Cement News tagged under: india
UltraTech Cement22 May 2019, Published under Cement NewsFollowing its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as part of the deal. Prior to the agreement with UltraTech, Binani had tried to sell its 90 per cent stake in the Chinese plant but was unsuccessful. Finding a buyer for the UAE grinding works is also expected to be difficult due to overcapacity in the country. Meanwhile, UltraTech is pushing ahead with its plans to est... |
India’s return to stability22 May 2019, Published under Cement NewsWhile India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2... |
JSW Cement plans to double green cement capacity22 May 2019, Published under Cement NewsIndia’s JSW Cement Ltd plans to double its green cement capacity over next couple of years. At present, the company produces green cement at its Salboni unit in West Bengal to cater to the demand of the eastern region. "The eastern markets in India are very important to JSW Cement’s growth story. Over the past year, we have implemented several initiatives to cater to requirements of all our customers, and the capacity expansion is testimony to our commitment to serving them better. The pr... |
Shree Cement sees 14% revenue increase and plans new capacity20 May 2019, Published under Cement NewsIndia’s Shree Cement has announced a 19.6 per cent YoY fall in net profit to INR3.21bn (US$46.18m) for the 4QFY18-19. However, revenue increased 14.2 per cent to INR33.29bn from INR29.15bn. The company’s cement segment recorded a 16.9 per cent increase in revenue to INR32.84bn from INR28.11bn. Meanwhile, the company has also announced plans to add 3Mta of grinding capacity to its unit in Pune, Maharashtra. The project is expected to be completed by September 2020 and represents an invest... |
JK Cement sees 55% rise in 4Q net profit20 May 2019, Published under Cement NewsIndia-based JK Cement reported a 55 per cent rise in net profit to INR1.5bn (US$21.5m) for the fourth quarter ended March 2019 when compared with INR960m in the 4QFY17-18. The company’s total revenues rose from INR13.16bn in the 4QFY17-18 to INR14.92bn in the final three months of the 2018-19 financial year. However, JK Cement’s net profit declined to INR3.25bn in the FY18-19, down five per cent when compared with INR3.41bn in FY17-18. |
Burnpur Cement posts net loss of INR31.2m in 4QFY18-1920 May 2019, Published under Cement NewsIndian cement producer Burnpur Cement has reported a net loss of INR31.2m (US$448,725) in the fourth quarter of FY18-19. This compares to a net loss of INR39.5m posted in the previous year’s quarter ended March 2018. Sales rose 29.1 per cent YoY to INR240.2m from INR18.61m. For the full financial year, net loss came down to INR126.7m in FY18-19 from INR444.9m in FY17-18. Sales increased 106.3 per cent to INR867.6m in the FY18-19 from INR420.6m in the previous financial year. |
Madhya Pradesh Power Generating Co plans grinding facility09 May 2019, Published under Cement NewsMadhya Pradesh Power Generating Co is planning a cement grinding unit at its Satpura Thermal Power Station in Sarni, Betul district, Madhya Pradesh, India. The company will offer a maximum of 4.25ha of land near its thermal power plant on payment of lease charges for 30 years and 0.25Mt of dry fly ash will be supplied free-of-cost basis during this period. The project team is currently evaluating tenders. |
The road to net-zero08 May 2019, Published under Cement NewsShree Cement, one of India's top three cement producers with a production capacity of 35Mta, has announced its commitment to set a science-based target to cut its greenhouse gas (GHG) emissions and help tackle climate change. The company follows two other leading Indian cement producers, Dalmia Cement and Ambuja Cement in setting science-based targets and provides "a powerful signal of change", according to global non-profit coalition We Mean Business. However, is reaching net-zero emission... |
Sagar Cements completed Jajpur acquisition08 May 2019, Published under Cement NewsIndia-based Sagar Cement has completed the acquisition of its 100 per cent stake in Jajpur Cements Private Ltd (JCPL). The company will now start the process of establishing a 1.5Mta greenfield grinding plant in Jajpur, Odisha. In December, Sagar Cements’ board had approved the investment of INR1.08bn (US$15.6m) in JCPL in a phased manner and to set up the INR3.08bn plant in Jajpur. The new unit is expected to be completed by March 2021. |
Chariot Steel and Power plans 300tpd grinding unit08 May 2019, Published under Cement NewsChariot Steel and Power Ltd intends to build a cement grinding plant at Kalunga Estate, Sundergarh district, Odisha, India. The unit, located on a 10acre site will produce 300tpd of OPC, PPC and PSC cement. Equipment for the INR124.7m (US$1.1m) project is yet to be ordered and Chariot currently is awaiting environmental clearance. Project completion is scheduled in 10 months from zero date. |