India: Cement Firms Seek Legal Path Against Competition Commission of India

Data from the Ministry of Commerce and Industry show that India's cement production in the first half of 2019 increased by 6.3% year-on-year to 至1.78 million tons, compared with 167 million tons in the same period in 2018. On a monthly basis, production declined by 1.5% to 28.3 million tonnes in June 2019 from 2.88 million tonnes in June 2018.

2019-08-02 10:57:30

As an energy-intensive industry, the cement industry accounts for 5% of global carbon dioxide emissions, requiring up to 4.7 million BTU of energy per ton of clinker, equivalent to about 180 kilograms of coal. This is the key reason why it needs to always be alert to its destructive role in the environment.

2018-12-03 10:11:11

Recently, 11 cement companies in India were punished by the country's Competition Commission for their cartelization (that is, the formation of a cartel). Ten of them have appealed to the court for adjustment.

2012-09-14 00:00:00

UltraTech Cement, India's largest cement producer, has appealed to the Indian government to help its cement industry out of trouble. It is reported that India's cement industry has entered a challenging era due to soaring operating costs and slowing demand.

2012-09-06 00:00:00

India Cements, the largest cement producer by sales in southern India, has received approval from the country's environment department to expand the production capacity of its two cement plants.

2012-06-21 00:00:00

On June 15, local time in India, Jaypee Group announced on the same day that it planned to raise funds by diluting a minority stake in Jaypee Cement Company to support the expansion and maturing debt of a private equity company.

2012-06-19 00:00:00

Jaiprakash Associates, a cement subsidiary of India's Jaypee Group, is preparing to sell its stake to investors including Singapore's Temasek Holdings to raise funds to repay its debts. According to Reuters, Jaypee Group has been in contact with several potential investors about selling its stake in Jaiprakash.

2011-11-09 00:00:00

On September 26, Reuters reported that due to large stocks at ports, Indian users are expected to receive several tenders and inquiries for imported spot thermal coal at low prices. India has stockpiled more than 12 million tons of thermal coal, and at least 7 million to 8 million of the final imports will not be sold, the country's leading import trader said last week.

2011-09-27 00:00:00

ACC, India's second largest cement producer, announced Monday that its cement loading in July rose 28% from last year to 2 million tons, Reuters reported.

2011-08-02 00:00:00

India's western regions will face higher prices for cement, and Indian cement companies have planned to raise the price of 50 kilograms of cement by 10 rupees from February 1 due to the lack of railway freight cars.

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