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The Indian cement industry faces a growing problem in the scarcity of coal to fire their kilns. Petitions to the government’s coal ministry go unanswered and demand far outweighs supply. Several companies are turning to alternative fuels for their power needs. Hari Mohan Bangur, a director of Shree Cement, said “As coal prices are rising, there [...] Lafarge says they will double their commitment in India over the next five years. Bruno Lafont, Chairman and Global CEO says that Lafarge primarily intends to expand organically through greenfield plant construction, but that they will not rule out acquisitions if the opportunities present themselves. Lafarge expects a consolidation in the Indian cement market in the [...] |
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