Displaying items by tag: Cement Corporation of India
India: Manoj Kumar Sinha, a deputy general manager of the Cement Corporation of India has died in a car crash. Sinha and three other persons were killed in an accident on the Yamuna Expressway, according to the Times of India.
India: The Heavy Industry Minister Anant Geete has arranged a meeting with officials of the Telangana state government and the Cement Corporation of India (CCI) to discuss the possibility of opening the closed CCI cement plant in Adilabad. The meeting will be held in June 2016 at Hyderabad or New Delhi, according the Hindu newspaper.
The meeting is the second occasion that ministers from Telangana have met with Geete to lobby for the reopening of the CCI plant. Options being considered include privatising the plant or retaining control by the government. The cement plant has a production capacity of 4Mt/yr.
Government to revive Cement Corporation of India
16 December 2015India: The Government has prepared a revival scheme for the Cement Corporation of India.
The scheme, which was approved by the Government and ordered by the Board for Industrial & Financial Reconstruction (BIFR), envisages the expansion and modernisation of three operating units and the closure and sale of seven non-operating units.
Out of seven non-operating units, six units have been closed with effect from October 2008. The Adilabad unit could not be closed due to an interim order of the High Court of Andhra Pradesh for maintaining the status-quo. Action for the expansion and modernisation of the operating units was taken. However, the results of the entire scheme for revival of the CCI could not reach the desired level because of the non-sale of the assets of non-operating units of the company, which has caused a shortage of funds for the revival.