L&T Construction wins order for cement plants
The Building and Factories sector of L&T Construction has won orders worth a total of INR40.33bn (US$592.74m) in the Indian domestic market, according to a BSE filing. This incl...
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UltraTech set to acquire Century Textiles' cement business
UltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central m...
UltraTech Cement secures Madhya Pradesh limestone reserves
Aditya Birla group firm UltraTech Cement said it has acquired the Deora-Sitapuri-Udipyapura limestone mining block in Madhya Pradesh (MP). UltraTech Cement said the land is in c...
The CMA calls on the government to lower tax on cement
India's Cement Manufacturers' Association (CMA) has argued that cement should be brought under the lowest Goods and Services Tax (GST) slab. It currently attracts 28 per cent, t...
JK Lakshmi reports 62% rise in standalone net profit
JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cen...
Mangalam Cement records 8% sales increase in FY18
India’s Mangalam Cement Ltd has reported a one per cent YoY increase in net sales for the quarter ending 31 March 2018, rising to INR3.102bn (US$45.76m) from INR3.072bn. Net pro...
JK Cement doubles net profit to INR964.5m
JK Cement's net profit more than doubled to INR964.5m (US$14.2m) for the fourth quarter ended March 2018. The company had posted a net profit of INR425.7m in the same quarter of...
LafargeHolcim replaces 17km-long conveyor
LafargeHolcim Bangladesh Ltd has completed the replacement of its 17km-long conveyor belt in an effort to reduce noise emissions. The belt was originally installed in 2004 and c...
Star Cement receives government subsidies to reduce debt
Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt.
Sanghi Cement gets environmental clearance for Abdasa
Sanghi Cement has received environmental clearance for its capacity expansion project at Abdasa, Kutch district, India.