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Archive for the ‘Cement’ Category

Freight Rate Hike By Railways

October 21, 2011 Leave a comment

A circular issued by Indian Railways last week shows that the season levy is increased to 10% from 7% announced in March 2011. This levy is in addition to normal tariff and is applicable to most goods transported during October-March that is considered busy season for railways. In March 2011, railways had levied a busy season charge of 5% on coke and coke group and 7% on all other commodities. Containerised cargo and certain automobile traffic continue to be exempt from this levy.  Read more…

Categories: Cement, Coal, Fertiliser, Railways

Cement Mini Plants Economically Unviable

July 21, 2011 1 comment

Woes of the cement industry in India continue. Mini cement plants are the latest victims.. Read how.. Read more…

Categories: Cement

Cement Growth Lags GDP Growth

It’s for the first time in the past several years that demand for cement (up by 5%) has grown at a slower pace than GDP (up by 8.5%). Demand for cement partially reflects growth in economic activity, particularly with regards to capex. Read more…

Categories: Cement

Indian Industry News: Holcim’s raises stake over 51%

The Holcim Group has finally acquired more than 50% stake in its Indian subsidiaries–ACC and Ambuja Cement, reported Financial Express on 05 May 2011. Holcim Group on 29 April 2011, has acquired another 3.562% in Ambuja through open market purchase, increasing its stake in the company from 46.44% to 50.002%. It has also increased its stake in ACC by 0.8% and now holds 50.1%.

Cement:December 2010 Quarter Updates

March 25, 2011 Leave a comment

Demand for cement has been weak during the December 2010 quarter. Demand was poor at 5.3% in the December quarter with the exception being October at 18 per cent. This, in turn, was largely due to restocking by agents following poor sales in the preceding four months. Read more…

Categories: Cement

Infrastructure Gets A Firm Push

March 10, 2011 Leave a comment

Infrastructure development in India faces both financing as well as non-financing constraints. In the Economic Survey for 2010-11, the government has highlighted the need to address the following non-financing constraints that are leading to time and cost over-runs: Read more…

Coal India raises prices selectively

Reducing the import parity price of coal, Coal India for the first time ever hiked prices selectively.

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Categories: Cement, Coal, Power