Cement News tagged under: india
India: Jaypee reduces northern cement supply22 April 2016, Published under Cement NewsDebt-laden Jaiprakash Associates Ltd has withdrawn itself from some of its cement markets in north India as part of streamlining its operations even as lenders continue to prod the firm to shed assets and pare debt, reports Mint. The company has drastically cut its cement supply to markets in the north, said two Delhi-based cement dealers. A spokesperson for the parent Jaypee Group confirmed that the company has chosen to withdraw from certain markets of Haryana and Delhi. "The com... |
India: Piramal invests US$38m in Gujarat cement company22 April 2016, Published under Cement NewsPiramal enterprises has invested US$38.4m in Sanghi Industries, a Kutch-based cement company with 4.1Mta capacity and plans to add a further 4Mta. Earlier in the month, Sanghi exited its corporate debt restructuring mechanism, having repaid US$40m. The firm’s capital expansion plans require a total of around US$165m. According to reports in the Hindu, the capacity addition will cost less than US$50/t. The expansion will take place at one of Sanghi's existing sites. The company has huge... |
Mobile cement app launched by OCL India22 April 2016, Published under Cement NewsDealers of OCL India Limited, the makers of Konark Cement, can now place cement orders through mobile phones. The Suvidha app has been launched as an android app in Bhubaneswar. Using Suvidha dealers will also be able to place track delivery status online, delays if any, billing details and other commercial activities. Developed exclusively for the dealers of Konark and Dalmia Cement, the app is launched with four dealers - M/s Sonu Commercial, M/s Sanjay Kumar Bijay Kumar, M/s Pradhan Ent... |
India: Beumer supplies ACC with world's highest bucket elevator21 April 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim Group, has expanded the capacity of its factory in Wadi in the south Indian state of Karnataka to 13,000tpd. The Beumer Group as main (EPC) contractor has got a repeat order on turnkey, for high-performance belt bucket elevator, type HGBW-HC 1250 x 175.3m. With a distance between centres of 175.3m, this is currently the highest in the world, claims Beumer. The enormous size of this system enables a flow rate of around 600tph to be achieved, ensured by ... |
India: local residents in favour of Jorabat cement plant21 April 2016, Published under Cement NewsPlans to set up a 500tpd cement plant near Jorabat, Assam, India, have received the support of local residents. The Pollution Control Board Assam has conducted a public hearing in the premises of Ambher LP School at 12th Mile, near Jorabat, on the issue of setting up of a proposed cement plant. The majority of the local people and residents supported establishment of the works on the condition that the plant would contract staff locally, reported the Assam Tribune. Another condition gi... |
India: LafargeHolcim sale temporarily halted by court18 April 2016, Published under Cement NewsThe sale of 11Mta of LafargeHolciim assets in India has been put on hold by India's Competition Appellate Tribunal. According to Mint an appeal has been lodged by Dalmia Cement (Bharat) Ltd. against the Competition Commission of India’s decision ordering the divestment of Lafarge India. The tribunal's decision will delay the sale process by at least three weeks, until May 9. Last week saw the close of bidding for the assets - three integrated plants and two grinding plants with a combi... |
Ten bidders chase LafargeHolcim Indian assets14 April 2016, Published under Cement NewsThe sale of LafargeHolcim's Indian operations has attracted considerable interest, with the company having received bids from 10 groups interested in buying the assets. According to India's Economic Times, JSW Cement, Blackstone and Ramco Cements have all submitted bids, while the Irish Times notes that CRH, Piramal Group and Carlyle Group are also in the running. LafargeHolcim is selling three integrated plants and two grinding plants with a combined capacity of 11Mta, valued at aroun... |
India: Cement stocks rise as demand recovers14 April 2016, Published under Cement NewsIndian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this period, the Economic Times reports, India Cements’ shares are up 23 per cent, ACC is up 18 per cent, JK Cement and JK Lakshmi Cement are up 16 per cent, Ramco Cements is up 14 per cent and Ambuja Cements is up 12 per cent. The market as a whole, as tracked by the Bombay Stock Exchange’s Sensex index, is up just 1.2 per... |
India: ACC Ltd to raise capacity to over 33Mta14 April 2016, Published under Cement NewsACC Ltd will spend about INR6000 (US$89.9m) in 2016-17 to complete its cement capacity expansion plans. ACC is building two cement units at Jamul and Sindri with a combined capacity of 2.4Mta. Following completion, the plants are expected to take the company's total capacity to 33.42Mta. "The planned capital expenditure for 2016 is about INR6000 to be used to complete the expansion plans at Jamul (in Chattisgarh) and Sindri (in Jharkhand)," Harish Badami, chief executive officer and mana... |
Chinese to build plant in Chhattisgarh11 April 2016, Published under Cement NewsJinyuan Cement Co Ltd, a subsidiary of Hong Kong Jinyuan International Development Ltd, is proposing a new cement plant in Chhattisgarh, India. “The company inked a memorandum of understanding (MoU) with the state government in Shenzhen (China) and announced to invest US$1bn to set up a cement plant in Chhattisgarh,” Subodh Kumar Singh, secretary commerce and industries, said. According to officials, the Chinese firm’s officials would visit the country to complete the remaining formali... |