Cement News tagged under: India
India prepares for the upturn03 October 2016, Published under Cement NewsAfter a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following a good monsoon is positive. Share prices of all Indian cement majors are hitting an all-time high on the stock exchanges, including Mumbai (pictured) as demand for cement looks set to grow by 6-7 per cent in 2016 [Copyright: Big Rolo Images] Following strong growth in the Jan-Mar... |
India: production halts at JK Cement Muddapur plant29 September 2016, Published under Cement NewsJK Cement have announced that its 3Mta plant in Muddapur, Baglakot, India, has temporarily ceased operations. The clinker silo roof unexpectedly caved in, causing steel structural supports and a clinker conveyor drive station to fall into the silo. The decision to temporarily stop production was made for safety reasons and to avoid any collateral damage. Production and dispatch will be resumed as soon as possible once the debris has been removed from the clinker silo and any necessary rep... |
UltraTech Cement27 September 2016, Published under Cement NewsUltraTech is one of 10 companies being fined by the Competition Commission of India (CCI) for allegedly conspiring to fix cement prices, contravening competition law. The total fine amounts to US$944m, 76 per cent of which is being borne by UltraTech, Jaiprakash Associates, Ambuja Cements and ACC. Other firms being penalised include Lafarge Century, Ramco, India Cements, Binani and JK Cements. The Cement Manufacturers Association (CMA) is also been ordered to pay US$110,000. The fine foll... |
India: Rain Cements brings WHR power plant online26 September 2016, Published under Cement NewsRain Cements Ltd has started its waste heat power generation (WHPG) plant at its cement unit at Boincheruvupalli Village, Peapully Mandal, Kurnool district in Andhra Pradesh, India. The new facility will generate up to 7MW from the waste heat and flue gases from the cement works. The power plant represents an investment INR0.7bn, finance entirely from internal funds. It will enable Rain Cements to reduce the use of fossil fuels and the cost of power generation. |
India: Ramco mine expansion dispute23 September 2016, Published under Cement NewsA public hearing convened to discuss the expansion of a limestone mine belonging to a private cement plant owned by Ramco Cement in Sendurai, Tamil Nadu, was interrupted by attendees protesting the plans. Police removed 13 people who threw chairs and objected the proposal. The commotion began when a group of people barged into the meeting, complaining that they had not been given the opportunity to attend despite living in and around Thamaraipoondi, the village where the mine will be loca... |
Dalmia launches premium brand21 September 2016, Published under Cement NewsDalmia Cement Bharat has launched its new premium brand, Dalmia DSP Cement. B K Singh, Dalmia senior executive director and group head, said the new cement brand will first be available in Tamil Nadu. The new cement is said to make concrete buildings more durable and will be packed in a way that will allow for longer storage, even during rainy seasons. Executive Director, K Swami Nathan, said that the launch gives Dalmia the opportunity to maximise customer preference, adding that it woul... |
India: Mangalam Cement production increase20 September 2016, Published under Cement NewsFollowing a trial run at the plant in August 2016, Mangalam Cement’s new 0.75Mta grinding unit in Aligarh, Uttar Pradesh, has commenced operations. The expansion project that introduced the plant's new grinding unit is said to have cost INR700m (US$10.4m) The company’s overall capacity now stands at 4Mta, up from 3.25Mta. |
India: Nirma raises US$598m to finance Lafarge acquisition16 September 2016, Published under Cement NewsNirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times reports. Nirma has created a special purpose vehicle, Nirchem, which administered the bond sale and will be used in the acquisition process. The sale, the largest of its type, was oversubscribed, with investors attracted by the 8.68 per cent yield, seen a decent price given Nirma’s AA credit rating. |
India: Ramco increases sales by 15% in 1Q16-1716 September 2016, Published under Cement NewsRamco Cements Ltd has stated that it sold 2.076Mt of cement in domestic and export markets during the first quarter ending on 30 June 2016 compared to 1.813Mt in corresponding quarter last year, which translates to a growth of 14.5 per cent. The company has earned a net profit of INR1563.6m (US$23.4m) in 1Q16, an increase from INR992.50m in 1Q15. Cement sales improved by about 15 per cent during the first quarter of 2016-17 compared to 1Q15. Ramco operates eight integrated cement plants... |
India: cement industry demand raises coal imports12 September 2016, Published under Cement NewsThe demand for coal with a high calorific value, primarily from the cement sector, combined with the doubling of clean environment cess has resulted in a shift in coal imports into India. Steam coal imports have been declining in the April-June 2016 quarter due to higher output of domestic mines, but the key shift relates to the origin of the imports. While Indonesia has accounted for the majority of coal imports, in the 1Q16-17 import growth of coal sourced from this Asian country has re... |