Cement News tagged under: india
UltraTech Cement announces INR9.65bn capex for Birla White expansion25 January 2022, Published under Cement NewsUltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement. The company's board at its meeting on Monday approved the capex plan towards modernisation and the expansion of capacity at Birla White in a ph... |
Ramco Cements sees 59% fall in 3Q net profit25 January 2022, Published under Cement NewsIndia-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in the year-ago period. But the company said demand was weak due to a range of factors such as the monsoo... |
UltraTech Cement to acquire National Limestone Co24 January 2022, Published under Cement NewsUltraTech Cement Ltd , India, has executed a share purchase agreement to acquire 100 per cent equity shares in mining company National Limestone Co Pvt Ltd, subject to receipt of applicable regulatory approvals. The equity shares will be acquired at a price of INR230m (US$3.1m). |
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY2218 January 2022, Published under Cement NewsUltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years. After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states... |
Dalmia Cement (Bharat) commences commercial production at Murli18 January 2022, Published under Cement NewsDalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned aroun... |
Narsingarh clinker plant commissions alternative fuel plant17 January 2022, Published under Cement NewsHeidelbergCement India has commissioned a state-of-the-art alternate fuels facility. The recently-commissioned alternative fuel plant will receive, store and feed fuel material at the Narsingarh clinker unit with an investment of INR160m (US$2.157m), will enable the company to achieve a thermal substitution rate (TSR) of approximately five per cent in the first phase and the same will be ramped up gradually to attain double-digit TSR in the coming years. Aligned to the global vision of He... |
UltraTech Cement: growing a giant14 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla group) has been increasing its cement capacity this week with the opening of Line II at its Bara grinding unit in Uttar Pradesh, India. This has taken the group's cement capacity up to 114.55Mta, consolidating its position as one of the world's largest cement manufacturers outside of China. The company's rise has been truly outstanding since its establishment of the first plant for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement) in 1983-88. From a f... |
UltraTech Cement wins 12th Frost & Sullivan and TERI Sustainability 4.0 Award 202114 January 2022, Published under Cement NewsUltraTech Cement has been recognised with the Leaders Award in the Mega Large Business, Process Sector category, at the 12th Frost & Sullivan and TERI Sustainability 4.0 Awards 2021. The Sustainability 4.0 Awards recognise efforts of companies that incorporate sustainability principles into their business culture. UltraTech received the Leaders Award for its holistic approach to sustainability and its best-in-class sustainability practices, including i ts circular economy activitie... |
UltraTech Cement commissions Bara grinding unit Line II13 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla Group) has commissioned Line II of its Bara grinding unit in Uttar Pradesh, India, having cement capacity of 2Mta. Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 per cent, says the company. This additional capacity will help the UltraTech Cement to service the fast-growing cement demand in the central region in the country. Together with this expansion, during the FY21-22 the c... |
India is looking at recovery10 January 2022, Published under Cement NewsIndia’s higher cement demand and production growth rates appear to be decelerating as the effects of a low comparison base began to wane towards the end of the 2QFY21-22. On the cost-front, headwinds continue to impact producer margins, giving rise to potential cement price increases to mitigate pressures. Cement producers in India saw a surge in cement demand in the 2QFY21-22 but capacity utilisation rates are not expected to surpass the 60 per cent mark for the rest of the year ... |