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Cement Industry News

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Road projects, the real stimulus package, says N. Srinivasan 29-Oct-2017
The government has announced its plan to build 83,677 km of roads over the next five years.Most of the cement companies rose today, riding on the back of the newly announced government plans to spend Rs 6.9 lakh crore for building and expanding the network of roads in the country. The new development is expected to benefit cement companies. 25-Oct-2017
Green shoots of GST benefits in building materials; go grab 10-Oct-2017
Top cement players eyeing Binani Cement assets post insolvency nod by NCLT Read more at: http://economictimes.indiatimes.com/articleshow/59955851.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst 07-Aug-2017
Birla Corporation has proposed building a US$375m cement plant at Mukutbandh near Nagpur in Maharashtra. Company chairman made the announcement following the company’s annual general meeting, according to the Press Trust of India. The proposal will now go to the company’s board for approval. The plant will have a production capacity of 4Mt/yr. It will be financed from a mixture of debt and internal funds. 01-Aug-2017
Chettinad Cement has received approval from the Odisha State-level Single Window Clearance Authority (SLSWCA) for an investment proposal to build a 2Mt/yr cement grinding plant at the Kalinga Nagar Industrial Complex in Jajpur district. The project is budgeted at US$36m, according to the Press Trust of India. 31-Jul-2017
The Cement Manufacturers' Association (CMA) has elected Mahendra Singhi, the group chief executive officer (CEO) and director of Dalmia Cement (Bharat), as its new vice president. Singhi has previously served as president of the Rajasthan Manufacturers Association. He is a science and law graduate by training and also a chartered accountant. 26-Jul-2017
Indian cement demand expected to grow by 5% in 2017 – 2018 says ICRA 21-Jul-2017
ACC’s sales have risen as its Jamul cement plant in Chhattisgarh has ramped-up production increasing its presence in the east of the country. Its sales rose by 12.7% year-on-year to US$1bn in the first half of 2017 from US$888m in the same period in 2016. Its cement sales volumes rose by 6.9% to 13.3Mt from 12.5Mt. Its net profit after tax rose by 12.5% to US$83m from US$74m. The subsidiary of LafargeHolcim also launched two new brands – ACC Suraksha and ACC HPC – in the preceding quarter. 18-Jul-2017
The Cement Manufacturers Association (CMA) says that demand for cement is likely to grow in the second half of the Indian financial year due to the new Goods and Services Tax (GST) and increased infrastructure spending. The cement industry is also expected to benefit from a 30% reduction in logistic costs due to simplified state border checks, according to the Press Trust of India. The CMA’s forecast follows a fall in growth for the cement industry in the previous financial year 17-Jul-2017
JSW launches cement plant just 18 months after breaking ground 14-Jul-2017
Ambuja Cement buys limestone resources in Maharashtra - Ambuja Cement has purchased a limestone block in the Chandrapur district of Maharashtra. An estimated limestone resource of 42Mt was acquired via state auction for a price of 125% of the value of mineral dispatched. Formal confirmation via the state government is expected to follow soon. 04-Jul-2017
Odisha approves Ambuja Cements to build grinding plant - Odisha’s State Level Single Window Clearance Authority (SLSWCA) has approved a proposal by Ambuja Cements to build a 1.5M/yr cement grinding plant at the Industrial Growth Centre, Jharsuguda. The proposed unit will use an area of 125 acres, according to the Press Trust of India. It is expected to create 300 direct and indirect jobs. Once complete the plant will join the company’s five integrated cement plants and eight grinding plants. 03-Jul-2017
Indian cement producers continue to defend prices 12-Jun-2017
Indian cement makers meet Nitin Gadkari; extend support towards fair pricing for cement 01-Jun-2017
15 companies express interest in building cement plants near to NTPC power plants 29-May-2017
High GST on cement is a missed opportunity to spur growth: CMA 29-May-2017
ACC and Ambuja Cement consider merger options 08-May-2017
Ambuja Cement launches fly ash and slag cement product 04-May-2017
PACIFIC CEMENT EXPECTS STRONG SALES IN FY2017 RESULTS 18-Apr-2017
Ambuja Cement supplies 0.3Mt of cement towards Chenani-Nashri tunnel project 12-Apr-2017
ACC Cement announces capex plan of Rs 600 crore for 2017 29-Mar-2017
Government reveals more detail on plan to sell non-operational units of Cement Corporation of India 17-Mar-2017
ACC has sold its 12.1% in Shiva Cement to JSW Cement for US$5.8m. Following the sale JSW Cement now holds the entire promoter holding in Shiva Cement, according to the Mint newspaper. In January 2017 JSW Cement announced that it was making an open offer to buy out Shiva Cement. Shiva Cement operates a 0.2Mt/yr cement plant in Rourkela, Odisha. 13-Mar-2017
Indian government to build cement plants near power plants to use fly ash 06-Mar-2017
NTPC plans to make cement, seeks partners Read more at: http://economictimes.indiatimes.com/articleshow/57182561.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst 16-Feb-2017
Neeraj Akhoury has been appointed managing director and chief executive officer (CEO) of ACC with effect from 4 February 2017. He joined the board of ACC in December 2016. 08-Feb-2017
India Cements’ sale rise in third quarter despite demonetisation 30-Jan-2017
JSW Cement has increased the capacity of its Bellary cement grinding plant in Vijay Nagar to 3.4Mt/yr from 1Mt/yr. The cement producer said that the additional capacity would help it strengthen its distribution network throughout south of the country. The chairman and managing director of JSW Group, Shri Sajjan Jindal, and other dignitaries inaugurated the new unit. 16-Jan-2017
Demonetisation to derail cement sector growth: India-Ratings and Research 06-Jan-2017
Ambuja Cement launches cashless campaign to cope with demonetisation 03-Jan-2017
'Cement industry to see pick up in demand from next month' 11-Dec-2016
Demonetisation halves cement demand in November 2016 09-Dec-2016
Demonetisation: For India Cements, it's business as usual so far 21-Nov-2016
LafargeHolcim increases stake in Ambuja Cement and ACC 16-Nov-2016
Cement makers hope to dodge latest fine from Competition Commission of India 11-Nov-2016
ACC starts production at Sindri Cement Grinding unit in Jharkhand 24-Oct-2016
Cement Firms Seen Reporting Strong Profit Growth In The September Quarter 17-Oct-2016
Cement demand to grow by 8% in 2017 – 2018 financial year says JK Cement 14-Oct-2016
India: Dalmia Cement Bharat has launched its Dalmia DSP Cement brand of cement. Senior Executive Director and group head B K Singh told the Press Trust of India that this new product will make concrete buildings more durable and it will be packaged to prevent water damage, allowing for longer storage times. The product will be released first in Tamil Nadu before a phased introduction in other states in the south of the country. 21-Sep-2016
Rural demand helps top 4 cement firms expand margins -- ET Intelligence Group: Improvement in cement demand from rural housing and road projects has enhanced operating margins of top four cement companies by capacity in the range of 4-9 per cent in the June quarter. In the second half of the fiscal, with construction activities picking up, cement demand is expected to grow 10 per cent. 17-Aug-2016
JK Cement on a solid footing is a good pick 15-Aug-2016
Indian cement demand to rise 6% in 2016 – 2017 due to infrastructure development 28-Jul-2016
ACC has started commercial production at its 2.79Mt/yr integrated cement plant at Jamul, Chhattisgarh. The subsidiary of LafargeHolcim also has two new cement grinding plants, one at Jamul and one at Sindri in Jharkhand. These are expected to be commissioned by the end of September 2016. The projects are planned to strengthen the cement producer’s consumer base in east India 21-Jul-2016
LafargeHolcim will sell Indian assets to Nirma Ltd 11-Jul-2016
Parth Jindal appointed managing director of JSW Cement 15-Jun-2016
India Cements promotes sulphate-resistant cement 31-May-2016
JK Cement starts Wall Putty manufacturing plant in MP units - JK Cement Ltd has informed BSE that the Company has successfully commenced commercial despatches on May 26, 2016 from its white cement based Wall Putty manufacturing plant at J.K.White in Katni, M.P with installed capacity of 2 Lac tonnes per annum. With this the company has achieved white cement based Wall Putty manufacturing capacity of 7 Lac tonnes. 27-May-2016
INDIA: NAGPUR REGION TO GET MORE CEMENT ROADS 25-May-2016
Government considers reopening Cement Corporation of India plant in Adilabad 13-May-2016
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