Shree Cement Expands Further with New Grinding Unit in Chhattisgarh; Market Cap Crosses ₹1 Trillion
Shree Cement has commissioned a new cement grinding unit in Baloda Bazar, Raipur (Chhattisgarh). It has the capacity to produce 3.4 million tonnes of cement annually. It’s in line with the company’s vision to become bigger by enhancing its existing operations. Recently, they also commissioned another plant with a capacity of 3 million tonnes in […]
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Government Adds 12% Tax on Some Steel Imports to Help Indian Companies
The Union Steel and Heavy Industries Minister, Shri H. D. Kumaraswamy, stated that he is in favor of the government’s move to impose a 12% duty (referred to as a “safeguard duty”) on importing certain grades of steel. This move is intended to shield Indian steel firms from an excess of steel imports, which were […]
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JK Lakshmi Cement Plans Big Growth with More Production and New Businesses
JK Lakshmi Cement hopes to increase its revenues by over 10% in the current year. It also hopes to increase its profits by optimizing how it operates its factories and enhancing its cement manufacturing capacity. “We are seriously putting in an effort to grow both in cement as well as associated businesses like concrete solutions […]
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NCL Industries Sees Higher Cement Sales but Big Drop in Profit
NCL Industries sold 7% more cement during the final three months of financial year 2024–25 than they did in the same period last year. They sold 794,096 metric tonnes, which was an increase from 729,655 metric tonnes last year. They also produced 8% more cement, producing 790,663 metric tonnes. However, the company’s other products weren’t […]
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India’s Shift to Green Steel for Cleaner Construction
India has commenced the use of “green steel” for the first time. Green steel emits much less pollution compared to standard steel. ARS Steel produced special steel bars and shipped them to Epic Group, which is constructing a new factory in Bhubaneswar, Odisha. This factory will be extremely environmentally friendly. It will not waste water […]
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Star Cement to Rebuild Watch Towers in Kaziranga for Rongali Bihu
Star Cement has decided to reconstruct the Daflang and Mahimiri watch towers at Kaziranga National Park, Assam. They are undertaking this in celebration of Rongali Bihu, a major festival in the state. The project is being undertaken in collaboration with the park authorities. The new towers will serve to protect wildlife, prevent poaching, and improve […]
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JK Cement Plans to Raise Rs 5 Billion Through NCDs
The stock price of JK Cement increased 2.24% to Rs 5,063.90 following the firm disclosing its strategy to raise Rs 5 billion (approximately $60 million) through issuing non-convertible debentures (NCDs) to private financiers. The company’s board is to discuss this strategy at a meeting on 24 May 2025. Should the strategy get the approval of […]
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JK Cement may raise money and give final dividend soon
JK Cement, which is a large cement firm in India, will hold its board meeting on May 24, 2025. During this meeting, they will make a decision whether they will raise ₹500 crore by issuing non-convertible debentures (a means of taking loan). If the board gives their approval, they will request shareholders for their approvals […]
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APEDA and Arunachal Government Host International Conclave to Boost Farm Exports
The Agricultural and Processed Food Products Export Development Authority (APEDA) and the Government of Arunachal Pradesh organized an International Conclave and Buyer-Seller Meet at Kalawangpo Convention Hall in Tawang. The conference was to promote the export of agricultural and processed food products of the North Eastern Region (NER). Chief Minister Pema Khandu addressed the function […]
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Drydocks World and Cochin Shipyard Forge Strategic Partnership to Boost Ship Repair and Maritime Infrastructure in India
DP World’s Drydocks World has signed a Memorandum of Understanding (MoU) with India’s Cochin Shipyard Limited (CSL), a move prompted by the Ministry of Ports, Shipping, and Waterways of India. The alliance is intended to establish ship repair clusters throughout India, improving maritime infrastructure within the nation and increasing global competitiveness in the industry. The […]
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