Cement News tagged under: india
Ambuja Cements seeks production start from 20 April20 April 2020, Published under Cement NewsLafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio... |
JK Lakshmi Cement seeks government approval to resume its Indian production17 April 2020, Published under Cement NewsJK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time. The company has put in place the required safety measures for the workers and employees at the plants in... |
Dungsam Cement reports impact of lockdown16 April 2020, Published under Cement NewsBhutan’s Dungsam Cement Corp has been adversely affected by the lockdown in India, according to Sonam Jigme, CEO. No export volumes or revenue have been recorded from 21 March to 12 April, compared to around 75,000t sold and BTN323m (US$4.2m) of revenue last year. Around 81,280t had been sold domestically from 1 January to 21 March, earning BTN488m. However, only 24,233t has been recorded after 21 March. Mr Jigme said that although there is domestic demand, sales have considerably fall... |
Gujarat Sidhee Cement resumes cement production16 April 2020, Published under Cement NewsIndia’s Gujarat Sidhee Cement started up the production of cement again yesterday, in compliance with permission received from the government. The company will comply with directives being issued by the central and state government, as well as local administration, for the safety and wellbeing of its workers. However, the overall impact of the coronavirus upon the company's operations is difficult to assess at present. |
Government urged to use online platform for cement purchases15 April 2020, Published under Cement NewsThe Andhra Pradesh government has been urged to use ‘YSR Nirman’, a new online platform designed to help various state departments procure cement for important government infrastructure works. Thumma Vijaya Kumar Reddy, commissioner, said the government proposed to supply cement at a reduced price to the departments in need. The system reportedly helps to reduce the waiting time of buyers and increases accountability and transparency in the process. It will also help producers produce ce... |
Indian industries look for lockdown exit strategy15 April 2020, Published under Cement NewsWhile many Indian industries were preparing strategies for a partial lifting of the country’s lockdown, some members of the cement industry were reportedly aiming to wait an additional week before deciding whether to resume operations. "There are two issues – demand for cement is not there as construction is put on hold and all expenses of capex are getting deferred. Secondly, there is a big issue on logistics," said H M Bangur, managing director of Shree Cement. In addition, Mr Bangur not... |
May lifting of lockdown could see U-shaped recovery in Indian cement09 April 2020, Published under Cement NewsIndia-based Yes Securities has provided an outlook for the Indian cement industry following the impact of COVID-19. The research house reports that following the lifting of the lockdown, a minimum of 15 days will be required to streamline operations. Furthermore, recovery will be gradual as it may take labour time to return. Pricing discipline is expected to be hard to maintain once lockdown is lifted as smaller players are expected to undercut prices. The south remains susceptible to subdu... |
Dalmia Cement Bharat announces COVID-19 relief plans09 April 2020, Published under Cement NewsIndia’s Dalmia Cement Bharat has contributed INR20m (US$262,742) to the Odisha relief fund to help support the state’s response to the COVID-19 pandemic. Elsewhere, the company has distributed dry food packets to over 900 families in villages near Biswali, Odisha. Seven days of grocery shopping has been supplied to 650 families in and around Rajgangpur, while the company has also provided assistance for stranded truck drivers, helpers and the homeless. Furthermore, the company has team... |
Indian cement demand could fall 20-25% in FY2108 April 2020, Published under Cement NewsIndian cement demand is expected to fall by 20-25 per cent in the current fiscal year (FY20-21) if the COVID-19 pandemic is not contained by May and construction activities only begin in the second quarter, said analytics agency Crisil. However, assuming the lockdown and other social distancing measures continue until the end of April and construction activity resumes in mid-May, the agency stated that the fall in demand could be 10-15 per cent. Capacity utilisation rates are also expected... |
Shiva Cement scales down cement production in India08 April 2020, Published under Cement NewsIndia-based Shiva Cement Ltd has informed the Bombay Stock Exchange on 6 April that in the wake of the COVID-19 outbreak across the world, including India, the company has been taking various precautionary measures to ensure the safety and health of the employees and their families, at its offices and manufacturing location in Orissa, eastern coast of India. However, the company has scaled down its manufacturing operations following the nationwide lockdown in the country and various advisor... |