Cement News tagged under: India
JK Cement launches new brand identity06 July 2021, Published under Cement NewsJK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new corporate identity is inspired by Shri Yadupati Singhaniaji’s vision, values and legacy. It is his v... |
JK Cement aims for 10% revenue growth in FY2205 July 2021, Published under Cement NewsIndia’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years. |
Wonder Cement orders mill from Gebr Pfeiffer02 July 2021, Published under Cement NewsIndia’s Wonder Cement has ordered its eighth vertical roller mill from Gebr Pfeiffer to grind petroleum coke and coal. The producer is starting the expansion of its cement plant in Tehsil Nimbahera, Chittorgarh, which will see its fourth 8000tpd rotary kiln be operated with petroleum coke and/or coal as fuel. Therefore, the company has ordered an MPS 3070 BK mill for fuel grinding. The throughput rate for pure petcoke grinding is 40tph with a product fineness of two per cent R90µm. The mil... |
Gujarat Sidhee Cement posts 28% rise in profit01 July 2021, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported a 27.8 per cent YoY rise in consolidated profit to INR207.9m (US$2.79m) in the 4QFY20-21, up from INR162.7m in the year-ago period. Revenue also increased 17.5 per cent YoY to INR1.94bn from INR1.65bn. In the full-year FY21 period, the company’s profit declined 31.9 per cent to INR305.4m from INR448.3m. Revenue also slipped 3.3 per cent YoY to INR5.66bn from INR5.85bn in the FY19-20. |
UltraTech’s Reddipalayam plant reaches a TSR of 25%30 June 2021, Published under Cement NewsUltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ... |
Mangalam Cement completes capacity upgrade at Morak29 June 2021, Published under Cement NewsIndia’s Mangalam Cement has completed a trial run of an expansion project at its Morak plant in Rajasthan. As a result, clinker capacity at the plant has been improved by 300,000tpa and cement by 400,000tpa. Following the upgrades to Morak’s Line I, overall capacity of the company now stands at 4.4Mta. |
Ambuja Cements and ACC make Industry 4.0 investment29 June 2021, Published under Cement NewsHolcim India companies, Ambuja Cements Ltd and ACC Ltd, are further investing in Industry 4.0 under the group's ‘Plants of Tomorrow’ programme. The four-year programme aims to create a global network of over 270 integrated cement plants and grinding stations in more than 50 countries by applying automation technologies and robotics, artificial intelligence, predictive maintenance and digital twin technologies to the entire production processes. Neeraj Akhoury, CEO India Holcim and mana... |
Improving outlook for Indian producer profitability29 June 2021, Published under Cement NewsRecent price hikes undertaken by cement manufacturers in India are expected to aid margin growth in the FY22, according to projections by brokerage house CLSA. Local producers have implemented consecutive price increases in March, April and May, and CLSA believes the sector's profitability outlook has improved, stated a report by Indian business news publication Mint. CLSA expects industry EBITDA/t to increase by three per cent YoY in the FY22. However, CLSA cautions that some of the discr... |
Panyam Cement prepares to restart operations28 June 2021, Published under Cement NewsIndia’s Panyam Cement, based in Andhra Pradesh, has received approval from the National Company Law Tribunal (NCLT) to begin operations once more. The NCLT approved the resolution plan for the defunct company, while its new management (RV Consulting Services Company and Sagar Power Ltd) are set to invest INR1bn (US$13.47m) to clear the loans of the previous management and a further INR1.5bn for fresh capital. |
thyssenkrupp Industrial Solutions India appoints a new CEO25 June 2021, Published under Cement NewsRajesh Kamath will head thyssenkrupp Industrial Solutions India, the plant engineering group company of thyssenkrupp Industrial Solutions AG (BU Uhde) in India. Kamath takes over the reins from the CEO & Managing Director PD Samudra, who superannuates at the end of June 2021, after heading the company from 2014 as the first Indian, since its incorporation as an Indian company in 1977. The official handover was formalised in an online meeting of the company’s key account Cust... |