Shree Cement announces INR47.5bn investment plan
India’s Shree Cement has announced an INR47.5bn (US$645m) investment plan, which includes solar power projects, an integrated cement plant and a grinding works. Around INR5bn wi...
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Udaipur Cement Works starts clinker expansion project
Udaipur Cement Works Ltd (UCWL) has started project activity for a brownfield expansion at its 1.6Mta site in Rajasthan. Due to the increasing domestic demand of cement and in v...
Harvested rainwater accounts for 80% of Udaipur Cement's water requirements
Being an almost two times water-positive company, Udaipur Cement Works Ltd sources about 80 per cent of freshwater requirement from harvested rainwater stored in the mines pit l...
Nuvoco Vistas sees improvement in first quarter
India’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net l...
Gujarat Sidhee Cement to shut clinker line for maintenance
India’s Gujarat Sidhee Cement is planning to shut down the clinker line at its Sidheegram plant for annual maintenance, which is expected to take a period of 17-20 days to compl...
Odisha approves Jajpur cement projects
The state government of Odisha, India, has approved the proposal of My Home Industries Pvt Ltd to set up a 3Mta cement grinding unit at Badchana, Jajpur district. The project re...
JK Cement plans 23Mta expansion by end of 2023
JK Cement intends increase production capacity to about 23Mta in the next two years, from 15Mta now, by expanding its footprints in northern and central India. "We will maintain...
Indian cement prices down 4% MoM
At an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Cent...
KJS Cement records 36% advance in profit
India’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per ...
Nuvoco Vistas Corp sees lukewarm bourse start
India-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the ...