Cement News tagged under: UltraTech Cement
Indian cement manufacturers take precautions against COVID-1925 March 2020, Published under Cement NewsIndia’s cement manufacturers are taking precautions against the spread of COVID-19. JK Cement Ltd is working with a reduced workforce, maximising video-conferencing and minimising contact. As a result of government policy, it has also announced which of its plants will now suspend production. JK Cement facilities at Nimbahera and Mangrol, both situated in Chittorgarh, Rajasthan, will close. Elsewhere, units at Gotan (Nagaur, Rajasthan), Jharli, (Jhajjar, Haryana), Katni (Madhya Pradesh) a... |
UltraTech Cement sees 80% rise in net profit28 January 2020, Published under Cement NewsIndia's UltraTech Cement (Aditya Birla Group) has posted a 79.8 per cent YoY increase in consolidated net profit to INR7.12bn (US$99.67m) for the 3QFY19-20, while EBITDA rose 25.4 per cent to INR21.41bn. The company has attributed the surge in profit to a higher price realisation and lower energy costs. However, net sales declined 1.2 per cent YoY to INR101.76bn in the December quarter. Cement sales volumes also decreased four per cent YoY to 20.9Mt, impacted by a three per cent fall in do... |
UltraTech Cement commissions Phase I of Bara grinding unit24 January 2020, Published under Cement NewsUltraTech Cement has announced that the Phase I commissioning of its 2Mta grinding unit in Bara, Uttar Pradesh, India. Once fully commissioned, the total capacity of this unit will be 4 Mta. |
UltraTech Cement reduces cement price in Jammu and Kashmir03 January 2020, Published under Cement NewsIndia’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Information and Public Relations. As a result, the price is reportedly decreasing to INR380/bag (US$5.29) from INR445/bag. The goods toll, previously being enforced under the Jammu and Kashmir Levy of Tolls Act 1995, has ceased to operate with effect from 1 January 2020. |
UltraTech awards grinding equipment order to Gebr Pfeiffer19 December 2019, Published under Cement NewsUltraTech Cement, India’s largest cement producer, has placed the order for a MVR 6000 C-6 mill with Gebr Pfeiffer. The order is the first ever between UltraTech and Gebr Pfeiffer although the latter’s vertical roller mills are reportedly part of the standard equipment of the Indian cement company. The mill will enable UltraTech to grind 225tph of granulated blastfurnace slag as well as up to 370tph of a range of blended cements. Two opposing rollers of the six active grinding rollers of ... |
UltraTech facility begins receiving dry waste for RDF use20 November 2019, Published under Cement NewsIndia’s UltraTech Cement has begun receiving dry waste at its unit in Jaggayyapet, Andhra Pradesh, sent from Vijayawada Municipal Corp’s (VMC) recycling facility in Ajit Singh Nagar. As part of the year-long memorandum of understanding signed between the two parties, the producer will receive 50tpd of waste. “Around 50t of dry waste collected by the VMC, which comprises of discarded plastic, will be used for generating refuse-derived fuel (RDF) at cement kilns. It is a win-win situation for... |
Heidelberg Cement Bangladesh announces acquisition of ECBL & EPCL13 November 2019, Published under Cement NewsHeidelberg Cement Bangladesh Ltd has informed the Dhaka Stock Exchange that the company's Board of Directors has approved the acquisition of 100 per cent of the shareholding of Emirates Cement Bangladesh Ltd (a private company limited by shares incorporated in Bangladesh and engaged in cement production) and Emirates Power Co Ltd (a private company limited by shares incorporated in Bangladesh and engaged in generating and supplying electricity) from UltraTech Cement Middle East Investments L... |
India’s demand growth shifts gear11 November 2019, Published under Cement NewsThe April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped support producer profit margins, but with no immediate demand recovery in sight, government infrastructure and affordable housing projects are the main beacons of light. The Indian cement sector has seen another interesting quarter with the economy and pace of cement consumption slowing, the sustainability of... |
UltraTech Cement looks to divest Bangladesh asset06 November 2019, Published under Cement NewsIndia's UltraTech Cement has stated that its plan to divest non-core assets in China, the UAE and Europe, is progressing well. It has also announced that it is looking to exit the Bangladesh market. "We are also exploring opportunities to exit Bangladesh, where we have a small grinding unit of 0.6Mt. All the proceeds from these asset disposals will help bring down our leverage position further," said Atul Daga, CFO, following the company's 2Q earning announcement. The Bangladeshi unit i... |
UltraTech boosts capacity and reports 3Q results22 October 2019, Published under Cement NewsUltraTech completed the acquisition of Century's cement business, with the Scheme of Demerger effective from 1 October 2019. With this acquisition, UltraTech's cement manufacturing capacity stands augmented to 117.4Mta, including its overseas capacity. This makes UltraTech the third-largest cement company in the world, outside of China. It is also the only company in the world to have a capacity of over 100Mta in a single country, outside of China. The quarter ended 30 September 2019 witn... |