According to news reports, UltraTech Cement's Rs 16,189 crore acquisition of the cement business of Jaiprakash Associates may be 'completed soon', according a top executive in the know of the situation.

ACC Ltd has reported an 8.9 per cent fall in net profit for the quarter ended 31 March. Consolidated net profit for the quarter fell to Rs 211.06 crore from Rs 231.70 crore a year earlier. Consolidated sales in the quarter rose 9.1 per cent to Rs 3,556.70 crore from Rs 3,259.95 crore a year earlier.

Emami Cement has commissioned a cement grinding unit in district Burdwan, West Bengal. The 2 million tonnes/year (t/y) grinding plant cost Rs 5 billion and was commissioned in 13 months, the company said.

The MP Birla Group has chosen Lodestar UM, the media agency from IPG Mediabrands, to handle the media duties of its cement business.

The delivery of goods cannot be completed without the involvement of a transport agency, and cement is no exception. In the cement business, 35 per cent cost is attributed to distribution, out of which around 15 per cent is towards transportation alone.

Demonetisation may have landed people in trouble, but it has also resulted in daily wage earners, workers and small shopkeepers connecting with the banking system.

Net revenues at Summit Materials cement business have increased by 12.7 per cent in 4Q16 and 49.3 per cent for the full year, as the company benefitted from the acquisition of the Davenport business from Lafarge North America in 2015, as well as rising average selling prices and strong demand in its core markets along the Mississippi River.

Shree Cement Ltd, one of India´s leading cement manufacturers, has won the prestigious ´Excellence Award Under Cement Industry´ (SCALE) given out by CII on December 16, at New Delhi.

Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.