Cement News tagged under: india
Emami Cement places order with Gebr Pfeiffer for five mills14 March 2014, Published under Cement NewsGebr Pfeiffer SE and its Indian subsidary Gebr Pfeiffer (India) has received a contract from Kolkata-based Emami Cement Ltd for four MVR mills and an MPS mill for coal grinding. Emami Cement, a newcomer to the cement industry, is setting up a greenfield cement works in Chhattisgarh state. The Gebr Pfeiffer order covers an MVR 6000 R-6 roller mill with an installed drive power of 6700kW for raw material grinding. This mill is designed to yield 610tph of raw meal, with the difficult-to-g... |
Fitch Affirms Holcim rating, outlook stable13 March 2014, Published under Cement NewsFitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Swiss cement major of Holcim as at BBB. The outlook is stable. The ratings agency said the affirmation reflects Holcim's leading market positions as one of the world's largest cement producers and its improving financial profile. The group reduced leverage to 3.5x in 2013 from 4.2x in 2011 (on a fully consolidated basis), supported by in excess of CHF1bn in non-core net asset disposals over the past two years. Earning... |
Chettinad to acquire stake in Anjani Portland13 March 2014, Published under Cement NewsChettinad Cement Corp Ltd has entered into a share purchase agreement to acquire up to 61.74 per cent stake in Hyderabad-based Anjani Portland Cement Ltd for INR700m from the promoters of the company. The deal has been struck at INR 61.75/share. It has also initiated an open offer as per SEBI takeover norms. Chettinad Cement has said that its agreement with promoters of Anjani Portland has a built-in flexibility to ensure that its holding is limited at 75 per cent, the maximum allowed for... |
Sonadih plant wins Safety, Health and Environment award, India12 March 2014, Published under Cement NewsLafarge India's Sonadih cement plant has been awarded the Safety, Health and Environment' (SHE) Award under the large-scale industry category by the Confederation of Indian Industries (CII), Eastern Region. The Lafarge India team was recognised for implementing initiatives like leadership, empowerment of its plant team, engagement programmes with employees and contractors, on-site practices, internal mechanisms, strategic vision and Industrial Safety, Health and Environment objectives at t... |
Chettinad Cement in acquisition talks - report10 March 2014, Published under Cement NewsChettinad Cement is to acquire Anjani Portland Cement, according to local press reports. Citing sources familiar with the situation, Business Line India reported that the deal is expected to be formalised soon. The acquisition would give Chettinad Cement a company a significant presence in the Andhra Pradesh market. Anjani Cements has over 1.2Mta capacity in its two plants in Nalgonda district of Andhra Pradesh. It also has plans to establish a greenfield unit in Karnataka. |
Reliance begins serving the Uttar Pradesh market10 March 2014, Published under Cement NewsReliance Cement has expanded its footprint in the Indian market by launching its products into Uttar Pradesh. Commenting on the developments, Arvind Pathak, CEO Reliance Cement, said: “Uttar Pradesh is one of the largest cement consuming states in the country with total consumption of around 26Mta. With the ever increasing industrial activities, real-estate, construction and infrastructure, in addition to the onset of various Special Economic Zones (SEZs) being developed in Uttar Pradesh th... |
India: Reliance Cement gets Himachal Pradesh plant go-ahead05 March 2014, Published under Cement NewsReliance Cement has received approval from the Himachal Pradesh State Level Window Clearance and Monitoring Authority to set up a new cement plant in the northern Indian state. The project is to be set up in the Chopal area of Shimla district. |
India sees rise in average nationwide price04 March 2014, Published under Cement NewsCement prices in India increased throughout the country with the exception of the south due to high inventories in the region. On the other hand, prices in the north saw the highest increases due to supply constraints. A report by Money Control (India) stated that the national price was INR304/bag in February compared to INR294/bag the month before. The February increment is the second consecutive monthly increase. Overall, cement prices in the country increased by INR10/bag. Prices i... |
Dalmia's Belgaum plant set to lift group capacity to over 20Mta03 March 2014, Published under Cement NewsDalmia Cement Bharat is set to commission its greenfield cement works in Belgaum, Karnataka, in five months, taking total group capacity to over 20Mta. The 2.5Mta plant, situated in Yadwad village, Gokak taluk, will cater to the Karnataka region, Business Line India, reports. “The new plant when commissioned will augment our overall manufacturing capabilities, and expand our annual production capacity from 17Mta to 21.8Mta,” the company said. To build the Belgaum plant, Dalmia Cement ha... |
Ambuja to resume mining operations in Himachal Pradesh, India26 February 2014, Published under Cement NewsAmbuja Cements is set to resume mining operations in Himachal Pradesh after the High Court granted a stay on the Ministry of Environment and Forest’s (MoEF) suspension order which was issued at the beginning of February 2014. "...the High Court of Himachal Pradesh has granted a stay on the order issued by the Ministry of Environment and Forest and accordingly, mining operations at Himachal Pradesh plants would now be resumed," the Holcim group company said in a Bombay Stock Exchange filing.... |