Cement News tagged under: india
India: OCL in talks to buy Shiva Cement's Orissa plant13 October 2016, Published under Cement NewsShiva Cement is in talks with OCL India among others to sell its integrated cement plant in Orissa, according to the Financial Express. Shiva Cement shares surged as much as 15.68 per cent and hit their fresh 52-week high in morning trade. For the quarter ended 30 June 2016, the company registered a net loss of INR1390m (US$20.7m) against net profit of INR0.430m in the corresponding quarter a year ago. Net sales of the company decreased by 49.67 per cent YoY to INR8150m for the quarter... |
India: Sagar Cement reviews expansion plans13 October 2016, Published under Cement NewsSagar Cement is reportedly convening a meeting of its Board of Directors on 19 October. The meeting will address proposals for setting up a coal-based power plant at the company’s unit in Mattampally, Nalgonda district, and the capacity expansion of the grinding unit in Bayyavaram, Visakhapatnam district. The capacities for the two plants in question were not disclosed in the company’s statement. The company’s 2015-16 annual report states that Sagar plans to acquire a 181,500tpa grinding ... |
India: Orient Cement will increase debt with acquisition11 October 2016, Published under Cement NewsThe interest burden of Orient Cement is expected to increase following the acquisition of the cement assets of Jaiprakash Associates, valued at INR19.5bn (US$291.48m). The acquisition will, however, help the company's geographical diversification, reports the Economic Times. Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. The enterprise value for the Bhilai asset is US$98/t and the Nigri unit is US$37/t. The deal also includes th... |
India: Sagar Cement sales rise 29% on consolidated basis07 October 2016, Published under Cement NewsSagar Cement has announced its sales and production figures for September, which saw the former rise by 29 per cent on a consolidated basis, but fall by 15 per cent on a standalone basis, Accord Fintech reports. Consolidated sales amounted to 148,000 tonnes, while standalone sales reached 98,000 tonnes. Production for September was 146,000 tonnes, while standalone production was 94,000 tonnes. For the period April to September 2016, Sagar produced 1.09Mt on a consolidated basis and 0.7... |
India: production to resume at Malabar Cements07 October 2016, Published under Cement NewsMinister of Industry, E P Jayarajan, announced that Malabar Cements will resume operations his month. Production was halted on 10 September 2016 as a result of raw materials shortage. Mr Jayarajan said that laterite would be sourced from Kasaragod and limestone purchased from Rajasthan. Production at the company suffered after the then Managing Director, K Padmakumar, was removed from his post following his arrest in a corruption case. The company has had 10 cases of alleged corruption fi... |
India: Ruling BJP party leader calls for Pakistan cement ban06 October 2016, Published under Cement NewsSubramanian Swamy, leader of the BJP, has called on his colleague, Prime Minister Narendra Modi, to ban the import of cement from Pakistan, the Economic Times reports. "I request you to ban import of cement into the country not only in the interest of growth and sustenance of domestic cement industry but also in keeping with the imperatives of national security. Ban of import from Pakistan will be in the interest of the country's security in the present juncture," Mr Swamy said in a lette... |
India: Shree Cement begins work on Gulbarga plant05 October 2016, Published under Cement NewsShree Cement has begun construction work on a new integrated cement plant sited in the Gulbarga district of Karnataka. The project, first announced in 2012, will see the creation of a 3.8Mta limestone mine, and have the capacity to produce 2.4Mta of clinker and 3.0Mta of finished cement. The project will also include a 40MW coal-based captive power plant, and is expected to take around 18 months to complete. |
India: land acquisition underway for 3Mta Jaykaycem plant05 October 2016, Published under Cement NewsJaykaycem (Central), an associate company of JK Organisation, is planning a 3Mta integrated cement plant near the villages of Devra, Puraina and Sotipura, Madhya Pradesh district, India. The two phase project will consist of a 2.64Mta clinker section, plus the cement grinding plant and a 40MW captive power plant and a 15MW WHR-based power plant. Land acquisition is in progress and the project is waiting for environmental clearance. The estimated cost of phase-I is INR27,743.4m (US$416... |
India: Alstom grinding plant erection to start by the end of 201605 October 2016, Published under Cement NewsAlstom Industries, a part of JDB Group, is planning a cement grinding unit at Village Baghjap, Morigaon district, Assam, India. The unit will produce 1000tpd of PPC & OPC cement. The cost of the project is INR450m. Environmental clearance has been received and 15 acres land has been acquired and acquisition of another 10 acres land is in progress. The project has been postponed due to issues in environment department. Work on the project is expected to commence in December 2016 and ... |
India: calls to assist cement plants in energy conservation04 October 2016, Published under Cement NewsExecutive director of Dalmia Cement, R A Krishnakumar, has called for a special package of concessions, particularly in taxes, for cement factories in an attempt to encourage them to adopt energy conservation measures. Mr Krishnakumar said at the second ‘Energy efficiency technologies in cement and manufacturing sector’ conference organised by the Confederation of Indian Industry that there had been a marked improvement in the cement industry bringing in efficiency measures through the ad... |