CCI starts investigation into Ambuja and ACC
The Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competit...
India
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UltraTech Cement announces 12.8Mta capacity expansion
UltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. The...
Birla Corp to raise INR1.5bn through NCDs
India’s Birla Corp is set to raise around INR1.5bn (US$20.3m) through secured unlisted redeemable non-convertible debentures (NCDs). As such, the company has approved the allotm...
Southern India sees boost in cement prices
Cement prices in southern India have advanced around 18 per cent YoY to INR393/bag (US$5.3) in the 3QFY20-21, according to Motilal Oswal. On a QoQ basis, prices are flat as hike...
LafargeHolcim to invest CHF100m in Indian WHR projects
LafargeHolcim has announced a CHF100m (US$111.84m) investment in India for waste heat recovery systems. The investment will be completed across six sites over the next two years...
Production resumes at Sindri plant following protest
Production at ACC’s cement factory in Sindri, India, resumed on Tuesday with a police presence, a day after a clash between protesting villagers and police. The protestors had b...
Star Cement to invest INR4.5bn in new plant
India’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in th...
Shiva Cement awards thyssenkrupp Industries India a 4000tpd kiln line project
thyssenkrupp Industries India has won a EUR22m contract from Shiva Cement (JSW Cement Ltd) for a 4000tpd kiln line in Odisha, India. Vivek Bhatta, MD and CEO of thyssenkrupp Ind...
JSW Cement delays IPO plans
India’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company ha...
NG Ghadiya Group set to acquire National Limestone from ACC
India’s NG Ghadiya Group, a company involved in the business of construction mining, has announced that it intends to completely acquire National Limestone Co from ACC Ltd. The ...