Aditya Birla to invest INR57.5bn in cement expansion, India
Indian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state o...
India
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High Court stops cement firms from making cement under ACC trade mark
The Delhi High Court has restrained three cement companies based in Uttar Pradesh and Punjab from producing or selling their product under the trade mark of leading cement manuf...
Aditya Birla plans Karnataka cement plant, India
Aditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he exp...
Birla Corp eyes cement plant construction in Ethiopia
Birla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African c...
Indian producers consider early price reduction on monsoon
Indian cement companies are considering a reduction of INR8-10/bag later this month in anticipation of a slowdown in construction activities due to the arrival of monsoon season...
UltraTech Cement reports rise in May dispatches
UltraTech Cement Ltd dispatched 3.59Mt of cement in May, up 10.6 per cent YoY, according to a company statement. Dispatches higher than the 3.2Mt recorded in April. The country’...
Jaiprakash Associates 4Q profit down 7%, India
Jaiprakash Associates Ltd, part of the Jaypee Group, reported a decline in its net profit for the fourth-quarter, despite higher income from cement and cement products. Net prof...
Angel Broking neutral on Madras Cements, India
Angel Broking has maintained neutral rating on Madras Cements , in its May 24, 2012 research report. “For 4QFY2012, Madras Cements posted 55.5% YoY growth in its net profit to I...
Shriram to consolidate presence in Indian cement sector
Shriram EPC, a publicly held company of Shriram Group, recently entered the cement sector by acquiring majority stake in Sree Jayajothi Cements and, according senior officials, ...
Indian workers paid dues, Angola
Following a month-long dispute, most of Indian workers employed at a cement plant in Sumbe in Angola have been paid part of their pending dues while arrangements made for repatr...