Cement News tagged under: India
Dalmia Bharat Ltd records rising sales volumes of 22.2Mt in FY2211 May 2022, Published under Cement NewsDalmia Bharat Ltd reported its FY22, for the period ending 31 March 2022, with sales volumes reaching 22.2Mt compared to 20.7Mt in FY21. The company’s EBITDA totalled INR112,860m (US$1461m) in the FY22 up from INR101,100m in the FY21. However, Dlamia Bharat’s profit after tax reached INR11,600m compared to INR11,860m in the FY22. Dalmia Bharat’s 4QFY22 sales totalled 6.6Mt compared to 6.4Mt in the 4QFY21. EBITDA in this period totalled INR6830m down from 7680m in the 4Q21. Profit after ... |
India champions blended cements06 May 2022, Published under Cement NewsIndia's production of ordinary Portland cement (OPC) continues to fall as the manufacture of blended cements, such as Portland pozzolana cement (PPC), Portland slag cement (PSC) and composite cements based on granulated blastfurnace slag and fly ash, increase on the back of strong demand. Blended cements currently account for 73 per cent of total cement production in India, compared to 27 per cent for OPC, according to the recent GCCA India report, ‘Blended cement - green, durable & sustain... |
Tamilnadu Cements to build new grinding unit04 May 2022, Published under Cement NewsTamilnadu Cements has revealed plans to build a new grinding plant at Alangulam, in Tenkasi district, Tamil Nadu, India. The new unit, which will cost US$5.23m, will serve the nearby Arasu cement plant, according to The Hindu newspaper. With construction expected to take 10 months, the new facility will double capacity from 0.28Mta to 0.56Mta, helping to meet huge demand in the southern districts and boosting production of Tamilnadu Cement's Valimai brand, which the company has sold ... |
Dalmia Bharat joins the Holcim India race03 May 2022, Published under Cement NewsDalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta. UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro... |
UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-2202 May 2022, Published under Cement NewsUltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31 March 2022. The company reported consolidated net sales of INR155,570m (US$2035m) in the 4QFY21-22 versus 142,320m over the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY21-22 was INR31,650m compared to INR37,510m in the corresponding period of the previous year. Normalised profit after tax was INR14780m in the 4QFY21-22 compared t... |
JSW Group joins the race for Holcim in India02 May 2022, Published under Cement NewsThe race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement by the Adani Group, helmed by billionaire Gautam Adani, which is also in discussions with a number of global lenders. JSW Group has reportedly received assurances for funds of up to US$11bn from PE firms and lenders, including American PE major Carlyle... |
Ramco Cements Ltd completes WHRS at Jayanthipuram plant27 April 2022, Published under Cement NewsThe Ramco Cements Ltd has invested in the waste heat recovery system (WHRS) for power generation in all the three lines of its Jayanthipuram cement plant. The last leg of the preheater was commissioned on 16 April 2022. With this, the 27MW WHRS has been fully commissioned at the plant. Further, "we are set to commission company's fifth integrated cement plant at Kolumigundla, Kurnool district, Andhra Pradesh together with 12.15MW of WHRS. The overall capacity of company's WHRS will in... |
Aditya Birla Group will consider buying Holcim's Indian assets26 April 2022, Published under Cement NewsKumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel... |
JSW Group in discussions to raise funds to bid for Holcim's Indian operations22 April 2022, Published under Cement NewsSajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter. Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements and ACC Ltd up for sale as part of a global strategy to focus on core markets. JSW, one of the strong contenders for the acquisition, is busy organising b... |
Cement prices in India face further rise21 April 2022, Published under Cement NewsFollowing the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13 per cent. In the last six months, coal and petcoke prices have surged by 30-50 per cent, according to industry sources. A report by Indian analysts CRISIL, domestic cement prices are expected to advance a further INR25-50/bag in April as producers start to pass on rising costs to consumers. This follows a rise to INR390/bag in the past 12 m... |