Sagar Cements reports 40% production increase
India’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furt...
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RCCPL announces grinding plant expansion
India's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project...
IBAU Hamburg launches largest automatic shipunloader
IBAU Hamburg has successfully commissioned the largest automatically unloading cement cargo ship, the Penna Suraksha, in Southeast Asia. The order will see Penna Cement of India...
Penna Cement files for an IPO for expansion plans
Penna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement'...
Udaipur Cement reports sales increase in 3Q18
India's Udaipur Cement Works has reported a contracting net loss in the 3Q18 at INR139m (US$1.903m), compared to a loss of INR234.9m in the year-ago period. Furthermore, sales i...
Saurashtra Cement reports 17% sales increase
India's Saurashtra Cement has reported a net loss of INR37.2m (US$511,786) in the quarter ending 30 September 2018, falling from a net profit of INR100.7m in the year-ago period...
Jindal Steel and Power to enter cement market
Jindal Steel and Power (JSP) plans to establish a 2Mta cement plant near its Angul steel plant in Odisha, India. The company has already purchased the land for the plant, which ...
Aditya Birla Group announces US$5bn capex plan
India's Aditya Birla Group, parent of UltraTech Cement, has announced US$5bn capex plans over the next three years for its businesses both in the domestic market and abroad. "Ou...
Ambuja Cement records 13% net profit rise for 3Q18
India’s Ambuja Cement has announced a 12.7 per cent YoY increase in consolidated net profit to INR3.96bn (US$54.08m) for the 3Q18, ended 30 September. Total income rose by 11.8 ...
India Cements to set up 1.5Mta grinding unit
India Cements Ltd is planning to establish a 1.5Mta clinker grinding unit in East Nimar district, Madhya Pradesh, at an estimated investment cost of INR3.16bn (US$42.95m). The c...