Infra slowdown affects cement consumption in FY2014
According to CARE Ratings report on cement industry released in July 2014, the demand for cement has witnessed a muted growth, with consumption increasing by about 3.5% in FY14 (refers to the period April 01 to March 31) as compared with 5.3% in FY13 and 6.7% in FY12, mainly on account of slowdown in infrastructure, industrial and real estate projects. Consequently, cement prices remained under pressure for major part of the year. Though few attempts to increase the prices by the cement companie
Warehousing space requirement: 9 per cent growth expected by 2019
Total warehousing space requirement in India is expected to grow at a CAGR of 9 per cent from 919 million sq ft in 2014 to 1,439 million sq ft by 2019. With this being the focus, Knight Frank India published The India Logistics & Warehousing Report 2014 on July 7, 2014.
Up for an Upswing
The infrastructure sector can never be out of the reckoning as it is intrinsic to economic growth. As the concluding part of this Cover Story, CW offers an analytical perspective of the recent past and - more important - the way ahead.
India Cements plans to increase capacity
India Cements has plans to refurbish and expand capacity of its cement plant in Salem in Tamil Nadu at a cost of Rs 80 crore. The old cement plant is being replaced with new equipment and in the process the output will increase to about 17 lakh tonne from the present six lakh tonne.
Mangalam starts production at Rajasthan unit
Mangalam Cement, a BK Birla Group company, has started commercial production at its new cement mill in Adityanagar Morak district at Kota, Rajasthan. The 1.25 mta mill has completed trial runs and started production on May 28, 2014. The company is also increasing its clinker production capabilities by 0.5 mtpa.
JK Lakshmi Durg plant to start production
JK Lakshmi Cement's Rs 1,500-crore manufacturing facility at Durg in Chhattisgarh will start production by the October-December quarter taking the overall capacity to about 10 mtpa. The 2.7 mtpa facility will be commissioned by third quarter of the current fiscal.
Shree Cement proposes grinding plant
Rajasthan-based Shree Cement, known for 'Bangur' and 'Shree Ultra' cement brands, has proposed to establish a 3-mtpa cement grinding mill on 60 acre at Odapada in Dhenkanal district of Odisha at an investment of Rs 452.55 crore. The cement maker has opted for the site as it can use fly-ash generated from power plants.
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