Cement News tagged under: Indian sub-continent
Lucky Cement continues to lead the Pakistan market29 March 2023, Published under Cement NewsLucky Cement has become the 10th-largest producer in market capitalisation on the Pakistan Stock Exchange (PSX) and continues to lead the cement industry as the largest cement producer in the country. According to AKD Research, Lucky Cement commissioned its Pezu capacity expansion of 3.15Mta in late December 2022 in Khyber Pakhtunkhwa, with a total cement capacity of 15.3Mta, holding its mark as the largest cement producer of Pakistan. Lucky Cement has 10.3Mta of cement capacity in th... |
DG Khan Cement completes solar power plant in Punjab29 March 2023, Published under Cement NewsKhalid Chohan, company secretary of DG Khan Cement Co Ltd ( Nishat Group ), informed the Pakistan Stock Exchange (PSX) on 27 March 2023 that the company has completed the construction and installation of an on-grid solar power plant of 6.952MW at its site in Khairpur , Chakwal district in the Punjab province of Pakistan. The plant has a capacity of 2.11Mt and uses mixed power generation. It has a dual fuel power production capacity of 33MW and 12MW of WHR. The project has successfu... |
Ambuja Cements wins community award28 March 2023, Published under Cement NewsAmbuja Cements , part of the Adani group, has scooped the Development Catalyst Award 2022 at the Livelihoods India Summit. Through its CSR arm, the company has been empowering the social and economic growth of communities located near to its manufacturing facilities, including the creation of farmers’ clubs, self-help groups, and women’s federations. A fund has also been set up to provide loans to local businesswomen to sustain their businesses, and provide financial assistance to farming f... |
UltraTech Cement wins Water Sustainability Award22 March 2023, Published under Cement NewsUltraTech ( Aditya Birla ) has been presented the ‘TERI-IWA-UNDP Water Sustainability Award 2022’ by The Energy and Resources Institute (TERI) in association with the International Water Association (IWA) and the United Nations Development Program (UNDP). The award was conferred to UltraTech at the ‘Second Water Sustainability Awards 2022-23’ at New Delhi on the eve of World Water Day 2023. UltraTech was recognised under the ‘Water For All’ category for the watershed project implemente... |
Lucky Cement receives NFEH's 15th Corporate Social Responsibilities Awards 202322 March 2023, Published under Cement NewsLucky Cement Ltd has announced winning the NFEH’s 15th Corporate Social Responsibilities Awards 2023 in the "Green Energy Initiatives" category. This award recognises the company's unwavering commitment to sustainable development and reducing its carbon footprint through the implementation of renewable energy solutions in its operations. Chief Operating Officer of Lucky Cement Ltd Amin Ganny, expressed his gratitude for the recognition and reiterated the company's commitment to promoti... |
Pakistan cement earns US$117.69m during the 8MFY22-2321 March 2023, Published under Cement NewsPakistan's cement industry constantly saw a negative to mixed export revenue trend in the 8MFY22-23 (July 2022-February 2023), according to the country’s Federal Bureau of Statistics (FBS). The country's political and continued economic uncertainty, high business costs and cooling world economy have impacted overseas and local dispatches. Overall, a delay in loan disbursement also hurt the sentiments of cement and other industries. BMA Capital Management Ltd adds that it has been a challengi... |
Lucky Cement completes the buyback of shares21 March 2023, Published under Cement NewsLucky Cement Ltd ( Yunus Brothers ) informed Pakistan Stock Exchange (PSX) that it had completed the buyback of its 10m shares, which began on 29 September 2022, at spot prices prevailing on the PSX during this period. These shares will now be cancelled to improve its “future financial position,” said a bourse filling of 17 March. The company used the funds from its “distributable profits” and utilised its “internally generated cash flows” for the transaction. The soon-to-be-cancelled s... |
Lucky Cement builds schools and vocational centres15 March 2023, Published under Cement NewsLucky Cement Ltd has announced the successful completion of its project to build a school in collaboration with The Citizen Foundation in Pezu, Khyber Pakhtunkhwa. The Abdul Razzak Tabba Block Lucky Cement Ltd Pezu Campus-I will provide primary education, while the Muhammad Yunus Tabba Block Pezu Campus-II will provide secondary education. The admissions for the first batch of 2023 are underway. This project aligns with the UNSDG "Quality Education" and emhasises the importance of educat... |
13 UltraTech mines receive 5-star rating14 March 2023, Published under Cement NewsUltraTech Cement Ltd has announced that 13 of its mines received five-star ratings for year 2021-22 from the Indian Bureau of Mines at the 75 th anniversary celebrations of the Indian Bureau of Mines. These are the highest number of five-star ratings awarded to any company in India across all sectors. Conceptualised by the Ministry of Mines, the star ratings are based on adoption of best practices for implementation of Sustainable Development Framework in mining. A five-star ratin... |
ABAD of Pakistan send SOS to save the construction industry14 March 2023, Published under Cement NewsThe Association of Builders and Developers of Pakistan (ABAD) expressed its concern about the high and burgeoning prices of steel bars in the country and the ultimate effect on the construction industry. In an appeal, the ABAD drew the government’s attention and urged it to take immediate decisions to contain the soaring prices of steel bars. Prices of steel bars have risen from PKR195,000/t (US$694/t) to PKR310,000/t (US$1103/t)in the last 30 days. ABAD’s demands include steel bars i... |