Cement News tagged under: india
India: Ramco appoints PR Venketrama Raja as new CMD05 June 2017, Published under Cement NewsRamco Cements has announced the appointment of P R Vektrama Raja as its new Chairman and Managing Director. The appointment is for a five-year term, starting 4 June 2017, said Ramco in a Bombay Stock Exchange filing. It follows the passing of Chaiman P R Ramasubrahaneya Rajha in March. |
Plans to set up cement facilities near India’s thermal power plants02 June 2017, Published under Cement NewsFifteen companies in India have expressed an interest to set up cement plants near NTCP power stations to help dispose the power company of the 52Mt fly ash generated by its projects. In addition, NTPC is also scouting for captive consumers to create the demand for the electricity generated by its plants as the cement facilities will be required to buy power from the nearby NTPC works. "Interested party shall sign a long-term agreement with NTPC for use of fly ash and electricity exclusiv... |
Orient Cement to acquire two Jaypee units01 June 2017, Published under Cement NewsOrient Cement has reached an agreement to buy two cement units from Jaypee in the central and eastern regions of India. Orient will buy a 74 per stake in Bhilai which is a joint venture between Jaiprakash Associates Ltd (JAL) and Steel Authority of India Ltd (SAIL). Bhilai has an integrated PSC cement capacity of 2.2Mta consisting of a clinker unit in Satna area in Madhya Pradesh and a grinding unit in Bhilai, Chhattisgarh. Another agreement was signed for the acquisition of the 2Mta Nig... |
Dalmia Cement supplies India's longest bridge30 May 2017, Published under Cement NewsDalmia Cement (Bharat) Ltd has supplied 17,000t of high-quality cement for the construction of the Dhola-Sadiya bridge connecting Arunachal Pradesh to Assam, which was inaugurated on Friday by India's Prime Minister, Narendra Modi. Realised through a consortium of companies, Dhola-Sadiya is India's longest bridge, spanning a distance of 9.15km across the Brahmaputra river. It is located 540km from Guwahati in Assam and 300km from Itanagar, Arunachal Pradesh. The aerial distance to the Chin... |
Prism Cement quarterly net profit falls26 May 2017, Published under Cement NewsIndia-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier. Consensus forecast for March quarter profit was INR23.01m, according to Reuters. Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago. Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Prad... |
Pakistan cement exports continue to disappoint25 May 2017, Published under Cement NewsPakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country exported 3.9Mt of cement at a total value of US$205m, considerably lower than the 5.06Mt at US$274.3... |
UltraTech's purchase of Jaiprakash assets reportedly nears completion22 May 2017, Published under Cement NewsUltraTech Cement cquisition of the cement business of Jaiprakash Associates is expected to be completed in the next few months, a top group executive said in an interview with local media. “The Jaiprakash Associates acquisition is on track and should get done sooner than later,” group chief financial officer Sushil Agarwal said. In July last year, UltraTech agreed to acquire Jaiprakash Associates ’ cement plants, which have a total capacity of 21.2Mta, making it one of the largest de... |
Shree Cement's eastern promise22 May 2017, Published under Cement NewsShree Cement is looking to expand its presence in eastern India with the construction of two grinding facilities, according to local press. As part of its expansion plan in the east from its base in Bihar, Shree Cement is constructing one plant in Raghunathpur, West Bengal, and the other near Cuttack, Odisha, the report in Business Standard (India), stated. Managing Director, HM Bangur, told the daily that Shree had acquired 120-130 acres in Bengal and that a deal to acquire 150 acres i... |
Wonder Cement looks to lift capacity to 11Mta18 May 2017, Published under Cement NewsWonder Cement plans to set up three units in the Indian states of Maharashtra, Madhya Pradesh and Haryana to increase its total cement capacity to 11Mta over the next three years. "We have 5.2Mta of installed capacity and hope to increase to 11Mta by 2020," JC Toshniwal, managing director of Wonder Cement, said. He further added that the company is expected to receive environmental clearance for a 2Mta grinding unit in Dhule, Maharashtra, next month and production is expected to commence b... |
Shree profits fall sharply18 May 2017, Published under Cement NewsShares of Shree Cement declined over five per cent on Wednesday after the company said its profits more than halved in March quarter. The company reported a standalone profit of INR304.5bn (US$4.73bn) for the fourth quarter ended 31 March, compared with INR663bn, reported for the same period last year, said the Economic Times. The company said total income during the quarter under review increased to INR2834bn from INR2724bn in the January-March quarter of 2015-16. The earnings are not co... |