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Cement demand dips in Pakistan

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Hassan Bakshi, former chairman Association of Builders and Developers (ABAD), said lingering political and economic uncertainty and massive increase in prices of construction materials were the main reasons behind falling cement sales in addition to rain and floods in July and August. Local cement despatches by the industry during October were 3.89m tonnes compared to 4.6m tonnes in October 2021, while exports fell by 41pc to 362,350 tonnes in October from 611,378 tonnes in October 2.

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BTL EPC strengthens portfolio with MBE-CMT acquisition

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BTL EPC, a flagship of the Shrachi Group, has acquired MBE Coal and Mineral Technology India (MBE-CMT), formerly Humboldt Wedag India. This strategic move integrates MBE-CMT’s expertise in centrifuges, crushers, screens, and feeders, bolstering BTL EPC’s capabilities in bulk material handling and mineral beneficiation. The acquisition includes MBE-CMT’s advanced Kharagpur facility, offering room for expansion and innovation. Managing Director Ravi Todi emphasized that this merger aligns with the company’s vision of growth and diversification, enhancing its manufacturing capabilities and strengthening its product business to deliver greater value to clients.

 

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KPIL secures Rs.10.11bn in new orders

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Kalpataru Projects International Limited (KPIL) has secured Rs.10.11 billion in new orders across transmission and distribution (T&D), railways, and buildings and factories in India and overseas. Manish Mohnot, MD and CEO, highlighted the robust order book exceeding Rs.173 billion, driving sustainable growth. “These achievements further bolster our confidence in achieving sustainable and profitable growth, driven by our robust expertise and leadership in the market,” he said.

 

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New appointments at India Cements

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India Cements has announced the appointment of Suresh Vasant Patil as Chief Executive Officer (CEO) and Krishnagopal Ladsaria as Chief Financial Officer (CFO), effective January 1, 2025. At its board meeting, the company approved the appointments based on recommendations from the nomination and remuneration committee. Suresh Vasant Patil currently oversees UltraTech Cement’s ready-mix concrete, key accounts, and building products division. Krishnagopal Ladsaria previously served as CFO at Century Enka, an Aditya Birla Group-listed company.

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