Cement News tagged under: India
India: Aditya Cement starts third line, builds grinding unit16 March 2015, Published under Cement NewsUltraTech Cement Ltd has informed the Bombay Stock Exchange (BSE) that the company has commissioned its clinker plant of 2Mta at Aditya Cement Works, Shambhupura, Rajasthan. The 6000tpd kiln takes Aditya Cement's clinker capacity up to 7.18Mta and cement capacity to 5Mta. Meanwhile, the greenfield Jhajjar grinding unit at Haryana, northern India, is under construction and is expected to be commissioned in FY16. AC III will service the new 1.6Mta grinding station and the balance of clinker... |
Vicat shows good profit growth in the USA, India and Africa11 March 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per... |
Jaipur plant proposals, India10 March 2015, Published under Cement NewsFive new cement plants will be set up in Jaipur, the largest city of the northern Indian state of Rajasthan, with a total production capacity of around 3Mta. The mines department has issued a letter of intent (LOI) to the firms and submitted the application for approval from the Union government. Three LOI have been given for blocks at Chittorgarh while two are issued for the blocks in Jaisalmer district. The proposal of all the five blocks have been sent to Geological Survey of India (GS... |
Shree commissions cement mill at Chhattisgarh, India03 March 2015, Published under Cement NewsShree Cement has commissioned a 2.6Mta cement mill at Baloda Bazar near Raipur in Chhattisgarh, India, on 24 February 2015, the company informed the Bombay Stock Exchange. Shree Cement’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5Mta. |
Dalmia Bharat increases stake in OCL India25 February 2015, Published under Cement NewsDalmia Bharat has increased its stake in OCL India, one of the largest cement entities in eastern India with plants in Orissa and West Bengal. “The company’s subsidiary Company, Dalmia Cement (Bharat) Limited on February 25, 2015 has increased its stake in OCL India Limited from 48 per cent to 74.6 per cet through inter-se transfer within the promoter group of OCL India Limited,” Dalmia Bharat said in a statement. As a part of the consolidation and growth of the cement sector, the Dalmia B... |
Indian producers roll back prices23 February 2015, Published under Cement NewsIndian cement producers have rolled back cement price increases announced in January due to a weaker than expected cement demand off-take. "The dispatch scenario is very gloomy. The January-March quarter is generally a good quarter, but not this time. Pricing is weak, specifically in north India," said Prashant Bangur, whole-time director of Shree Cement Ltd told local press. Cement manufacturers in eastern, central and western markets have also rolled back price hikes announced in Ja... |
LH: potential merger of Indian operations on the cards?20 February 2015, Published under Cement NewsLafarge and Holcim may bring together their local Indian interests as part of the merger process between the two global cement majors, according to local press. The Economic Times reported yesterday that Holcim and Lafarge plan to merge Holcim’s local companies ACC and Ambuja Cements together with Lafarge India, citing sources with direct knowledge of the matter. According to the report, the plan is still at an early stage and the cement producers have mandated investment bank Lazard to adv... |
India: Malabar Cements to resume Cherthala operations20 February 2015, Published under Cement NewsMalabar Cements Limited (MCL) will resume operations at its Cherthala unit in the Indian state of Kerala, by the end of this month, having secured uninterrupted clinker supplies. K Padmakumar, managing director of MCL told 'The Hindu' that a ship carrying 27,010t of clinker had reached the Cochin port from Fujairah, which would be transported by road to Cherthala soon. The unit stopped functioning in 2009 due to a shortage of clinker supplies, as MCL's Walayar cement plant in Kerala was ... |
India Cements posts third-quarter net loss12 February 2015, Published under Cement NewsIndia Cements Ltd posted a net loss for third quarter, compared with a profit a year ago, dragged down by muted cement sales in the south. The Chennai-based firm posted a net loss of INR116.8m, compared with a net profit of INR4.2m a year ago. The company registered flat revenue growth at INR10.359bn crore for the three months to December as against INR10.365bn crore a year ago. CSK transfer Meanwhile, the board of India Cements yesterday approved a proposal to transfer the owner... |
Binani reportedly in talks to sell Rajasthan grinding unit12 February 2015, Published under Cement NewsBinani Cement is in discussions to sell its 1.2Mta grinding unit at Neem Ka Thana, Rajasthan, to reduce debt. The company is looking for prospective buyers and is hoping to complete the sale after March, a source told Cogenis news. UltraTech Cement is said to be among the parties interested in the acquisition. Binani Cement expected to raise INR4bn (US$64.2m) through the sale of the northern Indian unit, which will be used to repay loans, according to the report. Parent company Binani Ind... |