Cement News tagged under: india
Harvested rainwater accounts for 80% of Udaipur Cement's water requirements14 September 2021, Published under Cement NewsBeing an almost two times water-positive company, Udaipur Cement Works Ltd sources about 80 per cent of freshwater requirement from harvested rainwater stored in the mines pit located at a distance of 6km from the cement plant. The unit pumps water from mine pit through an overhead pipeline along with its overland limestone belt conveyor. The company is a zero-wastewater discharging company and treats its domestic wastewater through existing sewage treatment plant. It uses the treate... |
Nuvoco Vistas sees improvement in first quarter07 September 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net loss in the year-ago period. Consolidated revenue from operations also surged to INR22.03bn from INR8.42bn in the 1QFY20-21. "In spite of the countrywide lockdown, the company achieved exceptional volume growth in the quarter ended 30 June 2021. With a thrust on innovation and premium products, leveraging synergy be... |
Gujarat Sidhee Cement to shut clinker line for maintenance07 September 2021, Published under Cement NewsIndia’s Gujarat Sidhee Cement is planning to shut down the clinker line at its Sidheegram plant for annual maintenance, which is expected to take a period of 17-20 days to complete. However, cement grinding and dispatches are still planned to continue. |
Odisha approves Jajpur cement projects06 September 2021, Published under Cement NewsThe state government of Odisha, India, has approved the proposal of My Home Industries Pvt Ltd to set up a 3Mta cement grinding unit at Badchana, Jajpur district. The project represents an investment of INR6.5bn (US$88.9m). Ramco Cements Ltd’s INR1.9bn project to expand its existing facility at Haridaspur, Jajpur district, with a 0.9Mta grinding plant was also cleared by the State Level Single Window Clearance Authority meeting. |
JK Cement plans 23Mta expansion by end of 202303 September 2021, Published under Cement NewsJK Cement intends increase production capacity to about 23Mta in the next two years, from 15Mta now, by expanding its footprints in northern and central India. "We will maintain and grow our market share in the short term. Apart from the ongoing expansion in Panna, and now in Hamirpur, we already have plans for another 4Mt expansion," said Madhav Krishna Singhania, JK Cement’s CEO. "We have visibility of reaching around 23Mta by 2023." The company will be expanding its footprint in ... |
Indian cement prices down 4% MoM24 August 2021, Published under Cement NewsAt an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Central India was the least hit with a price correction of INR3/ bag in August, while some regions have recorded drops as steep as INR30/bag. "Dealers in large states like Madhya Pradesh and Uttar Pradesh report a strong pick-up in trade sales in August after a weak July 2021 led by the monsoon. Dealer feedback for ce... |
KJS Cement records 36% advance in profit24 August 2021, Published under Cement NewsIndia’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per cent to INR1.99bn. Cement and clinker sales reached 1.72Mt and 0.59Mt, respectively, a considerable increase driven by demand from infrastructure projects. "KJS Cement has recorded strong performance across all parameters this year; despite the challenging ecosystem due to the pandemic,” said Pawan Kumaar Ahluwalia... |
Nuvoco Vistas Corp sees lukewarm bourse start24 August 2021, Published under Cement NewsIndia-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the end of the day, the shares saw gains of up to 13 per cent over the listing price. At the start of trading on 24 August shares reached INR471 (US$6.35) on the Bombay Stock Exchange (BSE), down 17.3 per cent when compared with the issue price of INR570. Meanwhile, on the NSE, Nuvoco shares opened at INR485, or a 14.9 ... |
Ambuja Cements begins trial production at Marwar facility23 August 2021, Published under Cement NewsIndia’s Ambuja Cements has begun trial production at its Marwar cement works in Nagaur district, which will increase the company’s clinker capacity by 3Mta. The plant was built with an investment of INR23.5bn (US$316.45m) and includes a waste heat recovery system alongside 1.8Mta of cement grinding capacity. "I am delighted to inaugurate the trial run at Marwar Cement plant of Ambuja as we dedicate it to meet the infrastructure requirements of the nation. Cement is one of the most impo... |
No stopping India's cement capacity rise20 August 2021, Published under Cement NewsIndia is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu... |