India: industry targets 25% TSR by 2030
The Indian cement industry is failing to realise the potential for alternative fuels and raw material utilisation (AFR), but resolves to raise the thermal substitution rate (TSR...
India
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CRH to acquire Sree Jayajothi Cements, India
CRH has announced that its 50:50 joint venture in India, My Home Industries Limited (MHIL) has reached an agreement to acquire 100 per cent of the shares of Sree Jayajothi Cemen...
Star Cement exports clinker to Bangladesh via river route
India-based Star Cement said it has dispatched its first barge of clinker to Bangladesh via river. The company is aiming to export over 50,000t of clinker to Bangladesh every mo...
Ramco eyes Myanmar plant construction
India-based Ramco is planning to set up a cement factory in Myanmar. “Our company has been jointly working with Agro Coro International Pte Ltd to import cements from Ramco for ...
Kesoram Industries to construct 3Mta plant in Maharashtra, India
Kesoram Industries, part of the BK Birla Group, is to establish a 3Mta cement plant in Solapur in the state of Maharashtra. “The Solapur cement plant is a two-stage project. In ...
Jaiprakash Associates downgraded, India
Two brokerages have downgraded Jaiprakash Associates Ltd, days after Deutsche Bank also cut its ratings and earnings estimates for the India-based cement producer.
UltraTech first quarter hit by building slowdown
UltraTech Cement, India's largest cement producer, posted a 13.5 per cent YoY decline in its first quarter (April-June 2013), due to slowdown in home building and infrastructure...
Madras Cement quarterly net profit down 44%
Madras Cement’s net profit for the first quarter of 2013-14 dropped by 44 per cent compared to the corresponding quarter of last year.
HeidelbergCement India notes INR80m 1Q13-14 loss
Higher input costs as well as a rise in fuel and power costs pushed HeidelbergCement’s Indian subsidiary into the red. The company reported a loss of INR79.5m (US$1.34m) for the...
Holcim streamlines Indian operations
Holcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restruct...