 per cent MoM volume growth. There should be a YoY demand improvement in Dec... |
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