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.
The Indian government has confirmed that it is planning to sell off non-operational units of Cement Corporation of India in first part of its divestment plan.
JSW Cements – a part of Indian industrial conglomerate, JSW Group – has brought ACC’s stake in Shiva Cement.
JayPee Group subsidiary, Jaiprakesh Associations, has received regulatory approval for the sale of its cement unit to UltraTech Cement.
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.
Indian cement maker, Burnpur, is to introduce a new Pozzolona Portland Cement product from its Patratu plant to better utilise the plant’s current spare capacity.