Cement News tagged under: Birla Corp
Birla Corp to raise capacity to over 13Mta, India12 July 2013, Published under Cement NewsIndia's Birla Corporation plans to expand its cement capacity over the next three years involving an investment of INR25bn to raise capacity from 9.3Mta to 13.8Mta. Harsha Lodha, chairman of the Birla Corp told the Times of India: "Some of the money would be invested in the company's already announced projects like the 3Mta cement plant at Talavadi, 1.5Mta unit at Chanderia and 1Mta plant in Assam, and also in some other projects yet to be formally approved by the board." The Assam proje... |
Squeeze tightens on Indian cement13 June 2013, Published under Cement NewsMuted volume growth and continuing cost pressures have put a further squeeze on the earnings of Indian cement companies with a disappointing 15 per cent YoY fall in EBITDA/t in Q4FY13. Among the large companies, only HeidelbergCement managed to report an improvement while UltraTech Cement, Dalmia Cement and Prism Cement all reported flat EBITDA/t during the quarter. Volumes declined one per cent YoY over the same period, significantly below the government’s recently revised 7.3 per cent in... |
Birla Corp mulls Ethiopian cement plant29 June 2012, Published under Cement NewsIndia-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the country and secured a limestone mining licence. It has also applied for a coal mining permit, chairman Harsh V Lodha, told reporters at the sidelines of the company’s AGM. “We have formed a subsidiary to apply for the necessary licences. Once we get a coal mining permit, we will ... |
Birla Corp eyes cement plant construction in Ethiopia07 June 2012, Published under Cement NewsBirla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African country. “We plan to go there for exploration of mainly limestone, for setting up a cement plant. We would also explore opportunities of setting up power plants there,” said a Birla Corp official, speaking to Daily News & Analysis India. Birla Corp had previously tried to enter the east African country in 2010 by ... |
Birla Corp to replace coal with CBM at Durgapur unit, India06 February 2012, Published under Cement NewsIndia's Birla Corp said Friday that the company will use coal bed methane gas rather than coal for its Durgapur plant in the state of West Bengal. India Energy News reported that the company took decision owing to the long-term risks associated with coal prices after being linked to global benchmarks. The state-owned coal major Coal India Ltd introduced new coal pricing mechanism linked to global benchmark of Gross Calorific Value (GCV). However, it has to roll back the price rise on stron... |