India: Ramco given go ahead for power plant upgrade
Ramco Cements has received a boost to its share price after it was given environmental clearance to expand the power plant at one of its facilities.
India
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India: two new projects announced
Birla Group’s Mangalam Cement and Absolute Cement & Polymers have unveiled plans to increase capacity at existing plants in India.
India: UltraTech concludes Jaypee deal
UltraTech Cement has struck a deal to obtain the cement assets of Jaypee Group with a last-minute increase in acquisition price on Monday.
India: Ramco expands Tamil Nadu power plant
The Environment Ministry of India has given Ramco Cements environmental clearance to expand its captive power plant (CPP) at Alathiyur in Tamil Nadu, at a cost of approximately ...
Deadline day reached for Lafarge India bids
Today (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domest...
India: Jaypee Group debts threaten cement unit sale
Creditors of Indian conglomerate Jaypee Group have invoked debt restructuring provisions that allow them to convert loans into equity, turning them into the firm’s majority shar...
India: ICRA forecasts cement demand to rise 6% in FY17
Indian-based ratings agency ICRA has forecast that domestic cement demand will rise by six per cent in the 2016-17 financial year, the Economic Times reports. It’s assessment fo...
Sagar Cements acquires grinding unit from Toshali Cements
Sagar Cements announced the acquisition of a grinding unit owned by M/s Toshali Cements Pvt Ltd for INR600m (USD8.88m).
India: Prism Cement secures fuel supplies
After a successful bid, Prism Cement Ltd is set to receive 120,000tpa of coal from South Eastern Coalfields (SEC), a subsidiary of Coal India Ltd (CIL).
India: Dalmia in Bengal
Dalmia Bharat is planning to further increase its presence in Bengal, India. The company has been present in the region for the last two years through its cement unit near Salbo...