Adani Group in talks with more lenders over acquisition loan
The Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Amb...
Indian Subcontinent
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Sri Lanka raises import tax on cement
The Sri Lankan government has increased the import tax (CESS) on imported cement. With effect from 17 June 2023, the import tax on 1kg of artificially coloured or uncoloured cem...
Shree Cement announces further expansion plans
Shree Cement has announced a new round of capacity expansions, which will take the company’s total cement production capacity to 55.9Mta. The cement producer currently runs 46.4...
Shree Digvijay halts production due to cyclone
Shree Digvijay Cement Co has reportedly halted production at its 1.2Mta Digvijaygram integrated plant in Gujarat, India, due to a cyclone. Tropical cyclone Biparjoy made landfal...
Shiva Cement inaugurates Sundergarh mill
India-based Shiva Cement , part of JSW Cement , has inaugurated its new cement plant in Sundergarh, Odisha. The new plant has an overall capacity of 1.05Mta as well as an additi...
Kesoram Industries banks on blended cement for future growth
Indian cement producer Kesoram Industries has reported a loss of INR1160m (US$14.2m) in the year ended 31 March 2023 (FY22-23), down from INR1300m in the same period a year earl...
JK Lakshmi to ramp up capacity to 30Mta by 2030
JK Lakshmi Cement has announced plans to invest INR80,000m (US$972m) over a six-year period to increase its cement production capacity to 30Mta. According to Business Line, the ...
Adani Group in talks to refinance loan
India's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg New...
BCMA calls on government to lower customs duty on clinker
The Bangladesh Cement Manufacturers Association (BCMA) has urged the country’s government to reduce the customs duty on clinker. Cement producers are currently required to pay a...
Shun Shing announces new top management appointments
Shun Shing Group International Ltd has recently appointed Group MD Ikram Ahmed Khan as chairman of its operations in Bangladesh. The company also appointed S Raihan Ahmed as vic...