Cement News tagged under: Indian subcontinent
Sinoma to expand Lucky Cement's WHR capacity12 May 2021, Published under Cement NewsPakistan’s Lucky Cement has signed an agreement with Sinoma Energy Conservation for the expansion of its two waste heat recovery (WHR) units in Pezu, Khyber Pakhtunkhwa. The capacity of the two plants is expected to advance by around 4MW. The companies have worked together since 2008 on the original WHR lines at Pezu with a generating capacity of 10MW each, as well as the 15MW Karachi EFG power plant project and a waste heat boiler extension in Karachi. |
Nuvoco Vistas set to file papers for INR50bn IPO07 May 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes. |
Zuari Cement cleared to resume operations07 May 2021, Published under Cement NewsAfter being issued with a closure order by the Pollution Control Board last month, India’s Zuari Cement has filed a challenge to the Andhra Pradesh High Court. After hearing the petition, the court dismissed the closure order but noted that the company would still need to implement the board’s instructions by the end of May. |
Gallantt Industry orders ready2grind plant06 May 2021, Published under Cement NewsGallantt Industry has ordered the first ready2grind plant for the Indian subcontinent from Gebr Pfeiffer, which will be installed at its Gorakhpur factory in Uttar Pradesh, India. With 65tph capacity at an average product fineness of 3750cm²/g according to Blaine, the planned MVR 2500 C-4 represents the medium-size of the ready2grind plants. Due to its installation in the vicinity of a steelworks, blast furnace slag, steelworks slag from an induction furnace and fly ash from an inhouse pow... |
NCL Industries receives approval for 110tph project04 May 2021, Published under Cement NewsIndia’s NCL Industries has received board approval to set up a 110tph cement grinding and packing facility at its third line in Mattapalli, Telangana. The project represents an investment of INR1.05bn (US$14.2m). It is expected to be completed within 18 months of the date of its financial closure. |
Ambuja Cements has posted a 30% rise in net sales30 April 2021, Published under Cement NewsIndia’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th... |
Dalmia Bharat sees surge in consolidated profit30 April 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year. |
Lucky Cement announces record profits29 April 2021, Published under Cement NewsPakistan’s Lucky Cement has reported a record consolidated profit after tax of PKR22.15bn (US$144.39m) in the first nine months of the FY20-21. The company’s net profit surged 292 per cent YoY, on the back of improved profitability from its cement segment which saw better efficiency from its new line in northern Pakistan. Gross turnover advanced 63 per cent to PKR202.16bn from PKR123.99bn in the 9MFY19-20. On a standalone basis, its overall sales volumes of cement climbed 31.1 per cent to... |
Shree Digvijay Cement posts 8% rise in income29 April 2021, Published under Cement NewsIndia’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m. |
Maple Leaf Cement sees 13% increase in sales28 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur... |