Cement News tagged under: india
JSW Cement announces 5Mta of new capacity12 October 2022, Published under Cement NewsJust hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrated greenfield plant in Madhya Pradesh and a split grinding unit in Uttar Pradesh. According to The Hindu Business Line, the combined cement production capacity of the two units will be 5Mta. The plant in Madhya Pradesh will have a 2.5Mta clinker capacity, 2.5Mta grinding capacity, and a 15MW waste heat recovery syste... |
UltraTech Cement receives EPD certificates for four products12 October 2022, Published under Cement NewsUltraTech Cement has been granted Environmental Product Declaration (EPD) certificates for four of its cement products – ordinary Portland cement (OPC), Portland pozzolana Cement (PPC), Portland slag cement (PSC) and Portland composite cement (PCC). An EPD is a clear and objective report that explains the materials used to make a product and how that product impacts the environment throughout its entire life cycle. The real facts and measurements are provided, enabling consumers to ... |
Indian cement sector profitability to reach new highs in FY2511 October 2022, Published under Cement NewsIndia's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved demand led by urban housing, and higher government infrastructure spending (up by eight per cent CAGR ... |
Bharathi Cement launches new terminal and new product11 October 2022, Published under Cement NewsBharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully automated packing and distribution facility, operated by just 16 employees, reports APN News. With dedicated own container wagons and a 24hr loading facility, it is the first terminal in India to have end-to-end logistic automation for the transportation of bulk cement in containers, directly serving customers without any... |
Indian cement prices on the up11 October 2022, Published under Cement NewsSeptember 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr... |
Adani in talks to acquire Jaiprakash cement unit10 October 2022, Published under Cement NewsAdani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected to pay around INR50bn (US$607m) for a 2Mta grinding unit in Nigrie, Madhya Pradesh, along with other smaller assets. The deal will not only help lower debt for Jaiprakash Power Ventures Ltd but also solidify Adani’s place in the cement industry, having already acquired Ambuja Cements Ltd and ACC Ltd from Holcim fo... |
Adani Group to invest US$848m in Rajasthan cement10 October 2022, Published under Cement NewsIndia’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announcement by the company to invest INR650bn (US$7.9bn) in the state over the next 5-7 years. Along with cement production, investments are planned in the renewables business, airport expansion, and networks to deliver piped natural gas (PNG) and compressed natural gas (CNG), reports Reuters. Just a few weeks ago, Gautam ... |
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... |
JSW Cement secures funds for expansion plans03 October 2022, Published under Cement NewsJSW Cement has secured a INR4000m (US$48.9m) sustainability-linked loan from MUFG Bank India to finance the company’s cement capacity expansion plans, according to The Economic Times. JSW aims to increase capacity from its existing 17Mta to around 25Mta by FY24-25. This marks the third time JSW has sought funds in the last 15 months, have previously raised INR1000m from the State Bank of India in December 2021 and INR15,000m from Apollo Global and Synergy Metals Investments in July 2021. |
Birla plans US$1bn investment in new capacity30 September 2022, Published under Cement NewsBirla Corp is planning to invest around US$1bn to increase cement production capacity from 20Mta to 30Mta over the next eight years. According to Harsh V Lodha, chairman of Birla Corporation, the capacity additions will be the result of greenfield and brownfield projects as well as debottlenecking exercises across its entire portfolio, reports The Hindu. The company is reportedly considering a new 4Mta integrated greenfield plant in Chhattishgarh, along with a further 4Mta through a bro... |