Cement News tagged under: Southern Asia
UltraTech agrees to acquire India Cements grinding facility23 April 2024, Published under Cement NewsIndia’s leading cement producer, UltraTech Cement , has agreed to purchase a 1.1Mta grinding facility in Parli in Maharashtra for INR3.15bn (US$37.8m) from India Cements Limited . UltraTech, a subsidiary of the Aditya Birla Group, will also invest INR5.04bn to expand its total capacity by 3Mta, including the Parliament facility. The acquisition of the facility, as part of an asset purchase agreement, includes a captive railway siding. The company has stated that purchase will help ... |
Indian cement stocks boosted 3% due to increasing bag prices09 April 2024, Published under Cement NewsIndian cement stocks have seen significant price increases, as major companies have imposed price hikes on bags of cement (averaging INR10-INR15 per bag). The five key producers ( UltraTech Cement , Shree Cements , Ambuja Cement , ACC and Dalmia Bharat ) all experienced gains in share price, ranging between one and three per cent on 3 April 2024. Sources in the industry have reported that various companies in the region have announced prices increases of INR10-15 per bag in t... |
Indian cement leaders will expand capacity by 42.1Mta in FY24-2508 April 2024, Published under Cement NewsUltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider effort to increase its production by 21.6Mta in FY24-25. ACC-Ambuja Cement, the company’s closest competitor, has also announced an addition of 11.6Mta of capacity in FY24-25. Kolkota-based Shree Cement Ltd announced that it has commissioned a further 3Mta of capacity. Industry analysts estimate that the compa... |
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