ACC announces 19% net profit increase in 1Q18
India's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes a...
India
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Manufacturers fined for selling underweight cement bags
Two manufacturers have been fined INR24,000 (US$363.30) for selling underweight cement bags in Pulwama, south Kashmir, according to the United News of India. The bags were found...
UltraTech commissions new plant in Manawar
UltraTech has commissioned its greenfield facility in Manawar, Madhya Pradesh, with a 2.5Mta clinker capacity. The plant has reached this stage in under a year, which is record ...
Ambuja Cement ranks highly in global CDP report
India’s Ambuja Cements Ltd has been ranked as number two in the world in the latest report from the Carbon Disclosure Project (CDP). The report features 13 of the largest public...
Hazardous powder may be used in cement production
The Uttar Pradesh Pollution Control Board (UPPCB) has sent samples of a hazardous black powder to a Gujarat-based manufacturer to ascertain whether it can be used in the product...
Landed petcoke prices could increase by 6% in India
In India the landed cost of petcoke could increase by 5.6 per cent as a result of the import duty hike, reports Nirmal Bang Institutional Equities. The import duty on the fuel w...
Wonder Cement awards contract to Gebr Pfeiffer
India’s Wonder Cement has ordered two additional vertical mills from Gebr Pfeiffer, adding to the five already supplied by the company.
Indian cement industry may post flat growth in FY19
The Indian cement industry is expected to post a flat growth of approximately five per cent in FY19, despite an increase in demand and a positive outlook, according to an ICRA r...
Vicat
Vicat is to invest some EUR223m in its Indian operations. Of this, EUR60m will be spend on a 1.75Mta grinding centre at Vizianagam in Andhra Pradesh for completion by the middle...
Tamil Nadu scales down cement supply scheme
The Tamil Nadu government has recently scaled down its procurement for the ‘Amma Cement Supply Scheme’ as a result of poor sales figures, according to The Hindu. The project was...