Cement News tagged under: India
Udaipur Cement Works inaugurates Dabok cement mill19 April 2024, Published under Cement NewsUdaipur Cement Works Ltd (UCWL) , part of JK Lakshmi Cement Ltd , has inaugurated cement mill IV at its Dabok plant in Udaipur, Rajasthan, India. The new mill increases cement capacity at the integrated plant from 2.2Mta to 4.7Mta and is expected to improve efficiency, productivity and product quality. In addition, the mill includes measures to minimise its environmental impact. Shrivats Singhania, UCWL director and CEO, said, “This expansion not only strengthens our position in the cem... |
Gautam Adani raises stake in Ambuja Cements18 April 2024, Published under Cement NewsGautam Adani and his family have made a further investment in Ambuja Cements . Injecting another INR83,390m (US$998.3m) into the business has increased their stake in the cement producer to 70.3 per cent. This follows a previous injection of funds on 28 March this year, raising their stake to 66.7 per cent. According to The Telegraph, this latest investment will help Ambuja accelerate its growth plans which aim to double its cement production capacity from 76.1Mta, as at the end of 202... |
Shree Cement predicted to see 2% sales advance17 April 2024, Published under Cement NewsIndia-based brokerage, Prabhudas Lilladher, has announced its estimated earnings for Shree Cement in the January-March 2024 period, with a forecast of INR5572m (US$66.58m) in net profit. This marks a two per cent advance YoY, but 24.1 per cent contraction QoQ. Net sales are predicted to advance by 1.9 per cent YoY to INR48,754m, marking a 0.5 per cent decline QoQ, reports Money Control. Meanwhile, EBITDA is forecast to come in at INR11,208m, up 25.6 per cent YoY but down 9.1 per cent... |
Gebr Pfeiffer wins UltraTech mill orders17 April 2024, Published under Cement NewsIndia's UltraTech Cement Ltd is building three new clinker production lines and will use Gebr Pfeiffer vertical roller mill (VRM) technology. Gebr Pfeiffer SE (Germany) and its Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd will carry out the work at the Happy 3 plant where the cement raw material will be ground in an MVR 5000 R-4 mill. With a 5300kW drive, this mill can grind approximately 705tph to a product fineness of 1.5 per cent R212µm. The integrated SLS 5300 VR high-efficiency cl... |
Ambuja Cements acquires 1.5Mta Tuticorin grinding unit16 April 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group , has signed a definitive agreement to acquire a 1.5Mta grinding unit from My Home Industries Group . The deal, which involves the Tuticorin facility in Tamil Nadu, India, has an estimated value of INR4137.5m (US$49.6m), which will reportedly be funded through internal accruals. The acquisition will take Adani Group’s total cement production capacity to 78.9Mta and will enhance the company’s coastal footprint across the southern markets of Tam... |
Kerala cement plants handle 48,000t of non-recyclable waste16 April 2024, Published under Cement NewsCement plants located in India's southern state of Kerala received around 48,000t of non-recyclable waste generated within the state in 2023. The waste was used to provide refuse-derived energy for the cement facilities, according to The Hindu. The waste reportedly amounted to just under 30,000t generated by the government sector, and just over 18,000t from the private sector. According to local government sources, the waste was segregated at material collection facilities before being se... |
Ambuja and ACC cements gain GRIHA recognition15 April 2024, Published under Cement NewsAmbuja Cements and ACC have achieved certification for their sustainable blended cement products and are now enlisted in GRIHA's Product Catalogue. According to the companies, this underscores their leading role in green cement production and commitment to achieving net zero emissions by 2050. GRIHA Council is an independent society developed for the promotion and adoption of sustainable habitats in the Indian subcontinent. It was established in 2007 with the combined efforts of the ... |
Indian cement stocks boosted 3% due to increasing bag prices09 April 2024, Published under Cement NewsIndian cement stocks have seen significant price increases, as major companies have imposed price hikes on bags of cement (averaging INR10-INR15 per bag). The five key producers ( UltraTech Cement , Shree Cements , Ambuja Cement , ACC and Dalmia Bharat ) all experienced gains in share price, ranging between one and three per cent on 3 April 2024. Sources in the industry have reported that various companies in the region have announced prices increases of INR10-15 per bag in t... |
Indian cement leaders will expand capacity by 42.1Mta in FY24-2508 April 2024, Published under Cement NewsUltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider effort to increase its production by 21.6Mta in FY24-25. ACC-Ambuja Cement, the company’s closest competitor, has also announced an addition of 11.6Mta of capacity in FY24-25. Kolkota-based Shree Cement Ltd announced that it has commissioned a further 3Mta of capacity. Industry analysts estimate that the compa... |
UltraTech Cement Ltd completes 100MW solar energy project05 April 2024, Published under Cement NewsUltraTech Cement Ltd has completed a 100MW solar energy project under the Group Captive scheme in the state of Rajasthan. This is the company’s first project for sourcing power for its captive consumption from the inter-state transmission network. Power from this project will be available to the company’s Units in Rajasthan, Gujarat, Himachal Pradesh, Tamil Nadu, Odisha among others. This project is part of UltraTech Cement's stated commitment to increase green power mix to 85 per cent by... |