Indian cement demand slowed in 2024, but will rebound
Indian cement consumption expanded 6.2 per cent YoY in 2024, amounting to 444.2Mt, up from 418.1Mt in 2023. This is the slowest rate of expansion since the double-digit decline ...
India
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Union Budget praised for prioritising infrastructure expansion and affordable housing
The Cement Manufacturers’ Association (CMA) of India welcomes the Union Budget 2025-26, presented by the Honourable Finance Minister Smt Nirmala Sitharaman on 1 February. The CM...
Ambuja Cements announces volume growth of 17% in 3QFY25
Ambuja Cements Ltd has announced sustainable financial results for 3QFY24-25 (ended 31 December 2024) and 9MFY24-25. The Adani subsidiary announced cement sales volume growth in...
Nuvoco Vistas sees improving sales but EBITDA falls in 3QFY24-25
Nuvoco Vistas Corp announced its unaudited financial results for the 3QFY24-25, ended 31 December 2024, reporting a consolidated sales volume of 4.7Mt, up 16 per cent YoY. Conso...
UltraTech Cement in talks to acquire HeidelbergCement India
UltraTech Cement , the flagship company of the Aditya Birla Group, is reportedly in advanced discussions to acquire HeidelbergCement India Ltd from German cement major Heidelber...
JK Cement to buy 60% stake in Saifco Cements
India-based JK Cement Ltd announced it will acquire a 60 per cent stake in Saifco Cements , located in Khunmoh, Srinigar. The INR1.74bn (US$20.1m) deal is expected to enable JK ...
Dalmia lays out US$120m capex plans
Dalmia Bharat is set to invest around INR10bn (US$120m) in capital expenditure in the quarter ending March 2025, bringing its total spend for the current fiscal year to INR30bn ...
India explores CCUS to decarbonise cement sector
India’s cement industry, among the largest globally, accounts for approximately 5.8 per cent of the country’s total CO 2 emissions, with clinker production being the primary con...
NCL Industries reports mixed performance for 3QFY24-25
NCL Industries has reported a mixed performance across its business segments for the third quarter of FY24-25, highlighting both gains and declines across its portfolio. Cement ...
SEBI lifts block on JSW Cement's IPO application
The Securities and Exchange Board of India (SEBI) has officially lifted the suspension on JSW Cement Ltd 's initial public offering. The IPO should now follow the standard regul...