Indian cement dealers expect volumes to decline 35-40%
Following the impacts of COVID-19, Indian cement dealers are expecting volumes for March to decline by 35-40 per cent YoY and April to be a wash-out, according to The Financial ...
India
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Indian lockdown leaves plant staff stranded
Following the Indian lockdown as a response to the COVID-19 outbreak, Ramco Cements has stopped production at its plant in Haridaspur, Jajpur. However, around 400 workers from o...
Indian cement manufacturers take precautions against COVID-19
India’s cement manufacturers are taking precautions against the spread of COVID-19. JK Cement Ltd is working with a reduced workforce, maximising video-conferencing and minimisi...
Udaipur Cement of India shuts plant due to Coronavirus epidemic
Udaipur Cement Works Ltd (UCWL) of India has informed Bombay Stock Exchange (BSE) on 23 March that operations of the company's plant at Udaipur have been temporarily closed unti...
Shree Cement to shut all production facilities in Rajasthan
India’s Shree Cement has announced that it is undertaking measures to shut down all of its Rajasthan-based plants until 31 March 2020, or further notice, according to a statemen...
Dalmia Bharat announces share buy-back scheme
The board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m). It intends to buy no more than 71,42,857 shares at a maximum pr...
Coronavirus uncertainty likely to flatline Indian cement prices
Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sect...
KHD signs EP contract with India's ACC
Regional subsidiaries of KHD Humboldt Wedag have signed an EP contract with India's ACC Ltd (LafargeHolcim) for the engineering, supply of equipment and supervisory services rel...
Andhra Pradesh producers to reduce prices for government projects
Cement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan...
India Cements sees investors increase stake
The Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. Thi...