India cement news
Vicat’s earnings hit, despite rising sales
A significant fall in earnings from its Egyptian business saw French building materials firm, Vicat, report lower year-on-year EBITDA, despite a solid rise in revenues.
Dalmia-led consortium likely buyer of Binani Cement
A consortium led by Dalmia Bharat, one of the largest cement producers in India, appears to have won the bidding for bankrupt Binani Cement.
HeidelbergCement’s Asia-Pacific business stabilises in 2017
HeidelbergCement’s Asia-Pacific business showed signs of stabilisation in 2017 with demand strengthening through the year.
LafargeHolcim to invest CHF 200 million in Indian cement industry
LafargeHolcim set to strengthen its presence in the Indian cement industry by investing CHF 200 million.
Shree Cement commissions new grinding unit
Shree Cement Co. commissions new cement grinding uni, Bangur Cement, in Rajasthan.
CCI accuses cement companies of forming cartel
Competition Commission of India has found, in a preliminary investigation, that six cement companies have formed a cartel.
Dalmia gets NCLT approval for KCL acquisition
Dalmia Cement’s acquisition of Kalyanpur Cement Ltd has been approved by India’s National Company Law Tribunal.
Board approves Rajasthan expansion project
The board of directors of J.K. Cement has approved a 4.2 million tpy brownfield expansion project.
UltraTech announces positive 4Q17 earnings
Earnings were up 18% at Indian cement producer, UltraTech Cement, boosted by the acquisition of a number of cement plants from Jaypee Group last year.
JSW Cement to expand Salboni plant
JSW Cement will invest INR4 billion to expand production capacity at its Salboni plant in Bengal, India, to 3.6 million tpy.