Cement News tagged under: indian subcontinent
Shree Cement wins coal mine auction01 March 2023, Published under Cement NewsIndia’s Shree Cement Ltd has been named as the highest bidder for the Datima Coal Mine Block, located in Surajpur Tehsil, Surguja District, Chattisgarh. The block was auctioned by the Ministry of Coal, Government of India, on 27 February 2023. The mine has geological reserves of 13.3Mt. According to the company, it has participated in the coal block auction with the intent of creating fuel security through long-term fuel supply sourcing options for its operations while having flexibilit... |
UltraTech commissions solar plant at Dalla24 February 2023, Published under Cement NewsUltraTech Cement inaugurated a 9.50MWp DC solar power plant at its Dalla plant as part of drive to source its energy from 100 per cent renewable energy sources by 2050. The total power consumption of the plant is currently approximately 27MW and the new solar power plant accounts for around a third of this demand, according to Dalla’s plant manager, Rahul Saighal. It is expected that the 1MW reduction of coal-based power consumption will lower CO2 emissions by 820kg. |
Orient Cement terminates grinding unit MoU24 February 2023, Published under Cement NewsOrient Cement has terminated a memorandum of understanding (MoU) with Adani Power Maharashtra Ltd (APML) to set up a grinding unit in Maharashtra, India. According to The Hindu, the MoU was signed in September 2021. Orient Cement said APML has requested it not to pursue the venture further as “they are not able to obtain the required MIDC clearances for sub-leasing the parcel of land required for the cement grinding unit due to some legal issues.” Also, “the timelines agreed upon as ... |
Mir Cement to increase capacity by 202422 February 2023, Published under Cement NewsBangladesh’s Mir Cement has announced plans to raise its production capacity to 5000tpd by 2024. According to New Age Business, the company, which currently produces ordinary Portland cement and Portland pozzolana cement, has seen its capacity expand from 600tpd in 2003 to 2400tpd by 2018. As production has increased, the company has reportedly invested in dust guards to prevent dust being released into the atmosphere and has also opted not to use coal-based heating systems to reduce it... |
Way ahead by blended cements21 February 2023, Published under Cement NewsThe increased use of blended cements provides the Indian cement industry with new opportunities to reduce its CO 2 emissions and produce a more sustainable product. This drive is supported by the Global Cement & Concrete Association’s (GCCA) decarbonisation roadmap for the sector. By Kaustubh Phadke, GCCA India. Increased urbanisation with the requirement for sustainable construction practices is driving the need for blended cements India accounts for seven per cent of the w... |
Dalmia Cement reports 23% rise in revenue21 February 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd has reported a 22.7 per cent YoY increase in revenue to INR33,550m (US$405.6m) in the 3QFY22-23 ended 31 December 2022. EBITDA over the same period advanced by 57.5 per cent to INR6440m, while cement volumes expanded by 11.5 per cent to reach 6.3Mt. In the 9MFY22-23, revenue improved by 21.8 per cent YoY to INR96,280m, while EBITDA declined 7.7 per cent to INR16,090m. Volumes over the nine-month period came in at 18.3Mt, up 17.1 per cent from the 15.6Mt report... |
Plants reopen as Adani resolves freight rate dispute21 February 2023, Published under Cement NewsAdani Cement has announced that ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh, India, after resolving issues over freight rates. According to Reuters, all stakeholders have amicably resolved the issues on freight rates and operations at the Gagal and Darlaghat plants would resume on 21 February 2023. The parties have reportedly agreed to what equates to a 10-12 per cent cut in overall freight rates from that date. The two plants have been shut ... |
Ambuja Cements 'preferred bidder' for Odisha limestone block20 February 2023, Published under Cement NewsAmbuja Cements has been announced as the “preferred bidder” for the Uskalvagu limestone block in Malkangiri district, Odisha. According to Livemint, the company has not revealed the bid amount for the block but said it is spread over 547 hectares with estimated limestone resources of 141Mt. “The company shall get the statutory licences and permits related to mining operations to be declared a 'successful bidder' and subsequently enter into a 'Mine Development and Production Agreement (... |
NCLT approves Sagar Cements' acquisition of Andhra Cements17 February 2023, Published under Cement NewsThe Amravati bench of the National Company Law Tribunal (NCLT) has approved Sagar Cements' proposal to acquire Andhra Cements for INR9220m (US$111.3m). On 16 February the Sagar Cements board approved a plan to nearly double the capacity of Andhra Cements to 3Mta with a capital outlay of INR4680m, according to Money Control. Of the INR9220m proposed acquisition cost, Sagar Cements plans to raise a debt of INR6000m and equity of INR3220m. The acquisition gives Sagar Cements a 95 per... |
CCI gives green light to Dalmia acquisition of JAL16 February 2023, Published under Cement NewsThe Competition Commission of India ( CCI ) has approved an INR56,660m (US$685.7m) deal related to Dalmia Cement ’s acquisition of cement, clinker and power plants of Jaiprakash Associates Ltd (JAL), according to The Hindu Business Line. The acquisition will enable Dalmia Cement to expand its footprint into the central India region and emerge as a pan-India company with 75Mta of capacity by FY27 and 110-130Mta by FY31.This latest transaction, once approved by all... |