Cement News tagged under: India
The India Cements acquires Springway Mining Pvt Ltd29 June 2022, Published under Cement NewsThe India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh. |
Indian event highlights role of calcined clay cement27 June 2022, Published under Cement NewsThe best way forward is to adopt transformative technologies that help decarbonise the cement industry, according to a number of stakeholders who gathered for the 24th "trialogue 2047" hosted by Development Alternatives (DA) in New Delhi, India on 24 June 2022. The event brought together representatives from the cement industry, government, institutions, civil society and academia to discuss the urgent need for decarbonisation. Limestone calcined clay cement (LC3) is seen as a major innov... |
Gujarat Sidhee Cement temporarily stops kiln23 June 2022, Published under Cement NewsIndia-based Gujarat Sidhee Cement Ltd said it has stopped the kiln at its Sidheegram plant for 15-20 days. The stop has been attributed to the plant’s high clinker inventory. Cement grinding and dispatches will continue, according to Reuters. |
Kesoram to boost cement capacity to 15Mta22 June 2022, Published under Cement NewsKesoram Industries Ltd, part of the B K Birla Group, announced that its plans to increase its cement production capacity to 15Mta from 11Mta. The expansion plan will take 3-4 years to complete, according Mr P Radhakrishnan, whole-time director and CEO of Kesoram industries. The increase is cement capacity represents an investment of INR3.5bn-5bn (US$44.8m-64m). Kesoram Industries planned to increase capacity by 1Mta by debottlenecking and then add a kiln to the existing facility to decre... |
UltraTech Cement starts new clinker cooler at Hirmi plant21 June 2022, Published under Cement NewsA new IKN Pendulum Cooler ® has been successfully commissioned at UltraTech Cement’s Hirmi cement plant in Chhattisgarh. The the IKN Pendulum Cooler ® successfully completed its first 24 hours of operation. This is the second IKN cooler running in this plant with the same production capacity of 8000tpd as the one installed 2015 for line No 1. |
India on the recovery path20 June 2022, Published under Cement NewsIndia’s cement industry made a strong comeback in 2021 as the economy started showing a visible post-COVID-19 recovery. The sector posted steep YoY growth of 21 per cent – a level not seen in recent decades – pushing overall production to above pre-pandemic levels. However, sustaining the situation through 2022 may prove challenging. As the Indian economy commenced its post-COVID-19 recovery, cement demand has returned. However, the strong YoY growth may not be sustainable Va... |
GDP recovery fuelling Indian cement demand17 June 2022, Published under Cement NewsCement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infrastructure and affordable housing markets expected to see low double-digit growth on the back of high... |
Ambuja Cements embraces digitalisation16 June 2022, Published under Cement NewsAmbuja Cements Ltd ( Holcim group ) has renewed its focus on digitalisation. This will remain a key area for Ambuja Cements as it reshapes the way the company operates from running the plants to managing logistics and supply chains and ensuring customer connect. To this end, the company has invested in its ‘Plants of Tomorrow’ initiative, which aims to make manufacturing more efficient through better plant optimisation, higher plant availability and a safer working environment. Under th... |
Adani Group in discussions to raise US$4.5bn13 June 2022, Published under Cement NewsFollowing its acquisition of Holcim’s business in India, the Adani Group is in discussions with more than a dozen foreign banks in a bid to raise US$4.5bn. According to The Economic Times, this marks one of the largest loan-based fundraisings in foreign currency by an Indian corporate entity. The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The mezzanine financing may raise US$1bn, while the... |
Dalmia Bharat Ltd announced INR90,000m capex spending10 June 2022, Published under Cement NewsDalmia Bharat Ltd has said that the government's continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry and the company has committed to a capex of over INR90,000m to expand its manufacturing capacity over the next few years to meet the growing demand. "Aligned with the government's vision of building a stronger India, we committed a capex of INR90,000m over the next few years. We are eyeing greenfield units and the debottlenecking... |