India invites expressions of interest for CCI units
The government of India has announced plans to sell four non-operating units of state-owned Cement Corporation of India. “Cement Corporation of India has started the sale proces...
India
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UltraTech poised for Jaiprakash's Gujarat units
UltraTech Cement is said to be in advanced stages of discussions to acquire the Gujarat-based cement units of Jaiprakash Associates, local media have reported. Sources familiar ...
India Cements unit is ordered to close
The Pollution Control Board (PCB) has ordered the closure of India Cements Ltd's Yerraguntla plant and initiated action against four more cement factories in Kadapa district, fo...
India: delayed asset sale could help Jaiprakash Associates
To overturn its spiralling debts, Jaiprakash Associates (JA) has been actively seeking to sell off its 4.8Mta cement plant in Gujarat. The release of such assets is seen as a ne...
Cherat Cement earns INR1.22bn
There were mixed reactions to Cherat Cement's FY13 results. JS Global said it was below expectations, while analysts at AHL Research thought the earnings were "respectable". Che...
Cement makers hit by infrastructure slump in emerging markets
Cement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s building...
Cost cuts help Holcim 2Q net profit edge ahead
Holcim has reported a slight increase in 2Q net profit as cost cuts helped boost profitability but weaker demand in India, Canada and Mexico fell short of expectations. Holcim a...
India Cements reports fifth consecutive quarterly drop in net profit
India Cement has reported its fifth consecutive quarterly drop due to forex losses and a lower pricing environment. Net profit for the first quarter of the current fiscal declin...
Bids for Cement Corp of India units invited
SBI Capital Markets has invited global bids to sell state-run Cement Corp of India Ltd's four non-operating units through an e-auction process.
Dalmia in advanced stage of new plant commissioning, India
Dalmia Cement is in advanced stages of commissioning its new cement plant at in north Karnataka, as the company plans to lift capacity to 19Mta. The new 2.5Mta cement works in Y...