Cement News tagged under: India
KHD signs EP contract with India's ACC19 March 2020, Published under Cement NewsRegional subsidiaries of KHD Humboldt Wedag have signed an EP contract with India's ACC Ltd (LafargeHolcim) for the engineering, supply of equipment and supervisory services related to the erection and commissioning of a raw meal grinding unit and a pyroprocessing line. The EUR35m contract package also includes the supply and installation of the electrical and instrumentation equipment for an entire cement plant. The contracts are expected to be booked as order intake as soon as the condi... |
Andhra Pradesh producers to reduce prices for government projects18 March 2020, Published under Cement NewsCement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani... |
India Cements sees investors increase stake17 March 2020, Published under Cement NewsThe Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. This follows the family boosting their stake from 7.27 per cent to 11.98 per cent on 26 February 2020. |
CCI to meet cement demand for new hydropower project12 March 2020, Published under Cement NewsIndia’s National Hydroelectric Power Corporation (NHPC) has signed a memorandum of understanding with the Cement Corporation of India (CCI) to meet the cement requirements for its 2880MW Dibang Multipurpose Project. The project, once installed, would be the country's largest dam. CCI has announced plans to install a clinker grinding unit near the project area, which would fulfil the cement requirements of the project and also generate employment opportunities. |
Asia’s plastic potential09 March 2020, Published under Cement NewsWith the highest consumption of plastic in the world and representing two-thirds of global cement production, five Asian countries provide the opportunity to address the worldwide issue of non-recyclable plastic waste. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, SINTEF, Norway. Collection of plastic in Binh Duong, Vietnam, January 2020 A total of 6.3bnt of plastic waste was created global... |
Sagar Cements records 8% YoY fall in production06 March 2020, Published under Cement NewsIndia’s Sagar Cements has seen its standalone cement production fall 7.9 per cent to 207,860t in February 2020, compared to 225,751t in the year-ago period. Consolidated cement production was also down 3.6 per cent YoY to 287,833t from 298,540t. The company's standalone cement sales for the month declined 2.6 per cent YoY to 212,002t from 217,540t in February 2019. However, consolidated cement sales increased 2.4 per cent YoY to 294,518t from 287,512t. |
JSW Cement launches Jajpur grinding plant04 March 2020, Published under Cement NewsJSW Cement has announced that it has recently inaugurated the 1.2Mta Jajpur cement plant in Odisha, India. The launch was graced by the honourable Ratan Jindal, Parth Jindal and Abhyuday Jindal. With this expansion JSW Cement's cement capacity has expanded to 14Mta. |
Mancherial Cement Company faces possible closure04 March 2020, Published under Cement NewsMancherial Cement Company (MCC), formerly known as Associated Cement Companies (ACC), one of the oldest cement manufacturers in south India, is on the verge of closure, reports Telangana Today. Owing to its weak economic condition, the existing management of the plant is struggling to pay power bills and to clear loans availed from various banks. The plant was built in 1958 with German technology and with a capacity of 1000tpd. |
ACC and Ambuja Cement announce new MDs & CEOs25 February 2020, Published under Cement NewsACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen... |
Ambuja Cement sees revenue up 6% in the 4Q1921 February 2020, Published under Cement NewsIndia’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13.78bn in the year-ago period. Revenue from operations was up six per cent YoY to INR71.26bn from INR67.29bn. The company also saw stand-alone sales volumes advance 6.7 per cent YoY to 6.54Mt in the 4Q19. "Ambuja continued its growth momentum and delivered yet another strong quarter, driven by a robust topline perf... |