Nuvoco on a solid growth path
A week ago, Emami Cement Ltd agreed the takeover by Nuvoco Vistas Corp (Nirma group) for its cement operations in India. The US$770.56m acquisition means that the Nirma group wi...
India
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India’s Saurashtra Cement posts Oct-Dec 19 net profit
Saurashtra Cement has reported a net revenue from operations of INR1.52bn (US$21.3m) in October-December 2019 from INR1.58bn in the year-ago period. The company achieved a net p...
HeidelbergCement expects debottlenecking grinding capacity by end March
HeidelbergCement expects to complete its debottlenecking of cement grinding capacity in Imlai (Madhya Pradesh) and Jhansi (Uttar Pradesh) to be completed by 31 March 2020. The p...
Anjani Portland Cement sees profit rise 165%
India’s Anjani Portland Cement has seen a 165 per cent increase in net profit to INR62.8m (US$881,229) for the quarter ending 31 December 2019, rising from INR23.7m in the year-...
India Cements reports net loss in 3QFY19-20
India Cements has reported an INR53.7m (US$751,232) standalone net loss in the quarter ending 31 December 2019, compared with an INR31.3m profit in the year-ago period. Total in...
Shree Cement is closing in on 50Mta of cement production
This week it was announced that Shree Cement would enter the market of western India within the next six months . The company is preparing to open a new 2.5Mta grinding plant in...
Emami Group agrees to sell cement unit to Nuvoco Vistas
India’s Emami Group has announced the sale of its 8.3Mta cement business to Nuvoco Vistas (Nirma Group), with the move valued at INR55bn (US$770.56m). "We are very proud of Emam...
Star Cement reports 18% decline in net profit
India’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago pe...
First Chair and Co-chair of GCCA India's CEO Committee announced
Mahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Ltd, and Nilesh Narwekar, CEO of JSW Cement, have been elected as the chair and co-chair respectively of the...
Sagar Cements reports 2% increase in production for January
India’s Sagar Cements has reported a 1.7 per cent YoY increase in standalone cement production for January 2020, rising to 228,455Mt from 224,607Mt in the year-ago period. Conso...