Cement News tagged under: india
India Cements to upgrade Tamil Nadu works23 June 2014, Published under Cement NewsIndia Cements plans to upgrade and expand capacity of its cement plant in Salem, Tamil Nadu state, India. The company will optimise the existing kiln and add a new line. It has sought environmental clearance and once this is in place the project will be able to proceed, according to sources cited by Hindu Business Line. |
Improving demand outlook for southern India20 June 2014, Published under Cement NewsCement demand in southern India is expected to witness stronger rates of growth in the current fiscal led by infrastructure projects in Andhra Pradesh, a new report has forecast. Southern Indian consumption is expected to rise by 5-7 per cent in FY15 compared to one per cent YoY growth in FY14, a report by Karvy Broking said. The improved demand scenario will initially will be from infrastructure projects as political stability has set in the Andhra Pradesh (AP) region, Rajesh Kumar Rav... |
India: NMC plans second phase of cement roads17 June 2014, Published under Cement NewsFollowing directives from India's Minister for Shipping, Road Transport and Highways, Nitin Gadkari, Nagpur Municipal Corporation (NMC) has started to plan the second phase of cement concrete roads at an expense of INR1250m (US$207.5m) despite the fact that over 80 per cent work on the first phase is yet to be taken up. NMC sources say work on 4.5km of total target of 26km concrete roads has been completed in last three years despite a deadline of two years. Ruling party leader Praveen Dat... |
India: Telangana Government seeks cement price cuts17 June 2014, Published under Cement NewsOn Monday, the Telangana Government in southern India asked local cement companies to reduce prices. Chief Secretary to the Government, Rajiv Sarma, had asked the firms to rationalise the price in line with the demand. It may be noted that cement prices rose sharply after the formation of the new government in the centre and the two states and is hovering around INR280/bag (US$4.7) at present, marking an increase of INR60-80 in the last three weeks. According to sources, the industry capta... |
Lafarge and Holcim to make portfolio decisions in India16 June 2014, Published under Cement NewsHolcim Ltd and Lafarge SA may sell some assets in India to clear the competition hurdle and are considering units in Rajasthan and Chhattisgarh where the two companies have common presence. Holcim operates in India through Ambuja Cements Ltd and ACC Ltd, and Lafarge through Lafarge India Pvt Ltd. Lafarge runs units in Chhattisgarh, Jharkhand, Rajasthan and West Bengal while ACC and Ambuja Cements own integrated plants in Rajasthan and Chhattisgarh, among other places. "In states where ... |
India: UltraTech completes deal to buy Jaypee Cement13 June 2014, Published under Cement NewsJaypee Cement Corporation unit in Gujarat, India, will come into UltraTech Cement's possession following approval for the acquisition from the Bombay and Ahmedabad High Courts. The deal includes the 4.8Mta cement plant with a 57.5MW coal-based thermal power plant, limestone reserves for over 90 years and a captive jetty at Sewagram for an enterprise value of INR38000m (US$637.8m). The company has already received the approval of capital market regulator SEBI, shareholders and creditors. As... |
India: Cargotec enters partnership with Citec13 June 2014, Published under Cement NewsCargotec and Citec are forming a partnership in India, where Cargotec transfers its local engineering centre and its 110 employees in Pune to Citec. "This is a significant step for our operations in India, and it also provides great business opportunities elsewhere. We are ready to serve Cargotec proactively according to our strategic intent, with smart engineering solutions and a wide competence," says Martin Strand, CEO, Citec. Finnish-based Citec is an international multi-disciplin... |
New ACC chief executive officer appointed12 June 2014, Published under Cement NewsACC Ltd, part of the Holcim group, said on Wednesday that it had appointed Harish Badami as the chief executive officer (CEO) and managing director (MD) of the company. In a statement filed to the exchanges, the company said Mr Badami will take over from Kuldip Kaura, the incumbent CEO and MD, as of 13 August 2014 for a period of five years. ACC is India's second-largest cement producer. |
UltraTech in talks to buy further Jaiprakash assets11 June 2014, Published under Cement NewsUltraTech Cement is reportedly in talks to buy further cement assets from Jaiprakash Associates, two sources with knowledge of the matter have told local press. The talks are centred on UltraTech acquiring Jaiprakash’s Rewa complex in Madhya Pradesh, to help the latter company reduce its debt burden. Last year, UltraTech agreed to buy Jaiprakash’s cement assets in Gujarat which have a cement capacity of 4.8Mt. |
Shree plans 3Mta Odisha grinding plant, India09 June 2014, Published under Cement NewsShree Cement plans to establish a 3Mta cement grinding mill in Dhenkanal district, Odisha state. The Rajasthan-based company wants to use fly-ash generated from the nearby power plants at the cement mill. “The proposed location at Odapada would be ideal for the cement grinding unit as the ash generated from industries in the locality such as Bhushan Steel, GMR (Kamalanga), Lanco Badbandh Power and Navabharat Ventures can be effectively utilised by the proposed unit for producing cement,” sa... |