India: government prepares CCI revival scheme
The government of India has prepared a revival scheme for the Cement Corporation of India (CCI). Approved by the government and ordered by the Board for Industrial and Financial...
India
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Competition Appellate Tribunal sets aside penalty on 11 cement companies
The Competition Appellate Tribunal of India has set aside a US$945m penalty imposed on 11 cement firms by the Competition Commission of India (CCI) on accusations of cartel beha...
Ambuja Cements appoints new CFO, India
Ambuja Cements said it has appointed Suresh Joshi as its Chief Financial Officer (CFO) with effect from February next year. In addition, Christof Haessig was appointed as an Add...
India: Jaypee Group may sell remainder of cement business
India-based Jaypee Group is to offload the remainder of its cement business with disposals expected to be concluded by March, Business Standard (India) reported citing sources f...
Promoters of the Udaipur Cement Works to sell 13.64 per cent stake
The promoters of the Udaipur Cement Works, including JK Lakshmi Cement Ltd, will sell their combined stake of 13.64 per cent in the company. The promoters of Udaipur Cement Work...
Reliance may get final bids for cement unit by year-end, India
Reliance Infrastructure is expected to get final bids from the shortlisted bidders for the sale of its cement business by 24 December 2015, according to sources close to the sal...
UltraTech Cement
UltraTech has been awarded a position on the Indian Climate Disclosure Leadership Index (CDLI) in recognition of the quality of the climate change related information it provide...
India: Shree Cement plans eastern expansion
Shree Cement Ltd is setting its sights on the eastern Indian market by establishing a grinding units in the states of Odisha and West Bengal, according to local press reports. T...
Coal prices set to fall further
Cement producers can expect to look forward to lower coal prices as world demand for the commodity is expected to fall and over-investment in mines is causing a production hike.
JSW Group to invest in port capabilities and cement capacity
JSW Group plans to invest INR40bn (US$610m) to boost its port and cement capacity in the next two years. JSW Infrastructure Ltd, plans to almost double its ability to handle car...