India

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India: average price declines in December

India: average price declines in December

The average cement price in India declined by 7.3 per cent YoY in December mainly due to weak demand, according to a report by Reliance Securities published in the Economic Time...

Jaypee Group’s cement assets up for grabs

Jaypee Group’s cement assets up for grabs

Jaypee Group is planning for an outright sale of its 20Mt portfolio of cement assets worth an estimated INR190 (US$2.86bn) enterprise valuation. UltraTech, Dalmia Bharat backed ...

Ramco to establish new Odisha grinding unit

Ramco to establish new Odisha grinding unit

Chennai-based Ramco Group is planning to establish a 0.9Mta cement grinding plant at Choudwar, district Cuttack, Odisha in eastern India on the Bay of Bengal. The estimated cost...

UltraTech Chhattisgarh mine plan hits hurdle

UltraTech Chhattisgarh mine plan hits hurdle

The government of the central Indian state of Chhattisgarh has cancelled a no objection certificate (NoC) to UltraTech Cement for a limestone mine in Raipur district. The state ...

UltraTech Cement

UltraTech Cement, along with 10 other companies, was given a reprieve earlier this month when a US$945m fine issued by the Competition Commission of India (CCI) for cartelisatio...

Pakistan gypsum shortage concern

Pakistan gypsum shortage concern

As Pakistan’s cement consumption rises, the country’s cement producers have voiced their concerns about dwindling reserves of gypsum and unchecked exports of the raw material to...