What to make of Holcim's Indian exit?
Holcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement se...
India
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UltraTech Cement opens second clinker line at Hirmi
UltraTech Cement , the country’s largest cement producer, has added 2.7Mta of capacity by commissioning a second clinker line at Hirmi Cement plant in Chhattisgarh. The company ...
Star Cement posts net profit rise
Star Cement Ltd saw a 24.2 per cent advance in revenues to INR7.49bn (US$96.6m) in the January-March 2022 quarter from INR6.03bn in the corresponding period of the previous year...
Government looks to dispose of Adilabad cement plant
It may soon be the end for the Cement Corporation of India ’s Adilabad plant as the government has taken initial steps for its disposal. Online electronic bids are being invited...
Adani Group acquires Holcim India
Adani Group has agreed to purchase Holcim India for CHF6.4bn (US$6.37bn). The deal includes Holcim’s 63.11 per cent stake in Ambuja Cement, which owns a 50.05 per cent interest ...
Dalmia Cement (Bharat) Ltd will expand Belagavi cement plant
Dalmia Cement (Bharat) Ltd is expanding its existing manufacturing plant at Belagavi in north Karnataka by investing INR3000m (US$38.3m). The company expects the investment to c...
JSW Group to submit bid for Holcim India
JSW Group has revealed plans to submit a US$7bn bid for a controlling stake in Holcim’s India assets. Holcim currently holds a 63.1 per cent share in Ambuja Cements and a 4.48 p...
Dalmia Bharat Ltd records rising sales volumes of 22.2Mt in FY22
Dalmia Bharat Ltd reported its FY22, for the period ending 31 March 2022, with sales volumes reaching 22.2Mt compared to 20.7Mt in FY21. The company’s EBITDA totalled INR112,860...
India champions blended cements
India's production of ordinary Portland cement (OPC) continues to fall as the manufacture of blended cements, such as Portland pozzolana cement (PPC), Portland slag cement (PSC)...
Tamilnadu Cements to build new grinding unit
Tamilnadu Cements has revealed plans to build a new grinding plant at Alangulam, in Tenkasi district, Tamil Nadu, India. The new unit, which will cost US$5.23m, will serve the n...