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1. India Cements plans Rs.14 bn expansion

India Cements (ICL) is expanding its production capacity to 20 mn tonne. ICL has started the ground work for an integrated plant in Madhya Pradesh and a grinding unit in Uttar Pradesh.


2.South cement manufacturers draw up expansion plans

Manufactures such as Chettinad, Ramco and India Cements are readying plans to expand capacities or set up new factories as the demand for cement is reportedly recovering in southern India.


3.India Cements to acquire Springway Mining

In order to establish a cement plant in Madhya Pradesh, India Cements will reportedly acquire Springway Mining for an amount of Rs 1.82 bn.


4.Cement demand sees slow pick up in south India; India Cements’ performance up

Plants in the southern states of the country are reportedly witnessing higher capacity utilisation, and as a result, the region is catching pace with the rest of the country in terms of cement demand.


5.India Cements to set up Rs.10 bn unit in Madhya Pradesh

In order to meet the emerging demand, India Cements has planned to set up a new cement factory in Madhya Pradesh, with a total investment of around Rs 10 bn.


6.Indian Cements' positive 4Q 16 results

India Cements has reported gratifying results for the quarter-ended December 31, 2016. Overall sales were up despite the Indian cement sector as a whole registering growth of around only 4.3 per cent through the quarter.


7.Forest ministry denies nod for two cement plants

The Ministry Of Environment and Forests (MoEF) has put environment clearance for two major industries on hold in Karnataka. According to the ministry, they will have an adverse effect on agriculture.


8.CCI slaps Rs.6,700 cr fine on 11 cement firms

The Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalty on 11 cement companies - UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century, Shree Cement, besides Cement Manufacturers´ Association (CMA) - for cartelisation


9.India Cements targets debt, costs

The India Cements has embarked on a two-pronged initiative to stay ´healthy and all-time fit´. The exercise will largely focus on delivering value for stakeholders in the company.


10.CCI fines 11 cement firms with Rs 6,700 crore

The Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalty on 11 cement companies – UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century, Shree Cement, besides Cement Manufacturers’ Association (CMA) – for cartelisation.