Cement News tagged under: india
NCL Industries reports 23% production decline08 January 2020, Published under Cement NewsIndia’s NCL Industries has reported a 23 per cent fall in cement production to 423,000t in the 3QFY19-20, compared with 552,000t in the year-ago period. Cement dispatches decreased 22 per cent YoY to 430,000t from 552,000t. The company's production of cement boards rose eight per cent to 19,091t for the quarter ending December 2019, while cement board dispatches slipped 10 per cent to 14,967t. |
UltraTech Cement reduces cement price in Jammu and Kashmir03 January 2020, Published under Cement NewsIndia’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Information and Public Relations. As a result, the price is reportedly decreasing to INR380/bag (US$5.29) from INR445/bag. The goods toll, previously being enforced under the Jammu and Kashmir Levy of Tolls Act 1995, has ceased to operate with effect from 1 January 2020. |
India's demand recovery delayed to second half of FY2131 December 2019, Published under Cement NewsGrowth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quoted in a report in the Business Standard. The sector is expected to end both the calendar as well as the financial year with flat demand growth, which is well below expectations for 5 to 6 per cent growth forecasts at the start of the year. “The general elections in Q1, and subsequently, heavy rains in most parts of t... |
Eastern Indian cement demand to expand 8-10% in FY19-2024 December 2019, Published under Cement NewsCement demand in eastern India is expected to grow by 8-10 per cent in the current financial year despite the economic slowdown, according to industry sources. Cement consumption in India is expected to expand at the slower rate of seven per cent, down from double digits in the previous year. “Cement demand growth during Q1 (April-June 2019) in the east was 15-16 per cent but since then it has tapered off. However, we expect strong demand in Q4 and hope to end the year with 8-10 per cent... |
Indian petcoke imports rise in October23 December 2019, Published under Cement NewsIndia imported 809,000t of petcoke in October 2019, up more than 364 per cent from the year-ago period, according to Iman Resources. The imports were primarily sent from the US and Saudi Arabia, at 372,000t and 295,000t, respectively. Oman sent 38,000t, while 32,000t came from China. The origin of the remaining 72,000t was not clarified. The spike has been related to the lifting of the petcoke consumption order in October 2018, which saw cement producers increase their fuel-grade petcoke i... |
UltraTech awards grinding equipment order to Gebr Pfeiffer19 December 2019, Published under Cement NewsUltraTech Cement, India’s largest cement producer, has placed the order for a MVR 6000 C-6 mill with Gebr Pfeiffer. The order is the first ever between UltraTech and Gebr Pfeiffer although the latter’s vertical roller mills are reportedly part of the standard equipment of the Indian cement company. The mill will enable UltraTech to grind 225tph of granulated blastfurnace slag as well as up to 370tph of a range of blended cements. Two opposing rollers of the six active grinding rollers of ... |
Deccan Cements plans plant expansion16 December 2019, Published under Cement NewsIndia’s Deccan Cements has announced plans to expand its integrated cement plant in Suryapet, Telangana, at an investment of INR6bn (US$84.5m). The project will involve the addition of a new 15MW waste heat recovery plant at the existing 18MW coal-based captive power facility. Statutory clearances for the project are being awaited, with work on the project planned for completion within 24 months from zero date. |
CRH reportedly in talks to sell stake in Indian joint venture13 December 2019, Published under Cement NewsCRH is reportedly in talks to exit its joint venture with India’s My Home Group, according to VC Circle. In 2008, CRH acquired the 50 per cent stake in My Home Industries for around US$450m and the deal would see this returned to the Indian group. My Home Industries operates across four locations in Andhra Pradesh, Tamil Nadu and Telangana, with a total cement capacity of 9.6Mta. The company is a market leader in Andhra Pradesh and Telangana under its flagship brand of Maha Cement. |
Ban on new cement plants lifted for Punjab13 December 2019, Published under Cement NewsThe Provincial Minister for Industries & Trade, Mian Aslam Iqbal, has announced that the government for Punjab, India, has lifted a ban on the cement industry after 12 years. The minister revealed this while presiding over a meeting that was held to review investment in the cement industry and installation of new plants in the province, according to the Business Recorder. Mr Iqbal noted that months were spent in getting a no objection certificate (NoC) for setting up new industries. A ... |
Sagar Cements records 27% fall in production09 December 2019, Published under Cement NewsIndia’s Sagar Cements has seen the company's standalone cement production/purchase decline 27.4 per cent to 172,160t in November 2019, compared to 236,967t in the year-ago period. Consolidated cement production was down 23.1 per cent YoY to 244,291t from 317,796t. Standalone cement sales for the month also fell 29.4 per cent to 167,720t from 237,409t sold in November 2018. Consolidated cement sales dipped to 241,195t, a decline of 23.5 per cent compared to 315,106t in the previous year’s ... |