India: Government to sell non-operational CCI units
The government of India has announced that it plans to sell off five non-operational units of the Cement Corporation of India (CCI) as the first step towards complete divestment...
India
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LafargeHolcim
The Indian subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the fourth quarter the reduction was 9.1 per cent to 5.45m, sl...
India: Prism Cement receives part-fuel requirement for 5 years
Prism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for th...
After the monsoons Premium
While the demonetisation of the Indian economy has seen cement sales significantly drop, the country’s cement producers are waiting for the positive medium-term effects of good ...
India: Ambuja net profit leaps 85% in 4Q16
LafargeHolcim-owned Ambuja Cement reported a 85.2 per cent rise in its consolidated net profit to INR2.057bn (US$30.7m) for the fourth quarter ended 30 December 2016 from INR1.1...
India: NTPC seeks partnership for new plant
NTPC Ltd, India’s largest energy conglomerate, plans to expand its business interests into the cement industry, with a view to manufacture cement using fly ash from its power st...
India: Prism results point to mild demonetisation impact
Prism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demone...
The world in 2016 and outlook for 2017
This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era ...
India: Birla sees 8% drop in 3Q income
Birla Corp reported a saw its net profit fall from INR139.9m (US$2.09m) in 3QFY15-16 to INR20.9m in 3QFY16-17.
ACC appoints Neeraj Akhoury as MD and CEO
Neeraj Akhoury took office on 7 February as new managing director and CEO of ACC.