Cement News tagged under: india
Indian cement demand forecast to see growth of 8-9% in FY2419 April 2023, Published under Cement NewsIndia Ratings and Research (Ind-Ra) has forecast India’s cement demand to grow by between 8-9 per cent YoY in FY24, driven by the government’s infrastructure push ahead of the general elections in 2024. A resilient agricultural sector, supported by four consecutive normal monsoons, along with a focus on the completion of affordable housing projects are expected to boost cement demand, albeit at a lower rate as inflationary pressures continue. However, an adverse weather event such as E... |
Ambuja Cement and ACC win influencer award18 April 2023, Published under Cement NewsAmbuja Cements and ACC , part of Adani Cement and the Adani Group, have scooped the Digital Customer Experience Award 2023 for ‘Best Customer & Influence Engagement Initiatives’, organised by Gainskills Media. Brands from across the banking, retail, manufacturing, logistics and supply chain, pharmaceuticals, automobile, and insurance sectors attended the event to showcase their customer experience initiatives. Ambuja Cements and ACC presented their customer and influencer engagement ... |
Dalmia Bharat outlines next phase of expansion13 April 2023, Published under Cement NewsDalmia Bharat Ltd is planning to expand its cement production capacity to 75Mta by 2027, from its current capacity of 39Mta. The first phase of this expansion will see capacity increase to 54Mta by the close of FY23-24. Through these expansion plans, the company is aiming to reduce its exposure in the east-south region and focus primarily on the western, mid and northern regions, according to The Hindu. With India’s cement consumption forecast to rise faster than its GDP, the cement pro... |
UltraTech recognised in Sustainability World Index13 April 2023, Published under Cement NewsUltraTech Cement is ranked sixth in the global sectoral ranking of the S&P Global Dow Jones Sustainability World Index (DJSI). UltraTech is the only Indian company in the top 10 in the construction material sector for the second year in a row. UltraTech has been assessed with an overall score of 80 by DJSI for the financial year 2021-22. The company’s performance improved significantly on each of the three Environment, Social and Governance (ESG) metrics: • Environment score of 84 is ... |
Indian cement volumes forecast to rise 6% in 4QFY22-2312 April 2023, Published under Cement NewsIndia’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilisation rate of 94 per cent on expanded capacities. The total cost per tonne of cement is forecas... |
Sagar Cements suspends production at Mattampally11 April 2023, Published under Cement NewsIndia's Sagar Cements Ltd announced on 6 April 2023 that it was suspending clinker production at its plant in Mattampally , Telangana State. The shutdown is due to maintenance works and is expected to last for 15 days. |
UltraTech rolls out LNG trucks at Pune11 April 2023, Published under Cement NewsUltraTech Cement has extended its use of LNG-fuelled trucks to its bulk terminal in Pune, India. Green Planet Logistics, India's first LNG-fuelled trucking logistics company, will be providing its GreenLine trucks as part of UltraTech’s continued commitment to the decarbonisation of its operations, according to Realty Plus. The cement producer has already introduced GreenLine trucks at its Awarpur Cement Works near Nagpur. According to Green Planet Logistics, its GreenLine LNG trucks ... |
Wonder Cement commissions Aligarh grinding unit06 April 2023, Published under Cement NewsWonder Cement Ltd has taken a step towards commitment to provide the best cement with the commissioning of its state-of-the-art grinding unit at Aligarh , Uttar Pradesh, India, with an installed capacity of 2Mta. On the auspicious occasion of Mahavir Janma Kalyanak, PC Jain (Head - Grinding Unit) and Ashish Chandravat (Unit Head - Aligarh Grinding Unit) led their dedicated team in lighting the lamp and commencing operations. |
Bangladesh cement exports surpass target by 20.7% in 9MFY2305 April 2023, Published under Cement NewsBangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier. The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For th... |
UltraTech sees 12% hike in sales volume in FY22-2304 April 2023, Published under Cement NewsUltraTech Cement , part of Aditya Birla Group , has reported a 12 per cent advance in consolidated sales volume, including its overseas operations in UAE, Bahrain and Sri Lanka, to 106Mt in the FY22-23, ending March 2023. In the 4QFY22-23 sales volumes were up 15 per cent YoY to 30Mt from 26Mt while consolidated sales increased by 14 per cent YoY to 32Mt from 28Mt. |