India: JSW Cement takes 37% stake in Shiva Cement
JSW Cement has bought out the promoters of Odisha-based Shiva Cement, acquiring 37.15 per cent of the latter’s equity, the Economic Times reports. "The share purchase agreement ...
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India: Dalmia and Nagaur limestone blocks awarded
The government auction of the 3B1A Limestone Block in Zayal, Nagaur, India, has awarded the block to Emami Cement, which paid INR51bn (US$746m) for the 125t concession.
India: JSW Cement acquiring controlling stake in Shiva Cement
JSW Cement Ltd is to buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32 per cent from the company's public equity sh...
India: Burnpur Cement blames demonetisation for repayment failures
Burnpur Cement has declared its inability to repay bank loans on Saturday due to demonetisation as its repayments had turned “irregular” with lenders because of “depressed” mark...
Shree Digvijay Cement Co awaiting environmental clearance for Pachhtardi
Shree Digvijay Cement Co is currently awaiting environmental clearance for the 0.35Mta (ROM) Pachhtardi limestone mining project near Pacchtardi village in Taluka Bhanvad, Gujarat.
India: Sagar Cements sees sales dip in December
In a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which inc...
India: Dalmia Cement wins limestone concession auction
Dalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the lime...
India: Petron Engineering receives LoI from Shree Cement
Petron Engineering Construction has received a Letter of Intent (LoI) from Shree Cement for the civil works including plant building, silos and miscellaneous work at the cement ...
India: higher petcoke prices will hit cement companies
A near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sect...
India: demonetisation stalls Indian cement recovery
Cement demand is unlikely to recover for another year due to demonetisation and an increase in prices for diesel and pet coke that has placed cost pressures on most cement maker...