Cement News tagged under: Indian sub-continent
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY2218 January 2022, Published under Cement NewsUltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years. After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states... |
Dalmia Cement (Bharat) commences commercial production at Murli18 January 2022, Published under Cement NewsDalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned aroun... |
Narsingarh clinker plant commissions alternative fuel plant17 January 2022, Published under Cement NewsHeidelbergCement India has commissioned a state-of-the-art alternate fuels facility. The recently-commissioned alternative fuel plant will receive, store and feed fuel material at the Narsingarh clinker unit with an investment of INR160m (US$2.157m), will enable the company to achieve a thermal substitution rate (TSR) of approximately five per cent in the first phase and the same will be ramped up gradually to attain double-digit TSR in the coming years. Aligned to the global vision of He... |
UltraTech Cement: growing a giant14 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla group) has been increasing its cement capacity this week with the opening of Line II at its Bara grinding unit in Uttar Pradesh, India. This has taken the group's cement capacity up to 114.55Mta, consolidating its position as one of the world's largest cement manufacturers outside of China. The company's rise has been truly outstanding since its establishment of the first plant for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement) in 1983-88. From a f... |
UltraTech Cement wins 12th Frost & Sullivan and TERI Sustainability 4.0 Award 202114 January 2022, Published under Cement NewsUltraTech Cement has been recognised with the Leaders Award in the Mega Large Business, Process Sector category, at the 12th Frost & Sullivan and TERI Sustainability 4.0 Awards 2021. The Sustainability 4.0 Awards recognise efforts of companies that incorporate sustainability principles into their business culture. UltraTech received the Leaders Award for its holistic approach to sustainability and its best-in-class sustainability practices, including i ts circular economy activitie... |
UltraTech Cement commissions Bara grinding unit Line II13 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla Group) has commissioned Line II of its Bara grinding unit in Uttar Pradesh, India, having cement capacity of 2Mta. Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 per cent, says the company. This additional capacity will help the UltraTech Cement to service the fast-growing cement demand in the central region in the country. Together with this expansion, during the FY21-22 the c... |
Power Cement sign deal for 7MW power plant10 January 2022, Published under Cement NewsPower Cement Ltd has signed an agreement to set up a 7MW solar power plant at its existing site in Jamshoroo, Sindh state, Pakistan. Power Cement has decided to explore environment-friendly renewable energy solutions without incurring any major capital expenditures. " The company has signed an agreement with Burj Solar Energy (Private) Ltd for procurement of electricity on a fixed tariff (around 40 per cent lower than the existing grid tariff) for the next 20 years," a company bourse fil... |
Pan-Indian cement prices fall by 5% in December10 January 2022, Published under Cement NewsCement prices declined by an average pan-Indian rate of five per cent MoM in December 2021, according to Emkay Global Financial Services. Prices declined 6-7 per cent MoM in the east and south, while prices in other regions fell by 3-4 per cent, according to the report, while industry volumes likely increased by 25 per cent MoM. Emkay Global Financial Services said all regions are likely to have witnessed 20-30 per cent MoM volume growth. There should be a YoY demand improvement in Dec... |
Crown Cement signs Elevated Expressway supply contract10 January 2022, Published under Cement NewsCrown Cement has signed an agreement with The Fifth Major Bridge Engineering Co Ltd of China, the contractor of Dhaka-Ashulia Elevated Expressway Project in Bangladesh. Under the deal, Crown Cement will supply 'Crown' brand cement to the Dhaka-Ashulia Elevated Expressway Project. Md Mukter Hossain Talukder, FCA, chief executive officer of Crown Cement, and Mr Wei Haijiang, project chief engineer of The Fifth Major Bridge Engineering Co Ltd, signed the agreement on behalf of their... |
Pakistan cement records dismal performance in December06 January 2022, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches declined by 4.2 per cent in December 2021 to 4.59Mt from 4.79Mt dispatched during the same month last fiscal year. AKD Research referred to this dismal performance to seasonality but expressed hope that the local demand remains vital for FY22 as economic activity continues to pick up where the private sector is expected to provide significant support to demand. Out ... |