Fastest Growing Ceramic, Tiles And Sanitaryware Companies

India is the second-largest ceramic tiles producer in the world, accounting for 7 per cent of global production. Increasing housing demand accounts for 70 per cent of the total tile demand in the country. Rising domestic consumption and exports will drive the ceramics industry, with major export markets being the Middle East and Europe; in fact, 20 per cent of the total ceramics export is shipped to Saudi Arabia. Initiatives like Make in India, Housing for All, Swachh Bharat and the Smart Cities Mission are expected to generate volume-driven growth, resulting in economies of scale.

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JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Prism Johnson's cement division goes live with Ramco ERP Suite

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Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..