Displaying items by tag: Mangalam Cement Limited
Indian cement producers hit by rise in import duty on petcoke
19 December 2017India: The government has raised the import duty on petcoke to 10% from 2.5%. This follows the abolition of a ban on petcoke and furnace oil to the cement and power industries in Delhi, Haryana, Rajasthan and Uttar Pradesh by the Supreme Court, according to Reuters. The increase in import duty is expected to create a rise in coal imports as companies change their energy mix. Shree Cement, JK Cement, J K Lakshmi Cement, UltraTech Cement and Mangalam Cement are all expected to be particularly affected by the tariff change. India is the world’s biggest consumer of petcoke, with much of it imported from refineries in the US.
Mangalam Cement starts production at Aligarh grinding plant
20 September 2016India: Mangalam Cement has started commercial production at its 0.75Mt/yr grinding plant in Aligarh, Uttar Pradesh following trials in August 2016. The cement producer has increased its overall cement production capacity to 4Mt/yr. Part of the BK Birla Group, the company produces 43 grade cement, 53 grade cement and Portland Pozzolana Cement (PPC) and markets it under the brand name of 'Birla Uttam.'
Mangalam Cement appoints new CFO
10 August 2015India: Mangalam Cement Limited has announced that Anil Kumar Mandot has resigned from the post of CFO. The board of directors has appointed Yaswant Mishra as CFO with effect from 7 August 2015. This is in addition to his present designation of president (corporate).