22 February 2023
Indian Railways plans dedicated cement corridors 22 February 2023
India: Indian Railways has shared plans to establish dedicated rail corridors to supply raw materials to the cement sector. The Times of India newspaper has reported that the corridors will connect plants to sources of clinker, fly ash and limestone. Indian Railways says that the plans encompass ‘different parts of the country,’ and will be implemented over the 10-year period up to the end of the 2033 financial year. In addition to offering ‘better service’ and ‘attractive’ prices, the rail company will also carry out capital expenditure investments in order to maximise the volume of materials travelling on its cement corridors.
Kohat Cement buys back 2.5% of shares 22 February 2023
Pakistan: Kohat Cement has informed the Pakistan Stock Exchange that is has bought back 2.5% of its shares. The value of the transaction was US$191,000.