Cement News tagged under: UltraTech
UltraTech Cement commissions Rajpura plant31 January 2024, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has announced the commissioning of a 2.6Mta greenfield grinding plant at Rajpura , Punjab, India. This project forms part of the 22.6Mta capacity expansion announced in June 2022. The additional capacity will help UltraTech service the markets in Punjab. With the plant’s commissioning, the company’s total grey cement manufacturing capacity in India now stands at 135.59Mta. |
UltraTech Cement records consolidated net sales of INR164bn22 January 2024, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has released its financial results for the quarter ended 31 December 2023, reporting consolidated net sales of INR164,870m (US$1.983bn) compared with INR152,990m of the corresponding period of the previous year. Profit after tax was INR17770m, the highest-ever quarterly figure as compared to INR10580m in 3QFY22-23. The domestic grey cement sales volume rose five per cent YoY and one per cent QoQ, respectively. Improved operational efficiencies, ... |
UltraTech reports 16% YoY sales volume growth in 1QFY2402 October 2023, Published under Cement NewsUltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a total sales volume for India of 25.66Mt for the quarter. Grey cement sales overseas stood at 1.18Mt for the three-month period, taking total consolidated sales for UltraTech to 26.69 in the 2QFY24. This marks a 16 per cent increase on the 23.10Mt reported in the same quarter a year earlier, but is down 11 per cen... |
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. |
UltraTech sales advance 20% in 1QFY23-2403 July 2023, Published under Cement NewsUltraTech has announced 20 per cent YoY growth in sales volumes in India in the opening quarter of FY23-24 (March-June 2023). Volumes over the three-month period came in at 29.01Mt, compared to 24.2Mt in the same period a year earlier and 30.49Mt in the last quarter of FY22-23. In 1QFY23-24 grey cement volumes advanced by 20 per cent YoY to 28.6Mt, while white cement volumes improved by 12 per cent to 0.41Mt. QoQ growth in the 1QFY23-24 was down five per cent for grey cement and declin... |
Nathdwara Cement commissions 0.8Mta of brownfield capacity16 May 2023, Published under Cement NewsNathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India. The company along with its subsidiary now has 17.05Mta grey cement capacity in the state of Rajasthan and its total grey cement manufacturing capacity, including that of Nathdwara Cement, now stands at 129.95Mta in India. |
UltraTech Cement's Rawan plant wins Kaizen awards25 April 2023, Published under Cement NewsUltraTech Cement ’s integrated cement manufacturing unit Rawan Cement Works, located in Rawan village of Raipur district, Chhattisgarh, has won three Platinum awards and one Silver award at the prestigious 45th Confederation of Indian Industry (CII) National Kaizen competition, organised by the CII Institute of Quality. These awards are a recognition of the unit team’s commitment to customers to ‘manufacture cement based on quality standards incorporating customer expectations’. ... |
Indian profits forecast to decline14 October 2022, Published under Cement NewsIndia’s cement producers are expected to report a decline in profits for the July-September 2022 quarter, according to Mumbai-based brokerage house KR Choksey. The brokerage predicts poor results in the short-term as the industry sees a wave of consolidation taking place, along with huge capital expenditure plans announced by the industry’s leading players. KR Choksey predicts a 19.2 per cent YoY fall in net profit for UltraTech in the 2QFY22-23 with the QoQ picture showing a 33 per ... |
India Cements in talks to sell Madhya Pradesh project04 October 2022, Published under Cement NewsIndia Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but is now looking to sell the site to reduce its long-term debt, reports The Hindu. The project with its limestone mine is valued at around INR8000m (US$97.8m). Among the companies vying for the project are UltraTech Cement , JSW Cement , Birla Group and Adani Group . May 2022 saw India Ceme... |
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... |