Cement News tagged under: india
Lindner founds Indian subsidiary05 July 2024, Published under Cement NewsLindner continues its expansion with the foundation of Lindner Recyclingtech Bharat (India) LLP, headquartered in Delhi, India. Together with Chirag Verma, co-owner of Lindner Bharat, and Ganesh Karankal, sales director of plastics recycling, the aim is to develop sustainable recycling solutions for the waste and plastics industry. India produces approximately 62Mta of waste every year and this volume continues to rise. Therefore, the rate of recycling, which varies depending on the type ... |
Dalmia Bharat to collect an additional 70,000t of RDF from Gadakana01 July 2024, Published under Cement NewsThe Bhubaneswar Municipal Corp(BMC) has announced its decision to allow Dalmia Cement (Bharat) Ltd to collect an additional 70,000t of refuse-derived fuel (RDF) from the Gadakana temporary transit station. The RDF is produced from the waste that is processed at the site. Previously, the state government had partnered with four cement plants – Dalmia’s Rajgangpur, Siva Cement’s Kutra, ACC’s Bargarh and Toshali Cements’ Ampavalli – to manage non-recyclable waste, but only Dalmia has an a... |
JK Cement posts 65% YoY jump in PAT01 July 2024, Published under Cement NewsJK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m. Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), up 17 per cent YoY, giving a utilisation rate (excluding Toshali and Fujairah) of 81 per cent. In ter... |
UltraTech commissions Tadipatri production line01 July 2024, Published under Cement NewsUltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addition forms part of the 22.6Mta capacity expansion announced in June 2022. Furthermore, with debottlenecking, the company has increased the capacity of its grinding unit at Jharsuguda , Odisha, by 0.4Mta taking it to 4.5Mta. As a result, UltraTech’s total cement capacity has reached 154.86Mta. |
Tapping India's CO2 storage potential28 June 2024, Published under Cement NewsThis week the Global Cement and Concrete Association (GCCA) hosted a webinar with the Global CCS Initiative and the Clean Energy Ministerial (CEM) CCUS Initiative following the release of the 'CCUS in the Indian cement industry - A review of CO2 hubs and storage facilities'. While the country with the largest population is committed to achieving net zero by 2070, India currently emits 5.8 per cent of its CO2 emissions from cement manufacture. For the industry to decarbonise, it needs safe st... |
UltraTech Cement poised to buy 23% stake in India Cements28 June 2024, Published under Cement NewsUltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The decision was approved by UltraTech's Board of Directors during a meeting held on 27 June 2024. The investment, which is purely financial and not a related party transaction, is expected to help UltraTech retain a strong presence in the southern part of the country, as Adani firms are attempting to boost its hold in the r... |
Dalmia Bharat Cement targets 130Mta28 June 2024, Published under Cement NewsIndia’s Dalmia Bharat Cement plans to reach 110-130Mta of cement production capacity by 2031. The company has also announced an interim target of 75Mta by 2027. According to the company, it aims to achieve this through new construction projects, expanding existing facilities and through acquisitions. In May this year, its cement production capacity stood at 45.6Mt with projects underway to add a further 2.4Mta and 0.5Mta in Assam and Bihar, respectively. A further 9.4Mta will be adde... |
Shree Cement achieves 1GW renewable energy capacity27 June 2024, Published under Cement NewsIndia-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. The milestone includes solar, wind, thermal and waste heat recovery power plants. The company has invested INR40bn (US$478.6m) to expand its renewable energy portfolio, representing almost half of its total installed power capacity. In FY24-25 it plans to invest an extra INR10bn to further expand renewable capacity.... |
Adani Cements to increase marine transport21 June 2024, Published under Cement NewsFollowing its recent acquisition of Penna Cement Industries , India-based Adani Cements plans to increase the use of sea transport in its logistics mix. Currently, Adani uses sea transport for less than two per cent of its cargo, but this is expected to increase to 10 per cent by 2027-28. Penny Cement has five bulk terminals at Kolkata, Gopalpur, Karakul, Kochi and Colombo, and these will be particularly useful in serving the peninsular India region, according to Adani Cements CFO, Vin... |
Anhui Conch announces management changes21 June 2024, Published under Cement NewsAnhui Conch Cement has announced the resignation of Zhou Xiaochuan as executive director, joint company secretary, and member of the ESG Committee, effective from June 19, 2024. Yu Shui has been appointed joint company secretary and authorised representative, and is nominated as a candidate for executive director, awaiting shareholder approval at an upcoming extraordinary general meeting, according to Anhui Conch. |