Shree Cement makes move into mining sector
Shree Cement is reportedly planning to bid for lithium mining rights in Jammu and Kashmir, as part of the company’s venture into the mining sector. According to Reuters, an esti...
Indian Subcontinent
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FCCL becomes third-largest producer in Pakistan with new plant
Pakistan’s Fauji Cement Co Ltd (FCCL) has successfully commissioned its new 2.1Mta greenfield cement plant in Shadan Lund, Dera Ghazi Khan. The new facility has boosted the comp...
UltraTech Cement eyes up Kesoram Industries
UltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is e...
Sarbottam Cement issues IPOs in Nepali first
Sarbottam Cement has become the first Nepali company to float its initial public offerings (IPOs) at the book building price. According to myRepublica, the cement producer has o...
Suitors line up for Vadraj Cement
JSW Cement , the Adani Group , and the ArcelorMittal Group are among the entities expressing an interest in acquiring India’s Vadraj Cement , according to Construction World. Va...
India: riding the growth wave Premium
India, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustaina...
Shree Cement pledges to boost share of premium products
Shree Cement plans to expand the share of premium products as part of its total sales to 12 per cent over the next six months. This compares to just 9.5 per cent in the 2QFY23-2...
JK Cement announces passing of Jitendra Singh
India’s JK Cement has announced the sudden passing of Jitendra Singh, its former chief information officer (CIO). Mr Singh suffered a heart attack on 12 November 2023, aged 56. ...
Birla Corp reports 14% revenue growth in 2QFY24
Birla Corp has reported revenue of INR22,858.3m (US$274.5m) in the 2QFY24 ended 30 September 2023. This marks a 14.3 per cent YoY increase. Net profit in the 2QFY24 came in at I...
Ramco Cements reports YoY profit advance
The Ramco Cements Ltd recorded total income of INR23,427.9m (US$281.3m) in the quarter ended 30 September 2023. This compares to INR22,489.m in the previous quarter and INR17,93...