Adani group acquires Orient Cement
Ambuja Cements , part of the Adani Group , has agreed to acquire Orient Cement Ltd at the equity value of INR81bn (US$963.4m). This binding agreement set Ambuja to acquire a 46....
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UltraTech Cement reports a slight decrease in performance
UltraTech Cement Ltd has released their quarterly performance for the 2QFY25. Consolidated net sales was at INR153.08bn (US$1.82bn) compared to INR157.35bn in the same period a ...
Dalmia Bharat reports decline in profits
Dalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company ...
UltraTech Cement expands capacity to 156Mta
UltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity...
Dandot Cement releases financial statement
Dandot Cement Company Ltd has issued its 44th Annual Report and audited financial statements for the year ending 30 June, 2024. For the year under review, the company produced 1...
Lucky Cement announces new leadership
On 13 October, Lucky Cement 's Company Secretary, Ali Shanab, informed the Pakistan Stock Exchange (PSX) that the board of directors has appointed Mr Muhammad Sohail Tabba as th...
Indian cement industry growth expected to slow in FY24-25
India's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown fro...
Siam Cement Group expands Onnex solar power focus amidst declining technology costs
Siam Cement Group (SCG) is shifting its focus to its Onnex solar energy brand, aiming to expand its power generation capacity from 200MW to 1000MW between 2025 and 2029, driven ...
Indian cement sector to face revenue decline in Q2FY2025 amid weak demand
India's cement sector is expected to witness a 7.2 per cent year-on-year (YoY) drop in revenues for Q2FY25, driven by an 8.7 per cent YoY fall in realisations, according to a re...
Energy development organisation seeks licence to power cement industry with 18MW Hydel plant
Pakhunkhwa Energy Development Organization (PEDO) has submitted an application to NEPRA for a bulk electric power supply licence for its 18MW Pehur Hydel Power Plant in District...