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Cement

OCL India unveils cement manufacturing plant in West Bengal

Hon'ble CM, Mamta Banerjee at the inauguration of the OCL Cement plant in West Midnapore with Puneet Dalmia, MD, Dalmia Cement Bharat and Mahendra Singhi, Group CEO - Cement, Dalmia Cement Bharat.

Kolkata: OCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd on Monday announced the inauguration of its third cement manufacturing plant – Bengal Cement Works – in West Midnapore district of West Bengal. The company has two cement plants at Cuttack and Rajgangpur in Orissa. “The current boost in industrialization in the […]

Cement demand likely to soar to 7% in southern region

cement

Mumbai:  Cement demand in southern India is likely to witness an upward swing once the housing and infrastructure activities picks up. According to Karvy Broking report, cement plant utilisation trend in southern states is expected to rise by 5-7% in FY’15 compared to marginal growth in FY’14. Andhra Pradesh is expected to be the front […]

Ambuja receives accreditation from NABL

ambuja cement

Mumbai: National Accreditation Board for Testing and Calibration Laboratories (NABL) has bestowed Ambuja Cement’s Mumbai Concrete Futures Laboratory with certification for tests in concrete making it the country’s first cement company to receive accreditation for its lab. The autonomous body under the aegis of Department of Science & Technology, Government of India has granted certification […]

Infrastructure development crucial to spur Cement Demand

Strong economic growth has spurred a significant increase in India’s cement demand over the past two decades. Although the demand growth has tapered off in the past few years, the long term potential remains promising as India’s economy is expected to grow between 6-7% annually over the next decade. The residential and commercial construction are […]

The Big Merger & India Impact

The talks of mergers and acquisition have always put the market on an interesting platform. The recent one being the industry’s biggest merger titled ‘LafargeHolcim’. The two global cement giants France based Lafarge SA and Holcim of Switzerland have evinced interest of merging their global operations under one roof. According to Holcim statement, the two […]

Dalmia Cement acquires 74% stake in Bokaro Jaypee Cement

Dalmia Cement

New Delhi: Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat Ltd has acquired 74% stake in Bokaro Jaypee Cement Ltd (BoJCL) as the Board of Director of DCBL approved the proposed acquisition. Dalmia Bharat Cement has signed definitive agreements for acquisition of stakes in BoJCL at a consideration of `1,150 crore subject to […]

ACC installs new Waste Heat Recovery System at Gagal plant

ACC Gagal Waste Heat Recovery System Control Room

Mumbai: ACC Limited, one of the largest producers of cement in India, today announced installation of new Waste Heat Recovery System (WHRS) at its Gagal cement plant in Himachal Pradesh. The WHRS units comprise of suspension pre-heater boiler, an air quenching chamber boiler, a steam turbine generator, distributed control system, water-circulation system and a dust-removal […]

Ambjua outlines Rs2,000 cr investment for Rajasthan project

Howrah: Aiming towards capacity expansion, Ambuja Cements Ltd plans to shed a Rs2,000 crore investment for a project in Rajasthan and northern regions. The project to be developed in Rajasthan is expected to add five million tonne capacity to the company’s total production. However, the company refrained from disclosing any timeframe for the project execution. […]

Lafarge plans to sell stake in Indian unit: sources

Mumbai: French cement major, Lafarge SA plans to sell 20-25% stake in its Indian unit for about $300 million. The company is already in talks with private equity and financial firms to execute the said operation, informs two senior officials from the company. As per the official sources, the company has already contacted a slew […]

India Cement Q2 net profit drops by 30%

Mumbai: India Cements Ltd registered a fall of 30% in its net profit for the quarter ended September 2012.As per the recent performance index, the company’s net profit stood at Rs49.08 crore against Rs69.71 crore gained in the same period a year ago. The company outlines the increased input costs over the power and fuel supply as […]

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