JK Cement announces two grinding projects
India's JK Cement is expected to invest around INR4.5bn (US$63.24m) to set up two cement grinding units. Approximately INR2.5bn will be spent on a 0.7Mta unit in Balasinor, Guja...
India
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India raises cement import duties to stop Pakistan shipments
Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India.
Ambuja sees 188% 4Q net profit surge
Ambuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the ...
Saurashtra Cement reports net loss of INR6.7m
Indian cement producer Saurashtra Cement saw its net profit fall to INR6.7m (US$93,790) in the quarter ended December 2018 when compared with INR33.2m in the year-ago period. Sa...
KCP starts commercial production at Muktyala II
India-based KCP has started commercial production on the second line of its plant in Muktyala, Andhra Pradesh, according to the company’s notification to the Bombay Stock Exchan...
Pakistan exports of cement to India expected to fall
Pakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack...
Ambuja Cements announces plant expansion project
India’s Ambuja Cements Ltd is planning to expand manufacturing capacity from 2.4Mta to 3.4Mta at its Jala Dhulagori facility in West Bengal. While the company is awaiting enviro...
Deccan Cements sees four-fold 3Q net profit surge
India-based Deccan Cements reported a near four-fold hike in its net profit for the third quarter ended 31 December 2018. Net profit surged to INR329.9m from INR89.5m in the 3QF...
Cement prices rise 36-44% in Tamil Nadu
The price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former...
India cement GST cut on the agenda
India’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel ...