The government of Khyber Pakhtunkhwa, Pakistan, has awarded 14 licences to set up cement plants in the province.
Petron Engineering has received a letter of intent from Shree Cement for civil work at its Gulbarga cement plant in Karnataka.
Emami Cement, part of the diversified Emami Group, has commissioned a cement grinding plant in West Bengal as part of its plants to become a major player in the Indian cement market.
More Indian Subcontinent news
The Indian construction sector will remain steady in the next financial year with a “slow but steady’ improvement in revenue and earnings.
Indian cement demand growth is expected to stabilise at 4 – 5% in FY18, after the dip in demand growth caused by demonetisation in FY17.