India Cements to Sell Shares in Key Subsidiaries
India Cements to Divest Schemes in Subsidiaries India Cements has decided to exit its entire investments in some of its subsidiaries as part of a scheme of arrangement. In a recent filing, the company said it will sell its entire holding in Coromandel Electric Company Ltd (CECL) to a Chennai-based company, Adam & Coal Resources […]
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Dalmia Bharat Begins Cement Production at New Facility in Assam
Dalmia Bharat has started commercial production at its new grinding unit in Lanka, Hojai district, Assam on March 15, 2025. The new unit of Dalmia Cement (North East) will produce 2.4 million tonnes of cement per annum. With this addition, the company’s total cement production capacity has gone up from 46.6 million tonnes to 49 […]
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Ramco Cements Faces Higher Costs Due to New Tax in Tamil Nadu
Ramco Cements Ltd is facing fresh challenges after Tamil Nadu introduced a new tax on mineral bearing land from Feb 20, 2024. The state now levies Rs 160 per tonne on limestone which has to be paid upfront when it is shipped. This adds to the existing limestone mining costs for cement companies in the […]
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NCLT Approves Merger of Dalmia Cement and Vinay Cement
NCLT Guwahati has approved the merger of Dalmia Cement (North East) and Vinay Cement. The order was passed on 21st Feb 2025 and will strengthen cement and mining operations in North East. As part of the merger, Vinay Cement’s cement and mining business which is part of Dalmia Cement will be transferred to Dalmia Cement […]
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Rising Carbon Costs Could Change the Global Cement Industry, Warns World Cement Association
The World Cement Association (WCA) says the cement industry is in big trouble due to rising carbon costs. WCA founder and director Emir Adiguzel spoke at the World Cement’s Envirotech 2025 Conference in Athens. Adiguzel said carbon costs are biting hard. Carbon costs are no longer an expense, they are now a key factor in […]
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Jindal Stainless to Invest Rs 7 Billion in Green Projects
JSL is going to invest Rs 7 billion in the next 5 years to reduce its environmental footprint. The company wants to go net zero by 2050. Its green initiatives include using renewable energy, green hydrogen, nature conservation, waste management and new technology to capture carbon. These efforts will reduce greenhouse gas emissions and carbon […]
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SRTMI Launches New Research Schemes for Indian Steel Industry
The Steel Research Technology Mission of India (SRTMI) launched three new research and development (R&D) schemes at an event called “Catalysing R&D in the Indian Steel Sector” on 12th March 2025 at Vigyan Bhawan, New Delhi. Along with the R&D schemes, a new website was also launched. Top brass from major steel companies like SAIL, […]
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JK Lakshmi Cement to Invest Rs 1100 Crore in New Assam Project
JK Lakshmi Cement (JKLC) will be investing Rs 1100 Crore in a new cement production project in Assam. The company has signed a Memorandum of Understanding (MoU) with the Assam Government during the Advantage Assam 2.0 Investment and Infrastructure Summit. The MoU was signed by Arun Shukla, President and Director of JKLC in presence of […]
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UltraTech Cement Keeps Top ‘AAA’ Credit Rating from CARE Ratings
UltraTech Cement, a part of Aditya Birla Group, has once again received the highest rating of ‘AAA’ from CARE Ratings, signifying its robust financial position and leadership in the industry. Key Ratings and Financial Strength: Why UltraTech Cement Retains ‘AAA’ Rating: CARE Ratings says the ‘AAA’ rating reflects UltraTech’s leadership in the Indian cement industry. […]
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ArcelorMittal Nippon Steel to Build Largest Plant in India
AMNS is building its biggest plant in India at Nakkapalli, Anakapalli district with an investment of Rs 1.47 trillion. The project will be executed in two phases: Rs 617.80 billion for phase 1 and Rs 853.82 billion for phase 2. Once completed, the plant will produce 17.80 million tonnes of steel per year. Phase 1 […]
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