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Cement Manufacturers’ Association (CMA) has signed a four-year wage settlement agreement with federations of major central trade unions entailing a rise of Rs 5,000 in gross monthly pay of 20,000 workers in the sector. https://www.business-standard.com/article/pti-stories/cma-inks-wage-settlement-pact-with-trade-unions-119022100802_1.html

JSW Cement, part of the JSW Group, plans to increase the capacity of its Salboni unit in West Bengal from 2.4 million tonne per annum (mtpa) at present to 3.6 mtpa. This capacity addition is in line with the company’s commitment to strengthen its presence in eastern India, starting with West Bengal, Bihar, Odisha, and […]

JSW Cement, which is planning to raise capacity to 20 million tonne per annum by 2020, has said it is eyeing acquisition of stressed cement assets as part of its strategy to expand capacity and capitalise on growing infrastructure spends and realisation of pent up cement demand. Boosted by a 63% volume growth in Q2FY19 […]

UltraTech Cement cleared all dues owed to the creditors of Binani Cement, taking possession of the latter’s units in India, UAE and China. The board of directors at Binani Cement has been reconstituted, with the company now a wholly owned subsidiary of UltraTech. This follows the Supreme Court’s ruling, which approved UltraTech’s resolution plan in […]

India Cements Ltd has agreed to acquire Springway Mining for a total consideration of Rs 1.82 billion to set up a cement plant in Madhya Pradesh. “Our company has entered into a share purchase agreement on October 28 for acquiring the entire shareholding of Springway Mining Pvt Ltd, in a phased manner, for a total […]

ITD Cementation India has received LoA / LoIs aggregating over Rs 1066 crore for -Construction of New Integrated Passenger Terminal Building and associated facilities at Pune Airport for Airports Authority of India. Construction of Breakwater for Vizhinjam Port, Thiruvananthapuram, Kerala for Adani Improving Capacity Utilisation of OR-I & OR-II Berths for Visakhapatnam Port Trust.Design, Construction, […]

Birla Corporation Limited, M.P.Birla group flagship company, would invest around Rs 2,400 crore for its proposed new cement plant at Mukutban near Nagpur. “We are planning to invest around Rs.2,400 crore for four mtpa greenfield cement plant at Mukutban. We will now go to board for approval”. Lodha said after completion ofnew plant, total cement […]