India: JSW Cement to go public by FY19
Parth Jindal, managing director of JSW Cement, has told the Deccan Herald newspaper that his company will issue its first public shares when it reaches 20Mta capacity.
India
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India: UltraTech cement profits up 25%
UltraTech Cement reported that for the quarter ending 30 September its profits rose 25.27 per cent YoY. A consolidated net profit of INR6.14bn (US$92.1m) was announced for the J...
India: JSW Cement capacity expansion by 2020
JSW Cement announced plans to expand its production capacity to 30Mta by 2020. According to Director and CEO of JSW Cement, Anil Kumar Pillai, an investment of INR27bn (US$404.3...
J K Cement: Indian cement demand to grow 7% in FY17, 8% in FY18
J K Cement expects the government’s infrastructure push to drive cement demand in India in the next two years.
India: OCL in talks to buy Shiva Cement's Orissa plant
Shiva Cement is in talks with OCL India among others to sell its integrated cement plant in Orissa, according to the Financial Express. Shiva Cement shares surged as much as 15....
India: Sagar Cement reviews expansion plans
Sagar Cement is reportedly convening a meeting of its Board of Directors on 19 October. The meeting will address proposals for setting up a coal-based power plant at the company...
India: Orient Cement will increase debt with acquisition
The interest burden of Orient Cement is expected to increase following the acquisition of the cement assets of Jaiprakash Associates, valued at INR19.5bn (US$291.48m). The acqui...
India: Sagar Cement sales rise 29% on consolidated basis
Sagar Cement has announced its sales and production figures for September, which saw the former rise by 29 per cent on a consolidated basis, but fall by 15 per cent on a standal...
India: production to resume at Malabar Cements
Minister of Industry, E P Jayarajan, announced that Malabar Cements will resume operations his month. Production was halted on 10 September 2016 as a result of raw materials sho...
India: Ruling BJP party leader calls for Pakistan cement ban
Subramanian Swamy, leader of the BJP, has called on his colleague, Prime Minister Narendra Modi, to ban the import of cement from Pakistan, the Economic Times reports. "I reques...