Cement News tagged under: india
Ramco Cements commissions new 2.25Mta plant30 September 2022, Published under Cement NewsIndia’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clinker capacity of 2.25Mta and will serve the markets of Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and Madhya Pradesh, according to The Hindu. The plant has a 12.15MW waste heat recovery (WHR) system, 6MW of which will be commissioned in October 2022 with the remaining coming on stream in 2023. The project als... |
Cement demand getting back on track, says India Cements30 September 2022, Published under Cement NewsDespite the ongoing ressures from rising fuel, power and logistics costs, growing construction activity is expected to put cement demand in India back on track, according to Mr N Srinivasan, vice chairman and managing director of The India Cements Ltd . India is forecast to be the fastest-growing economy going forward with GDP predicted to improve by 7.2-7.4 per cent in 2022-23, reports the Financial Express Online. India has seen a revival in its construction sector in 2021-22 due to p... |
Adani Group announces US$100bn investment plan29 September 2022, Published under Cement NewsThe Adani Group plans to invest US$100bn over the next decade, according to its owner Gautam Adani. The group’s most recent investment was its US$6.5bn acquisition of Ambuja Cements Ltd and ACC Ltd , instantly making it the second-largest cement producer in India. Around 70 per cent of the planned US$100bn investment is destined for the energy transition market, along with defence, metals and petrochemicals, reports Mint. "As a group, we will invest over US$100bn of capital in the nex... |
Sagar Cements' Bayyavaram plant scoops energy awards28 September 2022, Published under Cement NewsSagar Cements ’ Bayyavaram grinding plant has been recognised as an Excellent Energy Efficient Unit by the Confederation of Indian Industry at this year’s Energy Management Excellence Awards. The facility also scooped the confederation’s GreenCo Star Performer Award. The 1.5Mta plant, located in Andhra Pradesh, has 120kW solar power installed, along with 8.30MW hydropower and 8.42MW captive power. The unit mainly serves the markets of Vizag, Srikakulam and South Odisha. |
Ambuja and UltraTech win legal battle against electricity price hikes27 September 2022, Published under Cement NewsAmbuja Cements and UltraTech Cement are among a number of companies who have won a legal battle against electricity distribution entities in Rajasthan over an increase in cross-subsidy surcharges (CSS). According to The Hindu, the electricity distribution companies buy electricity direct from the power producers and pay the CSS, which is then used to supply power to poor and under-privileged customers. However, as stated in the Electricity Act 2003, the CSS should be “progressively re... |
Sagar Cements welcomes new chairman27 September 2022, Published under Cement NewsIndia's Sagar Cements Ltd (SCL) has appointed Kalidindi Venkata Vishnu Raju as chairman, effective from 24 September 2022. He succeeds K Thanu Pillai. Mr Vishnu Raju is also on the board of Anjani Vishnu Allied Services as a whole-time director and was also previously on the board of Anjani Portland cement as chairman and managing director from 1999-2014. SCL currently has an installed production capacity of 8.25Mta. |
Shree Cement adds 7MW solar power plant to Panipat factory26 September 2022, Published under Cement NewsGensol Engineering has commissioned a 6.7MWp solar project for Shree Cement Ltd at its Panipat Cement plant, Haryana. The solar power plant is estimated to save approximately 9192tpa equivalent of CO 2 emissions. |
Udaipur to raise funds through NCDs23 September 2022, Published under Cement NewsIndia’s Udaipur Cement Works Ltd has announced that it will raise INR3500m (US$43.2m) in a private placement of non-convertible debentures (NCDs). The proposed date of allotment for 3500 NCDs with a face value of INR1m (US$12,356) each is 7 October 2022, with a maturity date of 16 March 2025. According to The Hindu Business Line, the initial coupon rate will be 7.45 per cent per annum. Udaipur Cement Works currently runs a 2.2Mta cement works in Udaipur, Rajasthan. The company, a subsi... |
Adani Group to double cement production capacity20 September 2022, Published under Cement NewsThe Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the closure of Adani Group’s acquisition of Holcim ’s stakes in Ambuja Cements and ACC Ltd , Mr Adani said that he expects capacity to go from the current 70Mta to 140Mta over the course of the next five years. “While India is the second largest producer of cement in the world, our per capita consumption is just 25... |
Ambuja Cements welcomes new CEO and CFO20 September 2022, Published under Cement NewsAmbuja Cements Ltd has announced a number of managerial appointments. Effective from 17 September 2022, Ajay Kapur is the company’s new chief executive officer (CEO) and whole-time director, Vinod Bahety is the new chief financial officer (CFO), and Rajiv Gandhi has been appointed company secretary and compliance officer. |