Cement News tagged under: india
Saurashtra announces rise in 3Q sales but drop in 3Q profit20 August 2018, Published under Cement NewsSaurashtra Cement reported a 78.4 per cent decline in its net profit to INR49.3m (US$706,959) in the quarter ended June 2018 from INR228.2m in the year-ago period. Sales advanced 20.8 per cent to INR1.68m in the April-June 2018 period. In April-June 2017 sales reached INR1.391bn. |
Burnpur Cement reports net loss of INR441m in Apr-Jun quarter16 August 2018, Published under Cement NewsIndia’s Burnpur Cement reported a net loss of INR44.1m (US$0.629) in the quarter ended 30 June 2018. In the year-ago period the cement producer saw a net loss of INR334.2m. Burner’s sales reached INR195.9m in the April-June quarter. |
Rain Industries awarded approval for mill upgrade15 August 2018, Published under Cement NewsRain Industries has received approval for the upgrade of its Unit II cement mill at Boincheruvupalli Village, Andhra Pradesh, India. Rain Cements, a wholly-owned subsidiary of Rain Industries, will see cement capacity increase from 2.033Mt to 2.795Mt in a INR419m (US$5.97m) project, which will be funded through internal accruals. The project is scheduled for completion by 30 June 2019. |
Shree Cement to set up 3Mta grinding plant in Cuttack14 August 2018, Published under Cement NewsShree Cement is setting up a 3Mta cement grinding unit at Chandrabali village, Shyampura, in Cuttack district of Odisha. The INR452,550m (US$2m) facility is being constructed by Petron Engineering Construction. The scope of the contract includes civil work of plant building, silos and miscellaneous work for the project. Chief Minister of Odisha, Naveen Patnaik, performed the ground breaking ceremony in 2017. The project is expected to generate employment opportunity for 243 people Comm... |
Chettinad Cement to be evicted off government land14 August 2018, Published under Cement NewsChettinad Cement Corp Ltd has been ordered to vacate government land that it encroached upon to construct a railway track to its Ariyalur railway track. The Madras High Court passed the judgement with Justice SM Subramaniam also ordering a probe into government officials involved in colluding with factory management to use the land. "Such industries cannot encroach upon government land, which is not only a water body, but also used as a pathway by the villagers and the people of that loca... |
Shree Cement gets Raipur coal linkage13 August 2018, Published under Cement NewsIndia’s Shree Cement was awarded the coal linkage for its Raipur plant in Chhattisgarh. The contract for Grade 7 coal was awarded to the cement producer following a e-auction. The company paid a winning premium of INR130/t (US$18.76/t), 5.63 per cent of the notified price. |
Government of Himachal Pradesh to approve white cement mining lease08 August 2018, Published under Cement NewsThe government of Himachal Pradesh is to approve a mining lease for the set-up of a white cement plant. FCI Aravali Gypsum and Minerals India Ltd (FAGMIL), a central public sector undertaking (CPSU) under the administrative control of the Department of Fertilisers of India’s Ministry of Chemicals and Fertilisers, has received a Letter of Intent (LoI) from the Himachal Pradesh government for the granting of the lease. To be built on a 108ha plot, the new white cement plant is expected to ... |
Coal India to supply cement industry through e-auctions07 August 2018, Published under Cement NewsCoal India will supply 4.65Mta to the cement industry for five years through e-auctions starting on Tuesday, according to a senior executive at the company. Of the 4.65Mt on offer annually, 1.14Mt can be procured each year through the railways, while the rest would be supplied through roadways. The company recently held an auction for 7Mt of coal for sponge iron firms and received bids that were 39 per cent higher than the notified price for the non-power sector. The company expects si... |
Birla Corp plans 3.9Mta plant in Maharashtra06 August 2018, Published under Cement NewsIndia's Birla Corp Ltd has announced that its RCCPL subsidiary plans to set up a 3.9Mta facility in Mukutban, Maharashtra, at an investment cost of INR24.5bn (US$356.8m). The project includes a 40MW captive power plant and a 10.6MW heat recovery system. The plant has already received environmental clearance, and is expected to be financed through a mix of debt and internal accruals. The move will increase Birla group’s capacity to 19.5Mta in the 2021-22 period, compared to the current 15.5... |
Mangalam Cement reports net loss of INR153.2m06 August 2018, Published under Cement NewsIndia-based cement producer Mangalam Cement has reported a standalone net loss of INR153.2m for the quarter ended June 2018, compared with a net profit of INR121.1m in the quarter ended June 2017. Sales edged up one per cent to INR2.541bn in the 1QFY18-19 when compared with sales of INR2.516bn in the year-ago period. |