Cement News tagged under: india
JSW Cement to sets its sights on IPO and green cement leadership16 July 2021, Published under Cement NewsThis week, we look at JSW Cement's plans for the future as it attracts interest from investors, intends to expand its domestic cement capacity and make an entry into India's ready-mix sector. JSW Cement is positioning itself closer to being listed on the bourses as preparations continue to move towards an initial public offering (IPO). It is now starting to dilute minority private equity stakes in the company to a selection of investors. JSW Cement is estimated to be worth in the regi... |
Indian government sets up new cement council08 July 2021, Published under Cement NewsThe Indian government has set up a 25-member development council for the cement industry, which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote the standardisation of products, according to a press release. Other functions of the council include recommending measures for securing the full utilisation of installed capacity, particularly of less efficient units, as well as promoting training, and promoting or undertaking scientific ... |
NCL Industries announces 52% rise in production08 July 2021, Published under Cement NewsIndia’s NCL Industries has announced a 52 per cent YoY increase in cement production to 706,370t in the first quarter of FY21-22. Cement dispatches were also up 44 per cent to 698,498t compared to the year-ago period. The company’s cement board production rose 37 per cent to 17,196t and dispatches climbed 32 per cent to 10,634t. |
India's cement production falls in April and May06 July 2021, Published under Cement NewsIndia's cement production was down by 11 per cent MoM in April and 18 per cent MoM in May, due to the rise of COVID-19 cases and the subsequent lockdown restrictions by many states. However, notwithstanding the onset of the monsoon season, pent-up demand is expected to push volumes forward in the second quarter of the FY21-22. As a result, ICRA ratings agency has revised its volumetric growth estimates for the fiscal year downwards to 10-12 per cent from 15 per cent. Anupama Reddy, ass... |
Jammu and Kashmir Cement awaits closure06 July 2021, Published under Cement NewsThe government of Jammu and Kashmir are close to winding up J&K Cement Ltd. This is the only government-owned cement manufacturing plant in Jammu and Kashmir, India. Officials informed that majority of the employees of J&K Cement Ltd have been put “on deputation” to some departments after the corporation was unable to generate revenue to clear its salary bills. "The JKCL is almost closed, now only an official order is required to wind it up. There is no staff except a few watchmen who ... |
JK Cement launches new brand identity06 July 2021, Published under Cement NewsJK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new corporate identity is inspired by Shri Yadupati Singhaniaji’s vision, values and legacy. It is his v... |
JK Cement aims for 10% revenue growth in FY2205 July 2021, Published under Cement NewsIndia’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years. |
Wonder Cement orders mill from Gebr Pfeiffer02 July 2021, Published under Cement NewsIndia’s Wonder Cement has ordered its eighth vertical roller mill from Gebr Pfeiffer to grind petroleum coke and coal. The producer is starting the expansion of its cement plant in Tehsil Nimbahera, Chittorgarh, which will see its fourth 8000tpd rotary kiln be operated with petroleum coke and/or coal as fuel. Therefore, the company has ordered an MPS 3070 BK mill for fuel grinding. The throughput rate for pure petcoke grinding is 40tph with a product fineness of two per cent R90µm. The mil... |
Gujarat Sidhee Cement posts 28% rise in profit01 July 2021, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported a 27.8 per cent YoY rise in consolidated profit to INR207.9m (US$2.79m) in the 4QFY20-21, up from INR162.7m in the year-ago period. Revenue also increased 17.5 per cent YoY to INR1.94bn from INR1.65bn. In the full-year FY21 period, the company’s profit declined 31.9 per cent to INR305.4m from INR448.3m. Revenue also slipped 3.3 per cent YoY to INR5.66bn from INR5.85bn in the FY19-20. |
UltraTech’s Reddipalayam plant reaches a TSR of 25%30 June 2021, Published under Cement NewsUltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ... |