Indian cement producers race for efficient transport
India's cement market is growing at a substantial rate. To gain a competitive edge, cement producers are taking their efficiency drive from the plant to the rail network, road a...
Penna Cement
14 posts · Page 1 of 2
UltraTech acquires additional stake in India Cements
UltraTech Cement is acquiring a 32.72 per cent share in India Cements , marking an investment of INR39,540m (US$472.2m). According to The Hindu, the move enables Aditya Birla -o...
Ambuja Cements acquires Penna Cement
Adani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production ca...
Penna Cement receives approval for IPO
India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue...
Penna Cement refiles for IPO
India’s Penna Cement Industries has refiled for its initial public offering to raise INR13bn (US$177.5m) through fresh equity shares while its promoters would raise INR2.5bn thr...
IBAU Hamburg launches largest automatic shipunloader
IBAU Hamburg has successfully commissioned the largest automatically unloading cement cargo ship, the Penna Suraksha, in Southeast Asia. The order will see Penna Cement of India...
Penna Cement files for an IPO for expansion plans
Penna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement'...
New cement terminal enters operation in southwest India
India’s Cochin Port Trust launched the port’s fourth cement terminal at Ernakulam Wharf, Kerala, on Monday. The terminal is expected to handle 0.3Mta of cement and has been set ...
Penna Cement joins the WCA
Penna Cement of India has joined the World Cement Association (WCA) as a corporate member. Commenting on the news, Penna Cement's Director of Marketing, Krishna Srivastava, said...
Penna Cement Industries Ltd orders Loesche VRM
Penna Cement Industries Ltd has ordered a Loesche VRM for its plant in Boyareddypalli, Andhra Pradesh.The four-roller mill will grind petcoke with a throughput capacity of 52tph...