Government of Himachal Pradesh to approve white cement mining lease
The government of Himachal Pradesh is to approve a mining lease for the set-up of a white cement plant. FCI Aravali Gypsum and Minerals India Ltd (FAGMIL), a central public sect...
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Coal India to supply cement industry through e-auctions
Coal India will supply 4.65Mta to the cement industry for five years through e-auctions starting on Tuesday, according to a senior executive at the company. Of the 4.65Mt on off...
Birla Corp plans 3.9Mta plant in Maharashtra
India's Birla Corp Ltd has announced that its RCCPL subsidiary plans to set up a 3.9Mta facility in Mukutban, Maharashtra, at an investment cost of INR24.5bn (US$356.8m). The pr...
Mangalam Cement reports net loss of INR153.2m
India-based cement producer Mangalam Cement has reported a standalone net loss of INR153.2m for the quarter ended June 2018, compared with a net profit of INR121.1m in the quart...
RHI Magnesita announces Indian merger
RHI Magnesita has announced a merger between its three companies in India, Orient Refractories, RHI India and RHI Clasil. Upon completion, the move will consolidate the group’s ...
Supreme Court exempts cement industry from petcoke import ban
India’s Supreme Court has finalised a ban on petcoke imports with exemptions for some key industrial users, including the cement sector.
Ambuja reports 27% rise in standalone net profit
India’s Ambuja Cement has reported a 27.3 per cent YoY increase in standalone net profit for the quarter ended 30 June, rising to INR4.99bn (US$72.62m) from INR3.92bn. Net sales...
ACC announces 11% YoY revenue increase in 2Q18
India’s ACC Ltd has announced an 11 per cent YoY rise in revenue to INR38.48bn (US$557.85m) in the 2Q18, while EBITDA advanced 10 per cent to INR5.4bn. Profit remained largely f...
Orient Cement plans Telangana expansion
India’s Orient Cement Ltd has received the first stage of environmental clearance for its INR20bn (US$291m) project to expand its Telangana facility. Construction to increase ca...
UltraTech to complete Century Textiles deal by February
UltraTech will issue 14m new equity shares to the shareholders of Century Textiles and Industries, which will increase its equity capital to INR2.8bn (US$42m).