Displaying items by tag: Malabar Cements Limited

India: Malabar cement has announced the launch of a new dry mix for plastering buildings. The Hindu newspaper has reported that the mix consists of dried sand and cement. It is available in 40kg bags.

India: The government of Kerala plans to increase its cement production in order to help lower the price of cement in the state. The Times of India newspaper has reported that the state owns 10% of its cement industry. It plans for state-owned Travancore Cements to increase grey cement, white cement and wall putty production at its Nattakom grinding plant in Moolavattom. Its other cement company, Malabar Cement, previously increased its cement production.

The state government also convened a meeting of private sector cement producers in order to discuss the possibility of a reduction in the price of cement.

India: The Kerala state government aims to establish 25% state ownership of the cement industry locally. The New Indian Express newspaper has reported that the policy aims to control rising cement prices. The government said that state-owned Malabar Cements and Travancore Cements will increase their cement production. The former has already lowered its cement prices, according to the administration.

India: The excise department in the Indian state of Kerala has come to an agreement with Malabar Cement in which Malabar will burn seized contraband cigarettes and other tobacco products in its cement kilns. The company’s plant at Walayar is expected to receive up to 2t of material per month, in exchange for bags of cement from Malabar.

India: State-owned producer Malabar Cements will increase production following reduced production over the last three months. The state government of Kerala has intervened following price rises, according to the Hindu newspaper. Malabar Cement sells around 6 - 8% of the cement sold in the state. The state government is also considering regulating the price of cement.

India: The Central Pollution Control Board (CPCB) has ordered Malabar Cements plant at Walayar, Palakkad in Kerala to comply with emissions standards or face closure. The cement producer has been given seven days to comply from the 31 December 2018, according to the Times of India newspaper. Malabar Cements was originally granted extra time, to 10 May 2018, to meet the new standards. The CPCB later declared that no cement producer would be able to flout the rules past 31 August 2018. It also intends to fine the company around US$570/day from the end of August 2018 for breaking the standards.

India: The Kerala High Court is investigating how files have disappeared from its premises regarding a corruption case into Malabar Cement. The files were part of a 2015 petition, seeking a Central Bureau of Investigation probe into alleged instances of corruption in the cement producer, according to the Press Trust of India. Justice B Sudheendra Kumar described the situation as ‘alarming.’

In early 2017 the Vigilance and Anti-Corruption Bureau, a corruption body in the state of Kerala, arrested Prakash Joseph, a legal officer at Malabar Cements, in relation to a loss of US$0.4m. Previous to this in mid-2016 the Vigilance and Anti-Corruption Bureau arrested K Padmakumar, the managing director of Malabar Cements, on charges of corruption and irregularity.