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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 […]

Tribunal asks Competition Commission to divulge with details in cement cartel order

NEW DELHI: The Competition Appellate Tribunal (COMPAT) today asked fair trade regulator CCI to give fresh copies of its order levying over Rs 6,300 crore in penalties on 11 cement companies for cartelization, providing them with complete details on production, pricing and sales. The companies, which include UltraTech and ACC, have been asked to file […]

RInfra introduces Reliance Cement

Mumbai: Reliance Infrastructure Limited (RInfra), part of the Reliance Group, through its subsidiary Reliance Cement Company Private Limited (RCC), announced the launch of its first cement under the brand name ‘Reliance Cement’. Reliance Cement is a new-age Portland Pozzollona Cement, manufactured in its recently commissioned Butibori plant at Maharashtra and will mainly be delivered to […]

PIL filed against Ambuja Cement

Ahmedabad: A public interest litigation ( PIL) against Ambuja Cement Ltd seeking cancellation of lease and environmental clearance granted for mining in Verval region of Junagadh district has been filed in the Gujarat High court by an NGO based in Veraval, Junagadh. In addition to the cancellation, the PIL also seeks stay on mining activities […]

No coercive action on cement cartelization till Oct 11: Competition Tribunal

Mumbai: The Competition Appellate Tribunal issued notices to the Competition Commission and Builders Association of India, on whose complaint a penalty of Rs6,307 crore was imposed on 11 cement firms on charges of cartelization. The fair trade regulator body, after hearing appeals from companies including UltraTech and ACC asked Competition Commission of India (CCI) not […]

10:51 AM (Thu): ACC, Ambuja record de-growth in cement dispatch

Mumbai, Sep 06 (EPC News): ACC and Ambuja posted a decline of growth of 6.9% and 2.4% on year on year (yoy) basis on account of monsoon during August 2012. On a whole, PAN India players’ dispatches have declined by 4.9% on yoy. Due to the seasonal weakness of monsoon, the prices of cement fell […]

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