Cement News tagged under: India
Gallantt Industry orders ready2grind plant06 May 2021, Published under Cement NewsGallantt Industry has ordered the first ready2grind plant for the Indian subcontinent from Gebr Pfeiffer, which will be installed at its Gorakhpur factory in Uttar Pradesh, India. With 65tph capacity at an average product fineness of 3750cm²/g according to Blaine, the planned MVR 2500 C-4 represents the medium-size of the ready2grind plants. Due to its installation in the vicinity of a steelworks, blast furnace slag, steelworks slag from an induction furnace and fly ash from an inhouse pow... |
NCL Industries receives approval for 110tph project04 May 2021, Published under Cement NewsIndia’s NCL Industries has received board approval to set up a 110tph cement grinding and packing facility at its third line in Mattapalli, Telangana. The project represents an investment of INR1.05bn (US$14.2m). It is expected to be completed within 18 months of the date of its financial closure. |
Ambuja Cements has posted a 30% rise in net sales30 April 2021, Published under Cement NewsIndia’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th... |
Dalmia Bharat sees surge in consolidated profit30 April 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year. |
Shree Digvijay Cement posts 8% rise in income29 April 2021, Published under Cement NewsIndia’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m. |
Zuari Cement issued with closure order26 April 2021, Published under Cement NewsZuari Cement’s operations in Yerraguntla, Kadapa, has been issued with a closure order by India’s Andhra Pradesh Pollution Control Board (APPCB). The closure orders were issued to the company for failing to abide by the environmental conditions prescribed by the pollution control board, according to the New Indian Express. As a result, the APPCB has asked the local power distributor to disconnect power connectivity to the plant. |
ACC and Ambuja partner to research sustainable solutions23 April 2021, Published under Cement NewsIndia’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction work. The collaborative research study will be financially aided by the LafargeHolc... |
ACC reports 74% rise in profit for the 1Q2120 April 2021, Published under Cement NewsIndia's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its... |
L&T Construction wins 3.5Mta project in India20 April 2021, Published under Cement NewsIndia-based Larsen and Toubro (L&T) Construction has announced several significant contracts across multiple sectors, including the cement industry, with values in the range of INR10-25bn (US$134-334m). As such, its building and factories segment won an order from one of the country’s leading cement manufacturers for a 3.5Mta brownfield project in Nimbahera, Rajasthan. The scope of work involves mechanical and civil works as well as equipment erection. |
ACC Ltd outlines its new capacity projects15 April 2021, Published under Cement NewsACC Ltd (LafargeHolcim) plans to increase its clinker and cement capacities which will see an integrated greenfield project of 2.7Mta clinker capacity with 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh. Expansion of the existing Tikaria grinding unit with 1.6Mta cement capacity and a grinding unit in Shonebhadra district, Uttar Pradesh, with 2.2Mta of capacity is progressing, said the company. The company also recently completed and commissioned a new grinding unit at Sindri, ... |