Tamil Nadu launches subsidised cement to market
The government of Tamil Nadu government has rolled out the 'Amma Cement' brand, which will be sold at subsidised rate on the local market.
India
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India: NHAI supported highways to use cement
Union Transport Minister Nitin Gadkari said all new highway projects supported by National Highway Authority of India (NHAI) will use cement concrete. Gadkari said that the curr...
Further disposals on the cards for Jaiprakash?
Jaiprakash Associates Ltd may divest of two further cement units, channel checks by Mumbai broker Prabhudas Lilladher indicate.
JK Lakshmi commissions Chattisgarh works, India
JK Lakshmi Cement has commissioned its cement plant in Chhattisgarh and is now looking to serve eastern Indian states from the 3.5Mta works. The integrated plant, situated in Du...
India Cements board approves funding proposal
The Board of India Cements has approved a proposal to raise INR500 crore through qualified institutional placements or foreign currency convertible bonds to meet capital expendi...
Holcim and Lafarge select future executive committee
Holcim and Lafarge have selected the future executive committee to head the combined company after completion of the merger. In the new set-up, Bruno Lafont, as CEO, will head u...
UltraTech Board approves Jaiprakash Associates MP acquisition
The Board of Directors of UltraTech have approved in principle the acquisition of the Madhya Pradesh assets of Jaiprakash Associates Ltd, which represents an entreprise value of...
India: CMA calls for lower tax on cement
India’s Cement Manufacturers Association has urged the government to lower the overall tax on cement by 20-25 per cent. In a pre-Budget representation, the industry body said de...
India Cements: INR370kg/bag isn't viable
Producing cement in southern India at the current price of around INR370 (US$5.83)/50kg is not viable, according to N Srinivasan, India Cements' vice-chairman and MD. Against a ...
UltraTech reportedly in talks to buy further Jaiprakash units
UltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The c...