India

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JSW Cement to bid on Binani Cement

JSW Cement to bid on Binani Cement

JSW Cement Ltd will partner with a global equity firm to bid for Binani Cement, according to The Hindu BusinessLine. It is expected that as many as 11 industry players, includin...

Beumer launches new product to Indian market

Beumer launches new product to Indian market

Beumer India Pvt Ltd launched its new cement packing machine to the Indian market at an event held at the company’s production facility in Gurgaon last month. The machine was un...

Sagar Cement sees 65% sales increase

Sagar Cement sees 65% sales increase

Sagar Cement (SCL) saw a 65 per cent rise in sales in December 2017 as the India-based company reported sales of 254,348Mt, compared with the year-ago period.

ACC Ltd expects demand to stay on course in 2018

ACC Ltd expects demand to stay on course in 2018

ACC Limited expects demand for cement in India to stay on course in the coming year. In its outlook for 2018, the company stated how the plans by the Government of India to boos...

Dalmia Bharat to acquire Murli Industries

Dalmia Bharat to acquire Murli Industries

Dalmia Bharat is set to acquire the bankrupt Murli Industries, according to The Economic Times. The deal represents an investment of close to INR4bn (US$62.4m) by Dalmia. The co...

Coal price to come down, freight rates to harden

Coal price to come down, freight rates to harden

Chinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's po...

Indian cement prices to increase by January

Indian cement prices to increase by January

Cement prices in India are expected to increase by INR3-4/bag by mid-January as the government has decided to hike the import duty on petcoke from the current 2.5 to 10 per cent.