The Ramco Cements Ltd scoops award for Alathiyur plant
The Ramco Cements Ltd has announced that its Alathiyur plant has been awarded “Gold Medal” in the India Green Manufacturing Challenge 2021-22 by The International Research Insti...
Indian Subcontinent
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Adani Group scouts for M&A chief
The Adani Group is looking to recruit a new chief of mergers and acquisitions, replacing Vinod Bahety, who is moving to a new role within the company. According to Financial Exp...
Bestway Cement in profit slides during FY21-22
Pakistan-based Bestway Cement Ltd has reported a 11.6 per cent decline in company profit to PKR10.239bn (US$45.9m) in FY21-22 (July 2021-June 2022) from PKR11.577bn in FY20-21. ...
Bangladesh sees imports of raw materials rise
The import of raw materials used in cement production has increased in recent months despite raw material prices increasing. In the July-August 2022 period a total of 5.12Mt of ...
Cement capacity outpaces production in Pakistan
Pakistan's cement industry saw a fall of 3.6 per cent to 48.011Mt in cement production between July 2021 to June 2022 from 49.79 Mt produced in the year-ago period, says data re...
Pakistan cement market continues contraction in August
Pakistan Cement Manufacturers Association (APCMA) estimated a decline in Pakistan cement dispatches in August and July-August 2022 (2MFY21-22) as the country experiences economi...
Morgan Stanley invests in ACC
Morgan Stanley has bought a stake in Indian cement producer ACC Ltd. According to Mint, Morgan Stanley Asia (Singapore) has purchased 941,557 ACC shares at INR2290 each, marking...
Adani Enterprises replaces Shree Cement in Nifty50 on NSE
Adani Enterprises is to be included in the headline index Nifty50 on the National Stock Exchange of India (NSE) from 30 September 2022, replacing Shree Cement . According to The...
Gujarat Sidhee Cement reports revenue fall
Gujarat Sidhee Cement Ltd (GSCL) has recorded total income of INR1.89bn (US$23.69m) in the quarter ended 30 June 2022, compared to INR2.04bn in the quarter ended 31 March 2022. ...
Shiva Cement turnover down 88%
India’s Shiva Cement has reported turnover for FY2021-22 of INR34.65m (US$433,491), down 88 per cent YoY, primarily due to the suspension of plant operations on the back of ongo...