UltraTech MD to step down in December
Krishna Kishore Maheshwari will be appointed as UltraTech's first non-executive vice chairman as he retires from his managing director role on 31 December this year. Kailash Cha...
India
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Sagar Cements sees improvement in consolidated production in August
India’s Sagar Cements has reported a 11.7 per cent YoY fall in its standalone production figures for August 2019, which declined to 182,891t from 207,008t. However, consolidated...
Confidence Cement acquires Zodiac Power Chittagong Ltd
Bangladesh's Confidence Cement has acquired a 51 per cent controlling share in Zodiac Power Chittagong Ltd. The new subsidiary is an independent power producer with a 54.36MW he...
Indian cement demand growth forecast to slow in FY20
Growth in Indian cement demand is expected to slow to seven per cent in the FY19-20, against 13 per cent demand growth in the FY18-19, according to ICRA. However, average prices...
Cement prices in Punjab rise after trade suspension
After the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan...
Ramco Cements expects price hike in Indian states
India's Ramco Cements Ltd has stated that a cement price hike in Telugu states is imperative as prices are unviable for manufacturers. "Companies have to increase cement prices ...
Gujarat requests producers to use more plastic waste
The Gujarat Pollution Control Board has requested cement producers in the Indian state to use plastic in five per cent of their total fuel. The board is also expected to increas...
UltraTech Cement
UltraTech Cement, an Aditya Birla Group company, almost doubled its net profit in the quarter ending 30 June 2019, on the back of merger synergies and improved operational effic...
Lucky Cement awarded for Best Corporate Report
Lucky Cement Ltd has won the Best Corporate Report Award with second position in the cement category at the much anticipated "Best Corporate & Sustainability Report Awards 2018"...
Shree Cement records 37% net profit increase
India’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profi...