India: Prism Cement acquires stake in BLA Power
Prism Cement has agreed to acquire 15.23 per cent equity stake for approximately INR210m (US$3.14m) in BLA Power, which is in the sole business of generating thermal power.
India
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India: Kanodia Cement plans Bihar grinding unit
Kanodia Cement plans to set up a cement grinding unit with a
India: Ambuja Cement to expand Rupnagar grinding plant
Ambuja Cement has announced that it plans to upgrade the capacity of its grinding plant in Rupnagar in Punjab by 0.9Mta, taking its output to 3.4Mta.
India: Talavadi Cement plans new plant
Talavadi Cements, a subsidiary of Birla Corporation, is planning an integrated cement plant at Bari village, district, Satna, Madhya Pradesh.
India: Five bidders still in running for Lafarge
The Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Pir...
India: JK Cement annual profits down 35.3%
The Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the per...
India: HeidelbergCement 4Q FY16 margins up 16.5%
Operating margins of HeidelbergCement India jumped 18 per cent in the fourth quarter of FY16 compared to 16.5 per cent in the same period last year.
Ambuja Cement adds 0.9Mta to Sankrail grinding unit
India’s Ambuja Cement has added 0.9Mta of capacity to its Sankrail grinding unit near Kolkata. The INR3.38bn (US$50.2m) project was commissioned on 24 May 2016. As a result of t...
India: Prism Cement 4QFY16 profits fall 95% YoY
Prism Cement’s net profits for the quarter to 31 March 2016 fell to just INR30m (US$445,000), down 95.2 per cent YoY, reports India Infoline. Net revenues at the company rose by...
India: petition fails to stop Birla Corp and Reliance deal
Calcutta High Court justice Jyotirmoy Bhattacharya on Thursday dismissed petitions filed by a Birla faction seeking injunction in Birla Corporation's (Birla Corp) plan to buy Re...