Shree Cement reportedly raising over INR20bn through QIP offering
India’s Shree Cement Ltd is reportedly in an advanced stage of raising more than INR20bn (US$278.36m) through a qualified institutional placement (QIP) offering, according to th...
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The India Cements Ltd may put capex plans on hold
The India Cements Ltd said it may need to put its capital expenditure plans on the backburner if the current economic slowdown persists, reports The Times of India. "We may hold...
India’s demand growth shifts gear Premium
The April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped s...
Star Cement sees 16% rise in net profit
India-based Star Cement reported a standalone net profit of INR550.8m (US$7.8m) for the quarter ended 30 September 2019, up 16.2 per cent YoY from INR474m in the year-ago period...
JK Cement’s Satha line expected to be ready in December
India-based JK Cement is setting up a clinker grinding unit in Satha village, Aligarh district, Uttar Pradesh. The INR2.664bn (US$37.6m) project will have a capacity of 2Mta and...
Birla Corp sees 450% rise in net profit
India's Birla Corp has seen a 450 per cent increase in net profit to INR880m (US$12.4m) in the 2QFY19-20, compared with INR160m in the corresponding period of the previous fisca...
UltraTech Cement looks to divest Bangladesh asset
India's UltraTech Cement has stated that its plan to divest non-core assets in China, the UAE and Europe, is progressing well. It has also announced that it is looking to exit t...
ACC plans integrated works in Bilaspur, Chhattisgarh
ACC is planning to build an integrated cement plant at Masturi, Bilaspur district, Chhatisgarh, on 105ha of land. The project will represent an estimated investment of INR29bn (...
JK Lakshmi Cement records 6% rise in net sales
India’s JK Lakshmi Cement has reported a net profit of INR486.7m (US$6.89m) in the 2QFY19-20, compared with a net loss of INR50.2m in the year-ago period. Consolidated net sales...
Shree’s sustainable path Premium
India’s cement industry has introduced several initiatives to place it on a path towards more sustainable cement production. Shree Cement highlights the actions it has taken to ...