Sanghi Industries swings to full year profit, India
India-based cement producer Sanghi Industries Ltd reported a net profit in fiscal year 2011-12 compared to a loss in the previous year as margins and sales improve in the fourth...
India
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Zuari agrees to pay lump sum in L&T dispute, India
Zuari Cement, a subsidiary of Italian cement major Italcementi, has agreed to pay a lump sum to settle an acrimonious dispute with engineering and construction company Larsen & ...
Citi Venture Capital International interested in Shriram Group investment
Citi Venture Capital International (CVCI) is reportedly holding talks to invest INR400crore in the cement unit of southern conglomerate Shriram Group, according to reports in th...
CRH to buy 51% in Jaypee's Gujarat units for INR21bn (US$378.9m)
Irish building materials group CRH is set to pick up a controlling 51 per cent stake in the cement operations of Jaiprakash Associates in Gujarat for an enterprise value of INR4...
India: protesters ask for cement factory restart
Members of the Cement Corporation of India (CCI) staged a protest outside the residence of Union Labour Minister M Mallikarjun Kharge here on Wednesday demanding that steps be t...
India's Ultratech Cement plans to raise INR2.5bn via bonds
Ultratech Cement is planning to raise INR2.5bn (US$44.84m) through five-year bonds at 9.15 per cent, a source with direct knowledge of the deal said on Thursday, according to Re...
India: Burnpur Cement signs MOU for Patratu project
Burnpur Cement Ltd (BCL), one of the largest integrated cement plants in eastern India, today signed a Memorandum of Understanding (MoU) with the Jharkhand government for settin...
India: builders protest against high cement prices
In a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the sta...
India: Chincholi to receive giant cement plant
Shiva Shankar Minerals Limited has successfully approached the government for permission to construct a 3.5Mta cement plant on 1500 acres of land at Burigpally and Ghanapur, Chi...
India: ABB to modernise Century Cement in US$18m order
Power and automation group ABB has won an order worth US$18m to design, engineer and supply integrated automation and modern electrification systems for Century Cement’s Manikga...