cement industry news
Shree Cement Hit with ₹588 Crore Tax Demand for FY22, Says No Major Impact Expected
Shree Cement Ltd, India’s leading cement manufacturer, has been served an income tax demand of ₹588.65 crore for the fiscal year 2021–22. The...
Cement Sector Eyes Strong Rebound in FY26 on Government Push, Rural Demand
With a subdued FY25, India’s cement sector is looking forward to a robust FY26, driven by increased government infrastructure expenditure and revived rural...
Ambuja Cements Takes Over 37.8% Shareholding in Orient Cement, Becomes Promoter
Ambuja Cements, which is owned by the Adani Group, has finalized its takeout of a 37.8% shareholding in Orient Cement Ltd (OCL), becoming...
The Ramco Cements Sells ₹455 Crore in Non-Core Assets to Cut Debt
Ramco Cements has asset monetization of ₹455.03 crore in FY25 as part of the company’s asset monetization strategy which aims to reduce debt...
Cement Prices Plunge in South India, But Rebound Expected in Q1
South Indian cement prices fell sharply at a glance in March and at a bigger pinch than other regions owing to year-end volume pressures...
Tamil Nadu’s Limestone Tax to Rise Cement Prices, Hit Ramco and Dalmia Bharat
The Tamil Nadu government’s proposal to impose an additional ₹160 per tonne tax on limestone mining is likely to affect cement makers in...
Ambuja Cements to Invest ₹2,500 Crore in Cement and Clinker Carriers
Ambuja Cements Ltd, an Adani Group company, plans to spend approximately ₹2,500 crore on the construction of two cement carriers and eight clinker carriers,...
Dalmia Bharat to Pump in ₹3,520 Crore for New Cement Capacities in Maharashtra, Karnataka
An investment of ₹3520 cr from Dalmia Bharat cement in Maharashtra and Karnataka: Dalmia Bharat statement These acquisitions are being made through its subsidiaries as...
Small and Mid-Sized Cement Firms Struggle as Market Giants Tighten Grip
There is a widening disparity in India’s cement industry between market leaders and their smaller brethren. Though larger players such as UltraTech and Ambuja...
UltraTech Cement Enters Wires & Cables, Acquires Kesoram
UltraTech Cement, the flagship firm of Aditya Birla Group, has ventured into the wires and cables segment with ₹1,800 crore investment. It will set...
