Cement News tagged under: India
UltraTech commissions 1.2Mta Magdella expansion02 August 2023, Published under Cement NewsUltraTech Cement has commissioned its 1.2Mta brownfield capacity expansion at Magdella , Gujarat. The project takes the plant’s total cement capacity to 1.93Mta. According to the company, UltraTech's total grey cement production capacity in India now stands at 132.45Mta. |
Shree Cement starts commercial production at Purulia31 July 2023, Published under Cement NewsShree Cement Ltd has commenced commercial production at its clinker grinding unit in the Purulia district of West Bengal with a cement capacity of 3Mta. According to the company, this is the first factory in the state which will help meet the growing demand for cement in West Bengal. Shree Cement operates 10 integrated cement plants and 11 grinding units across India. The Purulia plant is expected to create direct and indirect employment opportunities for over 1000 people. With this,... |
Shree Cement 1QFY23-24 profits jumps INR5723m26 July 2023, Published under Cement NewsShree Cement ’s first quarter profit for the FY23-24 rose to INR5723m (US$69.7m), up 104.8 per cent in comparison to INR2795m during the corresponding quarter of last year. It posted revenue from operations at INR50,648.3m, up 14.7 per cent as against INR4,4148.5m during the 1QFY22-23. The company’s EBITDA stood at INR9326m. The company posted total income for the quarter at INR52,339m, up 19.1 per cent in comparison to INR43,947.5m during the same period last year. However, the total... |
Orient Cement enters agreement to acquire stake in Ardeur Renewables25 July 2023, Published under Cement NewsIndia-based Orient Cement has entered into a share subscription and shareholders’ agreement with Ardeur Renewables and Cleantech Solar India on 21 July 2023 for the acquisition of a 28.52 per cent stake in Ardeur Renewables’ share capital. It will build two solar power plants with a capacity of 16MWdc in Karnataka and 5.5MWdc in Maharashtra under the Captive Scheme. With the INR95m acquisition, Orient Cement expects to meet its green energy requirement, optimise its energy cost and compl... |
Dalmia Bharat sees revenue advance YoY in June quarter21 July 2023, Published under Cement NewsDalmia Bharat has reported its unaudited consolidated results for the quarter ended 30 June 2023, with revenue from operations coming in at INR36,240m (US$442m) over the three-month period. This compares to INR39,120m in the previous quarter, and INR33,020m in the same period a year earlier. Profit for the June 2023 quarter stood at INR1440m, down from INR6080m in the previous quarter and INR2050m in the same period in 2022. Total expenses in the quarter ended 30 June 2023 were reported... |
GCCA and LeadIT release Green Cement tracker21 July 2023, Published under Cement NewsThe Leadership Group for Industry Transition (LeadIT) and the Global Cement and Concrete Association (GCCA) have launched a new decarbonisation tracker, to help policymakers, industry experts, academics and the public monitor worldwide decarbonisation efforts in the cement industry. The Green Cement Technology Tracker was unveiled at an international inter-governmental meeting focused on clean energy, which is taking place in India. Per Andersson, head of the Secretariat – LeadIT, sai... |
UltraTech Cement Ltd releases its FY22-23 Sustainability Report21 July 2023, Published under Cement NewsUltraTech Cement Ltd has released its Annual Sustainability Report for the FY22-23. Achieving a net CO 2 intensity of 557kg CO 2 /t of cementitious products in FY22-23, UtraTech Cement’s net CO 2 intensity has decreased by 12 per cent against the commitment of 27 per cent reduction by 2032 from the base year of 2017. The company achieved this while increasing YoY volume growth of 14 per cent in FY22-23. UltraTech Cement Ltd h as achieved a water positivity of 4.17 times and plas... |
IKN wins Prism Cement cooler order20 July 2023, Published under Cement NewsPrism Cement has ordered an IKN pendulum clinker cooler. Pre-assembly of the IKN pendulum cooler will take place at Prism Cement's plant in India and it will replace the air beam technology cooler with the latest static inlet. This project will improve the recuperation efficiency, reduce the power and clinker temperature, and improve WHRS performance with hot air recirculation. IKN carries out the pre-assembly before the kiln shutdown so that the cooler can be erected quickly a... |
HeidelbergCement India reports marginal uptick in revenue19 July 2023, Published under Cement NewsHeidelbergCement India has reported revenue of INR5956.4m (US$72.5m) in the first quarter of FY2023-24 ended 30 June 2023. This is up marginally on the INR5898m seen in the same period a year earlier. Net profit over the same timeframe advanced 1.37 per cent to INR523.2m as fuel and packaging costs eased. The company’s total expenses over the quarter were INR5389m, up 1.51 per cent YoY, while sales volumes improved 8.2 per cent. HeidelbergCement India currently runs operations in ... |
India's CMA appoints new president19 July 2023, Published under Cement NewsIndia’s Cement Manufacturers’ Association (CMA) has appointed Neeraj Akhoury, managing director at Shree Cement Ltd , as its new president, and Parth Jindal, managing director of JSW Cement Ltd , as its vice-president. Mr Akhoury brings with him more than 30 years of experience in the steel and cement industries, having worked in various leadership roles in India and other emerging markets. "As a future direction, the Indian cement industry would like to reiterate its commitment to bein... |