Cement News tagged under: UltraTech Cement
UltraTech Cement records net sales of INR117,430m 2QFY2219 October 2021, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,640m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR28,550m compared to INR28,330m a year ago. Profit before tax was INR19,470m and profit after tax was INR13,140m compared to INR17,330m and INR13,090m, respectively. Coal and petcoke... |
UltraTech and PRESPL sign MoU for agri waste fuel14 October 2021, Published under Cement NewsUltraTech Cement has announced signing a non-binding memorandum of understanding (MoU) with Punjab Renewable Energy Systems Pvt Ltd (PRESPL). The MoU is part of UltraTech’s endeavour to decarbonise its operations and aims to significantly scale up the use of biomass to replace fossil fuels such as coal in UltraTech’s manufacturing operations. Under the agreement, PRESPL will leverage its technological expertise to replace coal-based systems with biomass-based processes.... |
UltraTech Cement commissions 1.2Mta of new capacity13 October 2021, Published under Cement NewsIndia’s UltraTech Cement has commissioned 1.2Mta of new cement capacity, which is the first phase of the 19.5Mta capacity expansion project announced in December 2020. Additional cement capacity of 0.6Mta was commissioned at its Patliputra cement works in Bihar, which takes the unit’s capacity to 2.5Mta. The remaining 0.6Mta was put into operation at its Dankuni facility in West Bengal, taking its capacity to 2.2Mta. The company’s total cement manufacturing capacity in India now stands at ... |
UltraTech Cement targets 100% renewables for electricity by 205024 September 2021, Published under Cement NewsUltraTech Cement Ltd has announced its commitment to Climate Group’s RE100 initiative at Climate Week NYC 2021. As part of this commitment, UltraTech targets to meet 100 per cent of its electricity requirement through renewables sources by 2050. RE100, led by Climate Group in partnership with CDP, brings together the world’s most influential businesses committed to 100 per cent renewable electricity. UltraTech has set a 100 per cent renewable electricity target for its entire global o... |
No stopping India's cement capacity rise20 August 2021, Published under Cement NewsIndia is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu... |
UltraTech Cement announce net sales of INR116.9bn23 July 2021, Published under Cement NewsUltraTech Cement Co reported that its consolidated net sales in 1QFY22 reached INR116.9bn (US$1.57bn) compared to INR76bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR35,120m compared to INR23,570m. Profit before tax was INR25,270m and profit after tax was INR17,030m compared to INR11,530m and INR7940m, respectively. Production costs during the quarter increased 11 per cent YoY, mainly on account of higher fuel prices. Th... |
Indian government sets up new cement council08 July 2021, Published under Cement NewsThe Indian government has set up a 25-member development council for the cement industry, which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote the standardisation of products, according to a press release. Other functions of the council include recommending measures for securing the full utilisation of installed capacity, particularly of less efficient units, as well as promoting training, and promoting or undertaking scientific ... |
UltraTech’s Reddipalayam plant reaches a TSR of 25%30 June 2021, Published under Cement NewsUltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ... |
UltraTech Cement's 19.5Mta capacity projects start civil work11 May 2021, Published under Cement NewsUltraTech Cement has placed most of the equipment orders and has seen the start of civil work at the sites of its capacity expansion projects, according to a company update. Earlier the company had approved capacity expansion plans of 19.5Mta through a mix of brownfield and greenfield expansion, covering five integrated cement plants and 12 grinding units. The additional capacity is being created in the fast-growing markets of the east, central and north regions of the country. ... |
UltraTech Cement has CO2 reduction targets validated11 May 2021, Published under Cement NewsThe Science-Based Targets initiative (SBTi) has validated UltraTech’s carbon dioxide (CO 2 ) emissions reduction targets. In July 2020 the company had committed to set ‘science-based targets’ to reduce its greenhouse gas (GHG) emissions. UltraTech has also committed to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017 and Scope 2 GHG intensity by 69 per cent within the same time frame. The SBTi has validated UltraTech’s GHG reduction targets which covers the tar... |