Economy & Market

Cement firms may face Rs 3k cr fine

Published

13 years ago

May 31, 2012

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Competition Commission of India (CCI), India’s competition watchdog, is expected to slap a fine of about Rs 3,000 crore on top cement companies, ruling them guilty of forming a cartel and fixing prices. The CCI’s order is expected in a few days, sources said.Based on a complaint by Builders Association of India (BAI), CCI was probing the cartelisation charges. CCI alleged that the retail prices fixed by cement manufacturers were almost similar.A top source in CCI said the watchdog had the power to impose a fine of 10 per cent of the average turnover of a company in previous three years, but it would scale down the penalty as the economy was facing a slump and cement was a key input in critical sectors.A top source in CCI told a leading business newspaper that cement can affect market sentiments to a great effect. So, it was decided that CCI would impose a token punishment of 5-8 per cent of the past three years’ average turnover to send a stern signal to the guilty companies without hampering market sentiments.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

10 hours ago

April 21, 2025

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UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

10 hours ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

10 hours ago

April 21, 2025

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Dalmia Bharat has successfully achieved its FY25 production capacity target of 49.5 million tonnes per annum (MTPA). This milestone was reached following the commencement of commercial production at its Rohtas Cement Works (RCW) in Bihar, where an additional 0.5 MTPA capacity has been added from March 30, 2025.
The expansion, which involved an investment of `96 crore, boosts the Rohtas plant’s total capacity to 1.6 MTPA. This development underscores the company’s continued focus on strengthening its presence in eastern India and aligns with its long-term goal of scaling total capacity to between 110 and 130 MTPA by the year 2031.
Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, shared, “The Eastern region holds immense promise, and this expansion is a reflection of our commitment to contribute meaningfully to its infrastructure growth. Reaching the 49.5 MTPA mark is a key step in our journey towards sustainable and strategic expansion.”