Cement News tagged under: indian subcontinent
Ramco Cements announces capex and price rise09 June 2022, Published under Cement NewsRamco Cements has announced capex of INR12-13bn (US$154-167m) to expand its production capacity over the next two years. At its Kurnool plant, trial production of clinker is now underway and with this, clinker capacity has expanded to 13.65Mta. The cement grinding facility, 6MW waste heat recovery system (WHRS), and an 18MW thermal power plant (TPP) are due to be commissioned during 2QFY23, according to the Financial Express. An additional 1-1.5Mta of grinding capacity is also planned in K... |
UltraTech explores electrification to reduce CO2 emissions09 June 2022, Published under Cement NewsUltraTech Cement Ltd has signed a Memorandum of Understanding (MoU) with Coolbrook to explore how electrification of the cement kiln heating process can help reduce CO 2 emissions. Coolbrook, a transformational technology and engineering company, will be looking at how its Roto Dynamic Heater (RDH) can be used to deliver temperatures of up to 1700˚C with high energy efficiency, thereby enabling its use in processes that have previously been considered impossible to electrify. When power... |
Bangladesh sees 22% increase in cement export revenue31 May 2022, Published under Cement NewsBangladesh has reported a 21.79 per cent YoY increase in revenue from cement exports in the 10MFY21-22 (July 2021-April 2022). Revenue for the period came in at US$7.77m, compared to US$6.38m in the same period a year earlier. This figure also includes minor quantities of salt, stone and other related products, according to the Bangladesh Export Promotion Bureau (EPB) data. During the last fiscal year (July 2020-July 2021), Bangladesh’s cement industry earned export revenue of US$7.26m, ... |
Jindal to build new 2.5Mta plant in Raigarh30 May 2022, Published under Cement NewsIndia’s Jindal Group and the Chhattisgarh government have signed a Memorandum of Understanding (MoU) to establish a new cement plant in Raigarh district in the easternmost part of Chhattisgarh State. According to reports in the Times of India, the new facility will have a production capacity of around 2.5Mta of cement and 2.5Mta of clinker. The plant will also have a 12MW waste heat recovery system. |
India Cements joins forces with Tvasta on 3D printed construction solutions30 May 2022, Published under Cement NewsThe India Cements is collaborating with Tvasta Manufacturing Solutions to develop energy-efficient construction methods using 3D printing. Tvasta’s technology uses 3D-printing platforms for faster, more economical and more sustainable construction methods, compared to traditional technologies, which can be used for a variety of applications, including housing, sanitation, infrastructure and defence. According to reports in The Hindu Business Line, the 3D construction methods use 30 per cen... |
Multimodal transport to ease Indian cement supplies and prices27 May 2022, Published under Cement NewsThe Indian government is looking at ways to balance up supply and demand of cement across the country, while also helping to reduce cement prices. Cement producers in southern India have idle capacity due to low demand, while in the north of the country demand remains high and cement is in short supply. According to a government spokesperson, one proposal is to transport cement by sea from southern India to a port in eastern Indian eg, Haldia, from where it can be taken to cities such as Var... |
HeidelbergCement India posts 7.2% uptick in revenue in FY2225 May 2022, Published under Cement NewsHeidelbergCement India has recorded a one per cent YoY increase in revenue (net of taxes) to INR5867m (US$75.65m) in the first quarter of 2022. EBITDA over the same period has fallen 22.1 per cent to INR1186m, with the EBITDA margin contracting from 26.2 to 20.2 per cent. Profit after tax in the 1Q22 came in at INR936m, down 33.1 per cent YoY. EBITDA per tonne stood at INR961, a decline of 21 per cent YoY. Sales volumes of 1.23Mt were recorded in the 1Q22, down from the 1.25Mt seen in the sa... |
Shree Cement sees 4% increase in revenue in 1Q2224 May 2022, Published under Cement NewsShree Cement has reported a 3.9 per cent YoY uptick in revenue to INR40.99bn (US$527.8m) in the opening quarter of 2022. Sales volumes over the same period slipped two per cent to 8Mt, while EBITDA declined to INR10.49bn, compared to INR13.04bn in the 1Q21. The EBITDA margin contracted from 31.97 per cent in the 1Q21 to 24.75 per cent this year. According to BusinessLine Online, the growth in revenue is being attributed to price increases as cost pressures and inflation continue to ha... |
Prices expected to fall after excise duty cut on fuel24 May 2022, Published under Cement NewsThe cut in excise duty on fuel by India’s government is expected to lead to price reduction for cement users as the cement industry saves on transport and freight costs, according to companies and analysts, reports Business Standard. In April most cement companies increased prices by 8.3 per cent to INR390 (US$5.02)/50kg bag with expectations for May indicating a further price increase. However, according to analysts, there could be a reduction of the price by as much as INR15/bag although s... |
Nuvoco Vistas Corp sees 24% increase in revenue in FY21-2223 May 2022, Published under Cement NewsIndia-based Nuvoco Vistas Corp has announced its audited financial results for the financial year ended 31 March 2022. Consolidated revenue from operations improved by 24 per cent to INR93.18bn (US$1.2bn) for FY21-22 while consolidated EBITDA reached INR15.39bn and profit after tax at INR320m. Consolidated net debt declined by INR16.66bn to INR50.64bn in the FY21-22. Commenting on the financial results, Nuvoco Vistas Corp MD, Jayakumar Krishnaswamy, said: "FY22 was an exceptionally c... |