Cement News tagged under: India
Geocycle India to help reduce plastic waste leakage19 May 2021, Published under Cement NewsGeocycle India, the in-house waste management arm of LafargeHolcim’s Ambuja Cements and ACC, will implement its Bubble Barrier technology at the Mantola Canal in Uttar Pradesh, to tackle plastic waste leakage. "The Geocycle Bubble Barrier is an innovative concept based on existing technology which makes smart use of a combination of natural currents and a bubble curtain to channel plastic waste towards the banks of rivers and canals instead of it flowing directly into the Yamuna river, fr... |
Orient Cement reports INR99.87bn net profits18 May 2021, Published under Cement NewsOrient Cement Ltd (CK Birla group) has reported an over two-fold jump in net profit at INR99.87bn (US$1.36bn) in the fourth quarter ended March 2021. It had posted a net profit of INR44,060m for the January-March quarter a year ago. Its revenue from operation rose 27.06 per cent to INR831,610m during the quarter as against INR654.520m in FY4Q2020 For the fiscal year 2020-21, Orient Cement’s net profit rose to 214,180m It was INR86,580m in the previous year. |
Penna Cement refiles for IPO17 May 2021, Published under Cement NewsIndia’s Penna Cement Industries has refiled for its initial public offering to raise INR13bn (US$177.5m) through fresh equity shares while its promoters would raise INR2.5bn through an offer for sale. The company expects to use the capital to repay INR5.5bn of borrowings. It would also fund capital expenditure of INR1.05bn for its KP Line II project, while INR800m would go towards upgrading its raw grinding and cement mill in Talaricheruvu, and INR1.1bn and INR1.30bn towards setting up was... |
Birla Corp reports 27% net profit increase14 May 2021, Published under Cement NewsIndia’s Birla Corp has posted a net profit of INR2.49bn (US$33.87m) in the 4QFY20-21, up 27 per cent YoY from INR1.95bn, as cement sales advanced 24.5 per cent YoY to 4.17Mt. Revenue for January-March 2021 also advanced 24.9 per cent to INR21.46bn. Capacity utilisation reached 108 per cent. For the full-year, Birla Corp recorded its highest-ever net profit of INR6.3bn, up 24.7 per cent YoY, while revenue dipped 1.6 per cent to INR68.85bn. Cement sales also fell 1.8 per cent YoY to 13.39M... |
OPGC sends fly ash to Star Cement13 May 2021, Published under Cement NewsIndia-based Odisha Power Generation Corp (OPGC) has begun dispatching fly ash to Star Cement’s plant in Assam, with around 4000t sent from its thermal power station yesterday. OPGC has three dry fly ash silos with a capacity of 2300t each and has the potential to dispatch around 90000tpm of ash, which could be further increased in months to come. |
IKN wins cooler order from Jaykaycem Central12 May 2021, Published under Cement NewsIKN has received an order from Jaykaycem Central Ltd for a new cooler project at Panna, Madhya Pradesh, India. The new 8000tpd clinker cooler will be a two-stage cooler, equipped with an intermediate roll crusher. It is particularly designed to recirculate vent air to boost the waste heat recovery system (WHRS). One of the new features is a variable cooler inlet slope between 10-15° to adjust to the prevailing clinker conditions, says IKN. |
UltraTech Cement's 19.5Mta capacity projects start civil work11 May 2021, Published under Cement NewsUltraTech Cement has placed most of the equipment orders and has seen the start of civil work at the sites of its capacity expansion projects, according to a company update. Earlier the company had approved capacity expansion plans of 19.5Mta through a mix of brownfield and greenfield expansion, covering five integrated cement plants and 12 grinding units. The additional capacity is being created in the fast-growing markets of the east, central and north regions of the country. ... |
UltraTech Cement has CO2 reduction targets validated11 May 2021, Published under Cement NewsThe Science-Based Targets initiative (SBTi) has validated UltraTech’s carbon dioxide (CO 2 ) emissions reduction targets. In July 2020 the company had committed to set ‘science-based targets’ to reduce its greenhouse gas (GHG) emissions. UltraTech has also committed to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017 and Scope 2 GHG intensity by 69 per cent within the same time frame. The SBTi has validated UltraTech’s GHG reduction targets which covers the tar... |
UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q2110 May 2021, Published under Cement NewsUltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR37,510m vis-à-vis INR26,450m in the corresponding period of the previous year. Profit after tax was INR17,750m compared to INR11,290m in the corresponding period of the previous year. For the full year, consolidated net sales reached INR442,390m when compared with INR417,810m ... |
Nuvoco Vistas set to file papers for INR50bn IPO07 May 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes. |