India cement news

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.

Aimil Ltd. has been appointed as PANalytical’s representative in India.

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.

Indian cement maker, Ambuja Cement, has posted an 85% increase in consolidated net profits in 4Q16.

Indian cement maker, Ramco Cements, saw its profits rise 28.4% in 4Q16 and 43.1% in the financial year from 1 April 2016.

Dalmia Bharat’s 4Q16 pre-tax profits were up 19% on rising sales volumes and falling costs, despite a challenging market conditions.