Cement News tagged under: India
Adani Cementation awarded new jetty clearance04 January 2021, Published under Cement NewsAdani Cementation has been authorised by the state environment ministry to build a captive jetty in Raigad district, India. The new jetty will supply the company’s planned cement plant, near Shahbaj village, in Alibag taluka. The proposed site consists of a berth head, conveyor line and mooring facilities. For the jetty, 2ha of land are to be prepared and a further 1.5ha for the conveyor corridor and approach road. The facility will be able to handle fly ash, slag and cement. The material... |
UltraTech Cement to raise US$135.8m in private placement29 December 2020, Published under Cement NewsUltraTech Cement Ltd, India's largest manufacturer and distributor of cement and cement-related products, has announced it will raise INR10bn (US$135.80m) in a private placement of unsecured redeemable non-convertible debentures (NCDs). UltraTech is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of INR10,00,000 each. |
Dalmia adds 2.3Mta to Bengal capacity28 December 2020, Published under Cement NewsDalmia Cement (Bharat) Ltd has expanded its capacity in Bengal, India, by 2.3Mta to 4Mta. The expansion represents an investment of INR3.6bn (US$48.9m). The company expects pent-up demand from infrastructure projects and affordable housing following business disruption due to the COVID-19 pandemic. Therefore, it is also adding 2.3Mta of brownfield capacity in Odisha and revamp the operations of Murli Industries in Maharashtra to add 3Mta. “Today we are at around 29Mta approximately and w... |
CCI starts investigation into Ambuja and ACC10 December 2020, Published under Cement NewsThe Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as... |
UltraTech Cement announces 12.8Mta capacity expansion04 December 2020, Published under Cement NewsUltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. The additional capacity will be created in the fast-growing markets of the eastern, central and northern regions of India. Kumar Mangalam Birla, chairman of the Aditya Birla Group, said: "This significant investment in a core infrastructure sector will accelerate the wheels of economic activity and aid the kickstar... |
Birla Corp to raise INR1.5bn through NCDs04 December 2020, Published under Cement NewsIndia’s Birla Corp is set to raise around INR1.5bn (US$20.3m) through secured unlisted redeemable non-convertible debentures (NCDs). As such, the company has approved the allotment of 1500 NCDs worth INR10,00,000 each, on a private placement basis. |
Southern India sees boost in cement prices04 December 2020, Published under Cement NewsCement prices in southern India have advanced around 18 per cent YoY to INR393/bag (US$5.3) in the 3QFY20-21, according to Motilal Oswal. On a QoQ basis, prices are flat as hikes in November 2020 have offset the decline seen in the September-October period. The strong prices in the region have been attributed to strong production discipline in the face of weak volumes. Prices in the north, west and central India are up seven, six and five per cent YoY, respectively. In the 3QFY21, the ave... |
LafargeHolcim to invest CHF100m in Indian WHR projects03 December 2020, Published under Cement NewsLafargeHolcim has announced a CHF100m (US$111.84m) investment in India for waste heat recovery systems. The investment will be completed across six sites over the next two years, as part of the group’s net zero roadmap. "On our net zero journey, we set ourselves an ambitious scope 2 target. I am very excited to see India leading the way by investing CHF100m in waste heat recovery. This major step forward builds on our procurement teams’ work in renewable energy," said Magali Anderson, chi... |
Production resumes at Sindri plant following protest03 December 2020, Published under Cement NewsProduction at ACC’s cement factory in Sindri, India, resumed on Tuesday with a police presence, a day after a clash between protesting villagers and police. The protestors had blocked the entrance of the factory and were demanding jobs for the locals in the factory, according to The Times of India. As many as 11 people were reportedly arrested on Monday and sent to judicial custody. |
Star Cement to invest INR4.5bn in new plant02 December 2020, Published under Cement NewsIndia’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya.... |