Cement News tagged under: india
The EPA closes Kiln Line A at Kohat Cement13 November 2018, Published under Cement NewsKohat Cement has been made to close Line A at its cement factory in Kohat, Khyber Pakhtunkhwa, Pakistan, having been found to be in violation of the permissible dust emissions by the Environmental Protection Agency (EPA). "The EPA has taken action against Kohat Cement Factory over public complaints about dust pollution," says Director-General Environmental Protection Agency (EPA) KP, Dr Muhammad Bashir. Line A was said to be creating dust emissions above permissible limits on Sunday, 11 No... |
India Cements reports 94% YoY drop in net profit12 November 2018, Published under Cement NewsIndia Cements posted a net profit of INR14.3m for the 2QFY18-19, ended 30 September 2018. This represents a 94 per cent fall when compared with a net profit of INR23.67m in the same quarter of the previous year. However, total income rose by 9.1 per cent at INR13.908bn in the second quarter of the 2018-19 financial year. In 2QFY17-18, total income reached INR12.749bn. |
ACC adopts solar power for Kudithini and Thondebhavi grinding mills08 November 2018, Published under Cement NewsACC Ltd (LafargeHolcim group) has adopted the use of solar power in the cement manufacturing process at its grinding units in Kudithini and Thondebhavi in Karnataka. The intent is to use about 30MW of solar power at these plants, which will meet over half its annual power requirement – an estimated 45m units of solar power annually. Switching to solar power will reduce CO 2 emissions by 38,000t every year, the equivalent of planting 45,000 trees yearly. An assessment conducted by the Solar... |
India’s changing trajectory07 November 2018, Published under Cement NewsAfter a period of abnormally-high growth, India’s cement sector has begun to moderate and return to normal levels. Meanwhile, rising fuel and power costs have impacted the profitability of the major producers. Furthermore, the country’s capacity utilisation is at risk as new investments may push the supply-demand imbalance further. Mumbai is expected to benefit from several large-scale infrastructure projects, including a US$2.4bn airport and a new INR180bn Trans-Harbour Link bridg... |
Sagar Cements reports 40% production increase07 November 2018, Published under Cement NewsIndia’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furthermore, the company’s consolidated sales for the month rose by 43.73 per cent YoY to 279,554Mt from 194,500Mt. |
RCCPL announces grinding plant expansion06 November 2018, Published under Cement NewsIndia's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project includes the installation of a 1.2Mta third line, increasing total plant capacity to 3.2Mta. The plans are expected to be completed in the FY20-21 at an investment cost of INR2.5bn (US$34.23m). |
IBAU Hamburg launches largest automatic shipunloader06 November 2018, Published under Cement NewsIBAU Hamburg has successfully commissioned the largest automatically unloading cement cargo ship, the Penna Suraksha, in Southeast Asia. The order will see Penna Cement of India equipped with a shiploader/unloader with 1000tph capacity. |
Penna Cement files for an IPO for expansion plans05 November 2018, Published under Cement NewsPenna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement's CEO, Vikram Reddy said Penna Cement has an expansion plan that includes a mix of brownfield and greenfield plants that will raise the company's cement capacity to 16.5Mta by 2020. The IPO will consist of a fresh issue of INR13,000m and an offer for sale of up to INR2500m by the company's promoter PR Cement Holding... |
Udaipur Cement reports sales increase in 3Q1805 November 2018, Published under Cement NewsIndia's Udaipur Cement Works has reported a contracting net loss in the 3Q18 at INR139m (US$1.903m), compared to a loss of INR234.9m in the year-ago period. Furthermore, sales increased 43.8 per cent YoY to INR1.15bn from INR800m. |
Saurashtra Cement reports 17% sales increase02 November 2018, Published under Cement NewsIndia's Saurashtra Cement has reported a net loss of INR37.2m (US$511,786) in the quarter ending 30 September 2018, falling from a net profit of INR100.7m in the year-ago period. However, the company's sales increased 16.7 per cent YoY to INR1.34bn from INR1.15bn. |