Cement News tagged under: India
Dalmia Bharat Acquires 26% stake in Solarcraft Power India11 June 2024, Published under Cement NewsDalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt... |
Sonapur cement plant provokes violent protests11 June 2024, Published under Cement NewsTaj Cement Authority’s plans to build a new cement plant in Sonapur, Assam, India, was met by violent protests from local residents over concerns regarding the environmental impact of the plant on the local area. According to Indian Today, activists argue that the INR3420m (US$41m) project will cause irreversible damage to the local ecosystem, impacting not only the biodiversity of the area, which is known for its lush landscapes, and human health. |
UltraTech conserves record water amount in FY23-2410 June 2024, Published under Cement NewsUltraTech Cement Ltd, India’s largest cement and ready-mix concrete company, conserved 105Mm 3 of water in FY23-24, making it five times water positive in line with its stated ambition. UltraTech’s water management efforts encompass areas within the unit premises as well as beyond the fence, ie within the communities the company operates in. The 105Mm 3 of water conserved includes the water it has reused, recycled, harvested and recharged both within its unit premises and through communit... |
Vicat's Kalburgi plant begins training at its new AFR lab05 June 2024, Published under Cement NewsVicat Group has successfully completed of the first phase of its training programme on the new laboratory equipment at its recently-established alternative fuels and raw materials (AFR) laboratory at Kalburgi Cements Pvt Ltd's plant in Chatrasala , Karnataka. The training sessions ran between 23-30 May 2024 and over 20 employees from the quality control and AFR departments took part in the programme. The participants were introduced to a range of advanced laboratory instruments, incl... |
Sagar Cements posts 15% YoY production growth04 June 2024, Published under Cement NewsIndia's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood at a loss of INR520.5m, compared to a gain of INR96.1m in the previous year, while earnings per share... |
Barak Valley Cements posts revenue growth YoY31 May 2024, Published under Cement NewsIndia-based Barak Valley Cements has reported consolidated total revenue of INR709.5m (US$8.5m) in the quarter ended 31 March 2024, up from INR616.1m in the same period a year earlier. A net loss of INR11.7m was seen in the 2024 quarter, compared to a profit of INR12.8m in the quarter ended 31 March 2023. Total expenses over the same time frame advanced from INR584.4m to INR685.5m, driven primarily by the cost of materials consumed. Basic earnings per share declined from INR0.58 in the... |
India Cements announces capex plans30 May 2024, Published under Cement NewsIndia Cements plans to spend around INR7000m (US$84m) on capex over the next two years, primarily to improve operational efficiency, according to BusinessLine Online. Among its improvement initiatives, the company is installing a new 8MW waste heat recovery system at its Chilamkuru plant in the Kadapa district of Andhra Pradesh. Its Sankarnagar works at Tirunelveli in Tamil Nadu will receive a crusher, while its Dalavoi facility at Ariyalur in Tamil Nadu and the Banswara plant in ... |
Deccan Cements posts revenue advance YoY29 May 2024, Published under Cement NewsIndia’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit of INR30.1m in the March 2024 quarter, compared to INR99m in the year-ago period. Total expenses advanced from INR1857m in the quarter ended 31 March 2023 to INR2071.3m in the same period a year later, driven by the cost of materials consumed, and power and fuel. Earnings per share, meanwhile, f... |
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement28 May 2024, Published under Cement NewsUltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). A partial acquisition cash offer was made by the company on 27 May for over 158,049,610 shares of RAKWCT's issues and fully-paid capital. The acquisition will be executed by UltraTech Cement Middle East Investments Ltd (UCMEIL), the UAE-based subsidiary of the Indian ce... |
Anjani Portland Cement sees revenue advance YoY28 May 2024, Published under Cement NewsAnjani Portland Cement has reported total revenue of INR1282.8m (US$15.4m) in the quarter ended 31 March 2024. This compares to INR960.5m in the same period a year earlier. A net loss of INR16.3m was seen over the March 2024 quarter, marking a slight improvement on the INR18m loss posted in the same period in 2023. Total expenses, meanwhile, expanded from INR981m in the March 2023 quarter to INR1342m in the same period a year later. Earnings per share fell from a loss of INR0.50 at 31 ... |