Cement News tagged under: India
UltraTech sees sales increase in 1QFY24-2522 July 2024, Published under Cement NewsUltraTech Cement Ltd , part of Aditya Birla Group, has reported consolidated net sales of INR178,790m (US$2.14bn) in the first quarter of FY24-25 (ended 30 June 2024). This compares to INR175,190m in the same period a year earlier. Profit before interest, depreciation and tax fell from INR32,230m 1QFY24-25 to INR32,050m in the same period a year later, while profit after tax advanced slightly from INR16,880m to INR16,970m. According to the company, the quarter under review saw a six per... |
Adani Group targets Jaypee Group's cement assets18 July 2024, Published under Cement NewsAs lenders have initiated insolvency and bankruptcy proceedings against Jaiprakash Associates Ltd, the Adani Group is looking to acquire the Jaypee Group ’s cement assets, which boast over 9Mta capacity, according to a report by Moneycontrol. Jaiprakash Associates has been selling its cement plants to reduce debt, with a significant portion of its cement business previously acquired by UltraTech in 2016 for over INR160,000m (US$1.9bn), adding 22.4Mta capacity to UltraTech’s... |
Cochin Port opens fourth terminal15 July 2024, Published under Cement NewsA new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to handle 0.3Mta of cement. The first vessel to enter the terminal was the Penna Suraksha, the largest self-discharge vessel in Asia with a discharge capacity of 1000tph. The 25,000t cargo from Krishnapatnam will be bagged at Penna Cement Industries’ plant at the port. |
Oriana Power awarded INR1.55bn solar plant order15 July 2024, Published under Cement NewsOriana Power received a new order for a 40MWp solar plant in Rajasthan, India. The INR1.55bn (US$18.5m) contract was awarded by an undisclosed cement producer and includes the engineering, procurement and construction, commissioning, operation and maintenance of the solar plant. The order is scheduled to complete its execution in nine months' time. The operation and maintenance period is 25 years from the commissioning date. |
Boiler explosion kills two and injures 14 at UltraTech plant09 July 2024, Published under Cement NewsA boiler explosion at the UltraTech Cement factory in the Jaggaihpet region of India has reportedly killed two workers and injured 14 others. Of the injured, Avula Venkatesh and Paritala Arjun died while being treated, and a further three workers are said to be in critical condition according to NTR District Collector, Gummalla Srijana. The Jaggaiahpet police have announced that the explosion may have occurred due to a suspected gas leak in the boiler unit, following a p... |
Dalmia Bharat adds 1Mta of capacity at Kadapa05 July 2024, Published under Cement NewsDalmia Bharat Ltd has expanded the capacity of its integrated cement production facility at Kadapa in Andhra Pradesh by an additional 1Mta. The company announced on 4 July that the expanded capacity had begun production. The expansion, which required an investment of INR2.07bn (US$24.79m), will increase the total capacity of the Kadapa unit to 3.6Mta and the company’s total installed capacity to 46.6Mta. The expansion aims to meet the growing cement demand in the southern markets and... |
Lindner founds Indian subsidiary05 July 2024, Published under Cement NewsLindner continues its expansion with the foundation of Lindner Recyclingtech Bharat (India) LLP, headquartered in Delhi, India. Together with Chirag Verma, co-owner of Lindner Bharat, and Ganesh Karankal, sales director of plastics recycling, the aim is to develop sustainable recycling solutions for the waste and plastics industry. India produces approximately 62Mta of waste every year and this volume continues to rise. Therefore, the rate of recycling, which varies depending on the type ... |
Dalmia Bharat to collect an additional 70,000t of RDF from Gadakana01 July 2024, Published under Cement NewsThe Bhubaneswar Municipal Corp(BMC) has announced its decision to allow Dalmia Cement (Bharat) Ltd to collect an additional 70,000t of refuse-derived fuel (RDF) from the Gadakana temporary transit station. The RDF is produced from the waste that is processed at the site. Previously, the state government had partnered with four cement plants – Dalmia’s Rajgangpur, Siva Cement’s Kutra, ACC’s Bargarh and Toshali Cements’ Ampavalli – to manage non-recyclable waste, but only Dalmia has an a... |
JK Cement posts 65% YoY jump in PAT01 July 2024, Published under Cement NewsJK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m. Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), up 17 per cent YoY, giving a utilisation rate (excluding Toshali and Fujairah) of 81 per cent. In ter... |
UltraTech commissions Tadipatri production line01 July 2024, Published under Cement NewsUltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addition forms part of the 22.6Mta capacity expansion announced in June 2022. Furthermore, with debottlenecking, the company has increased the capacity of its grinding unit at Jharsuguda , Odisha, by 0.4Mta taking it to 4.5Mta. As a result, UltraTech’s total cement capacity has reached 154.86Mta. |