Chettinad Cement to invest in power project, India
Indian cement producer Chettinad Cement is planning to invest around INR1300 crore by way of equity in associate company Chettinad Power Corp, which is to use the funds to set u...
India
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Indian producers appeal fine, India
A total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling.
Holcim: realising growth potential whilst cutting costs
Holcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zur...
Mangalam Cement appoints CFO, India
Mangalam Cement has informed the board of directors at a meeting held on 3 September 2012, that Anil Kumar Mandot, joint president (Commercial), has been appointed as the chief ...
Deutsche upgrades India Cements to buy
Deutsche Bank has upgraded India Cements to "buy" from "hold", while cutting its target price to INR106 from INR120, citing favourable risk-reward on attractive valuations and i...
Pakistan capacity utilisation drops to 10-year low
Capacity utilisation of the Pakistan cement industry declined to 68.29 per cent in the first two months of the current fiscal (FY12-13), the lowest level in a decade figures fro...
Indian cement capacity seen reaching 349.6Mt in FY13
Indian cement production capacity is expected to rise to 349.6Mt in the current fiscal year (FY13) from 336.1Mt reached in the last fiscal. "The projected demand and capacity to...
Reliance Infrastructure set to start output from Maharashtra unit
Reliance Infrastructure Ltd (R-Infra) is set to begin producing cement from its grinding facility in Maharashtra this month and will sell it under the Reliance Cement brand.
UltraTech on track to raise capacity by 19% next year
UltraTech, India’s leading cement producer, said it will raise capacity to 62Mt by next year, according to its chairman, as he warned that the outlook for the domestic sector re...
Shree puts Karnataka project on hold, to expand Rajasthan works
Shree Cement has decided to put its Karnataka project on hold following issues with land acquisition and now plans to expand its Rajasthan cement works.