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...
Indian Subcontinent
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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 ...
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...
Cement prices in India face further rise
Following the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13 per cent. In the last six...
UltraTech Cement preferred bidder for Karnataka limestone
UltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction ...
India’s cement producers to pay for NABL tests
To ensure supplied cement meets quality standards, India’s cement manufacturers will need to absorb the testing costs at laboratories approved by the National Accreditation Boar...
New CFO for Power Cement
Power Cement Ltd has appointed Irfan Sikandar Bawa as CFO with effect from 4 April 2022, succeeding Tahir Iqbal, according to the company’s filing to the Pakistan Stock Exchange.
Birla's Mukutban plant begins clinker dispatch
Birla Corp ’s newest cement plant, Reliance Cement Co ’s Mukutban integrated plant, has started dispatching clinker. The clinker is being delivered to the company’s nearest grin...
Shiva Cement received environmental clearance for Orissa plant expansion
India-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in K...
Shree Cement starts trials at Chattisgarh clinker unit
India-based Shree Cement has started trial run of its new clinkerisation unit (Kiln 3) at its integrated plant in Baloda Bazar, near Raipur in Chhattisgarh. The Baloda Bazar pla...