Cement News tagged under: SBI
SBI acquires minority stake in JSW Cement21 December 2021, Published under Cement NewsThe State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of INR1bn (US$13.23m). The capital is expected to support the company’s capacity expansion plans from 14Mta to 25Mta. "In a short span of three years, we have increased our capacity from 6Mta to 14Mta and are now working towards achieving the 25Mta milestone over the next 24 months. We take great pride in being the recipient of one of SBI's larger investments through the private equity route. I... |
Semen Indonesia Group and SBI see 47% rise in February sales19 April 2019, Published under Cement NewsSemen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7... |
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