UltraTech Cement appoints Sujeet Jain as chief legal officer
Sujeet Jain, group general counsel and company secretary of Viacom18, has joined UltraTech Cement as chief legal officer in Mumbai. A graduate of GLC Mumbai, he began his career...
India
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UltraTech Cement receives approval for 6Mta plant project
India’s UltraTech Cement has received environmental approval to set up a INR25bn (US$360.37m) project in Petnikota village, Andhra Pradesh. The integrated facility is expected t...
Gujarat launches pilot air pollutant permit cap and exchange mechanism
India has launched the world's first trading programme for particulate air pollution quotas. The western state of Gujarat piloted the scheme on 5 June involving some 350 industr...
Sagar Cements reports rise in cement production for May
India’s Sagar Cements has reported a 12.9 per cent YoY rise in consolidated cement production in May 2019, increasing to 277,146t from 245,454t in the year-ago period. Standalon...
Calcar Products to begin work on new grinding unit
India's Calcar Products is expecting to begin Phase I of its new cement grinding unit project this month. The facility will be set up in two phases at Bhupdeopur village of Raig...
Penna Cement secures approval for IPO
India’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s propose...
Emami Cement looks to expand limestone mining capacity
India’s Emami Cement Ltd has announced plans to expand its limestone mining capacity from 5.5Mta to 9Mta at its operations in Kukurdih of Raipur district, Chhattisgarh. The proj...
BAI calls for regulatory authority to investigate cement price hikes
Mr V Sivarajan, president of the Builders' Association of India (BAI)'s Coimbatore branch, has hit out against recent price rises established by India's cement sector. The retai...
Sri Chakra Cement closes FY18-19 with INR55.9m net loss
Sri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sales ...
Ramco Cements to invest INR35bn in expansion programme
India’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s gene...