UltraTech commissions 1.2Mta Magdella expansion
UltraTech Cement has commissioned its 1.2Mta brownfield capacity expansion at Magdella , Gujarat. The project takes the plant’s total cement capacity to 1.93Mta. According to th...
Indian Subcontinent
978 posts · Page 62 of 98
Cement exports from Nepal pick up
Nepal exported cement representing a value of NPR779.3m (US$5.9m) in the FY22-23, supported by the government’s provision of a cash subsidy on cement exports. The country’s gove...
Orient Cement enters agreement to acquire stake in Ardeur Renewables
India-based Orient Cement has entered into a share subscription and shareholders’ agreement with Ardeur Renewables and Cleantech Solar India on 21 July 2023 for the acquisition ...
Higher power prices send cement prices up in Pakistan
Construction costs in Pakistan are expected to rise due to a hike in industrial electricity tariffs, effective from 1 July 2023. As agreed with the IMF under its US$3bn standby ...
Dalmia Bharat sees revenue advance YoY in June quarter
Dalmia Bharat has reported its unaudited consolidated results for the quarter ended 30 June 2023, with revenue from operations coming in at INR36,240m (US$442m) over the three-m...
HeidelbergCement India reports marginal uptick in revenue
HeidelbergCement India has reported revenue of INR5956.4m (US$72.5m) in the first quarter of FY2023-24 ended 30 June 2023. This is up marginally on the INR5898m seen in the same...
India's CMA appoints new president
India’s Cement Manufacturers’ Association (CMA) has appointed Neeraj Akhoury, managing director at Shree Cement Ltd , as its new president, and Parth Jindal, managing director o...
Prism Johnson transfers land and mining lease to Ramco Cements
Prism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 ...
Sri Lanka agrees maximum price for cement
Cement producers in Sri Lanka have reached an agreement with the country’s Minister of Trade, Nalin Fernando, to establish a maximum retail price for a 50kg bag of cement. Accor...
LIC reduces stake in India Cements Ltd
India-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and Jul...