India

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Birla Corp to raise capacity to 27.6Mta

Birla Corp to raise capacity to 27.6Mta

Birla Corp Ltd, part of the M P Birla Group, is planning to raise its production capacity to 27.6Mta by 2028-29 through the addition of new clinker and grinding plants, Chairman...

Vedanta top bidder for debt-ridden JAL

Vedanta top bidder for debt-ridden JAL

Vedanta Group has emerged as the top bidder for debt-laden Jaiprakash Associates Ltd ( JAL ), offering INR125.1bn (US$1.5bn) in a challenge auction held on 5 September. The bid ...

India's GST reduced to ease construction costs

India's GST reduced to ease construction costs

The government has reduced the GST on cement from 28 to 18 per cent, effectively reducing the cost of one of the key building material inputs. It is expected that the step will ...

Rate cuts put pressure on Indian cement industry

Rate cuts put pressure on Indian cement industry

India’s Goods and Services Tax (GST) Council, the federal body that decides indirect tax rates, has cut the levy on cement from 28 per cent to 18 per cent under the new GST 2.0 ...

Nuvoco Vistas to Invest in grinding expansion

Nuvoco Vistas to Invest in grinding expansion

Nuvoco Vistas Corp , the cement arm of the Nirma Group, announced on Monday a substantial investment of INR2000m (US$22.7m) to boost its cement grinding capacity by 4Mta. The ex...