India

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India: beyond the headwinds

India: beyond the headwinds Premium

India has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse i...

New US$435m project set for Oman

New US$435m project set for Oman

Oman’s Duqm International Cement Projects Co is preparing to launch the country’s biggest integrated cement plant project with an investment of US$435m, according to the Oman Ne...

Ambuja Cements reports 51% increase in net profit

Ambuja Cements reports 51% increase in net profit

India’s Ambuja Cements reported a 50.5 per cent YoY rise in consolidated net profit to INR8.04bn (US$109.15m) for the July-September quarter this year, compared to INR5.34bn dur...

Shiva Cement to set up new 4000tpd unit

Shiva Cement to set up new 4000tpd unit

India’s Shiva Cement has announced plans to set up a new 4000tpd clinker unit and 1Mta grinding plant. The total cost of the project is expected to reach INR15.3bn (US$208.02m),...

ACC sees EBITDA rise 21% in the 3Q20

ACC sees EBITDA rise 21% in the 3Q20

India’s ACC Ltd has reported a 19.8 per cent YoY increase in consolidated profit after tax to INR3.64bn (US$49.59m) for the 3Q20, against INR3.03bn during the same period last y...

Dalmia Cement announces CFO resignation

Dalmia Cement announces CFO resignation

India’s Dalmia Cement (Bharat) has announced the resignation of Jayesh Nagindas Doshi from the position of whole-time director and chief financial officer. The board has approve...