Cement News tagged under: UltraTech
UltraTech Cement's Rawan plant wins Kaizen awards25 April 2023, Published under Cement NewsUltraTech Cement ’s integrated cement manufacturing unit Rawan Cement Works, located in Rawan village of Raipur district, Chhattisgarh, has won three Platinum awards and one Silver award at the prestigious 45th Confederation of Indian Industry (CII) National Kaizen competition, organised by the CII Institute of Quality. These awards are a recognition of the unit team’s commitment to customers to ‘manufacture cement based on quality standards incorporating customer expectations’. ... |
Indian profits forecast to decline14 October 2022, Published under Cement NewsIndia’s cement producers are expected to report a decline in profits for the July-September 2022 quarter, according to Mumbai-based brokerage house KR Choksey. The brokerage predicts poor results in the short-term as the industry sees a wave of consolidation taking place, along with huge capital expenditure plans announced by the industry’s leading players. KR Choksey predicts a 19.2 per cent YoY fall in net profit for UltraTech in the 2QFY22-23 with the QoQ picture showing a 33 per ... |
India Cements in talks to sell Madhya Pradesh project04 October 2022, Published under Cement NewsIndia Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but is now looking to sell the site to reduce its long-term debt, reports The Hindu. The project with its limestone mine is valued at around INR8000m (US$97.8m). Among the companies vying for the project are UltraTech Cement , JSW Cement , Birla Group and Adani Group . May 2022 saw India Ceme... |
UltraTech explores electrification to reduce CO2 emissions09 June 2022, Published under Cement NewsUltraTech Cement Ltd has signed a Memorandum of Understanding (MoU) with Coolbrook to explore how electrification of the cement kiln heating process can help reduce CO 2 emissions. Coolbrook, a transformational technology and engineering company, will be looking at how its Roto Dynamic Heater (RDH) can be used to deliver temperatures of up to 1700˚C with high energy efficiency, thereby enabling its use in processes that have previously been considered impossible to electrify. When power... |
India’s National Green Tribunal halts environmental clearances for Babarkot limestone mining28 February 2022, Published under Cement NewsThe National Green Tribunal (NGT) in India has stopped environmental clearances for two limestone mining sites in Babarkat village, Jafrabad, Amreli. The step results in a significant delay for UltraTech Cement Ltd , which is part of the Aditya Birla Group . The special bench of NGT ruled that the project fell under category A and was beyond the purview of the State Environment Impact Assessment Authority (SEIAA) to award environment clearances.The said mines dropped under cluster minin... |
Grasim looks to invest INR59bn in modernising its cement plants25 May 2018, Published under Cement NewsIndia’s Grasim Industries will invest over INR130bn (US$1.9bn) in its cement and textiles businesses over the next 24-36 months, as the company looks to increase capacity and modernise production, according to a senior official of the group. The company, including its subsidiary, UltraTech, will invest INR59bn in modernising its existing cement plants, while also carrying out environmental upgrades and increasing the capacity of the assets acquired from Jaiprakash Associates. Business res... |
UltraTech commissions new plant in Manawar19 April 2018, Published under Cement NewsUltraTech has commissioned its greenfield facility in Manawar, Madhya Pradesh, with a 2.5Mta clinker capacity. The plant has reached this stage in under a year, which is record time for a plant of this capacity, according to the press release. The kiln is designed for multi-fuel and alternative fuel usage. Alongside the kiln, the company has commissioned a 1.75Mta grinding unit and an auto-loading facility. The new plant is located in southwest Madhya Pradesh, with no other manufacturing u... |
Jaiprakash receives director approval to divest assets to UltraTech30 June 2017, Published under Cement NewsJaiprakash Associates said it received approval from its committee of directors to close the transaction for selling part of its cement business to UltraTech Cement for INR161.89bn. The deal will see the cement plants in Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh move to UltraTech. An addition unit, currently under construction in Uttar Pradesh, will become part of UltraTech for an additional INR4.7bn. The proceeds of this transaction will help t... |
Ultratech to expand Chittorgarh limestone mine29 December 2016, Published under Cement NewsUltraTech Cement, India, has proposed an expansion of the Aditya limestone mining project at Tehsil Chittorgarh and Nimbahera, district Chittorgarh, Rajasthan from 10Mta to 13.17Mta. The company has proposed expansion of clinker production capacity from 8.4Mta to 8.9Mta at the facility near Sawa Shambupura, district Chittorgarh. The enhanced limestone supply will allow the clinker expansion to take place. |
India: cement volume growth09 June 2016, Published under Cement NewsVolume growth in the Indian cement market increased by 12-18 per cent in the quarter ending March 2016 compared to the 4.7 per cent drop seen in the corresponding quarter last year. This level of growth is the largest seen in the last six quarters, and the only growth to reach double digits, as reported by The Economic Times, India. Due to lower petcoke and coal prices the cost of producing 1t of cement fell by 8.6 per cent to INR3517 (US$52.70) YoY. Medium and small companies in the c... |