Indian cement prices struggle in July
All-India cement prices declined by one per cent to INR366/50kg bag (US$4.88/50kg bag) in July, according to Kotak Institutional Equities. Prices in southern India also declined...
India
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India's capacity utilisation falls in the 2Q
The capacity utilisation of India’s top 10 cement producers fell to 52 per cent in the quarter ending 30 June, compared to 76 per cent in the year-ago period, according to The H...
Emami Cement sale is completed by Nuvoco Corp
Emami Ltd said on Tuesday that the group has completed sale of Emami Cement to Nuvoco Corp Ltd for an enterprise value of INR55bn (US$724.83m). “The deal was completed with the ...
Ambuja Cements reports 12% increase in net profit
India’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cen...
Bureau of Indian Standards issues first licence for microfine OPC production
The Bureau of Indian Standards (BIS) has granted the country’s first licence for the manufacture of microfine ordinary Portland cement and ultrafine ground granulated blastfurna...
UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement
India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdi...
ACC Ltd's net sales rise 6%
ACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium...
JSW Group reportedly set to reduce imports from China
Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$40...
Andhra Cement January-March net sales down 85% YoY
India-based Andhra Cement has reported standalone net sales of INR109.5m (US$1.44m) in January-March 2020, down 85.4 per cent when compared with INR749.4m in January-March 2019....
Anjani Portland Cement reports net profit rise in FY19-20
India’s Anjani Portland Cement has reported a 14.7 per cent decline in total income to INR1.03bn (US$13.63m) for the final quarter of FY19-20, compared to INR1.21bn in the year-...