According to local press, the High Courts of Bombay and Allahabad have approved plans for UltraTech Cement Ltd to acquire assets belonging to Jaypee Cement Corporation Ltd (JCCL) in Gujarat. This includes an integrated cement plant in Sewagrama and a grinding facility in Wanakbori. The scheme has reportedly already received approval from shareholders, creditors and the Securities and Exchange Board of Directors.
Edited from various sources by Louise Fordham
Maple Leaf has signed a 3-year agreement with Pakistan Railways for the transport of cement to Karachi, while India’s ASSOCHAM proposes investment plan for the country’s rail system that could aid industry.
The output of India’s core industries improved by 4.2% in April 2014, with cement up 6.7%.
Gujarat Sidhee Cement and Gangotri Cement report a rise in sales for the January – March quarter.
Jacques van Niekerk, Ambuja Cements, India, discusses the critical role of supply chain excellence in the Indian cement industry.