Cement News tagged under: India

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LafargeHolcim to invest CHF100m in Indian WHR projects

03 December 2020, Published under Cement News

LafargeHolcim has announced a CHF100m (US$111.84m) investment in India for waste heat recovery systems. The investment will be completed across six sites over the next two years, as part of the group’s net zero roadmap. "On our net zero journey, we set ourselves an ambitious scope 2 target. I am very excited to see India leading the way by investing CHF100m in waste heat recovery. This major step forward builds on our procurement teams’ work in renewable energy," said Magali Anderson, chi...

Production resumes at Sindri plant following protest

03 December 2020, Published under Cement News

Production at ACC’s cement factory in Sindri, India, resumed on Tuesday with a police presence, a day after a clash between protesting villagers and police. The protestors had blocked the entrance of the factory and were demanding jobs for the locals in the factory, according to The Times of India. As many as 11 people were reportedly arrested on Monday and sent to judicial custody.

Star Cement to invest INR4.5bn in new plant

02 December 2020, Published under Cement News

India’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya....

Shiva Cement awards thyssenkrupp Industries India a 4000tpd kiln line project

27 November 2020, Published under Cement News

thyssenkrupp Industries India has won a EUR22m contract from Shiva Cement (JSW Cement Ltd) for a 4000tpd kiln line in Odisha, India.  Vivek Bhatta, MD and CEO of thyssenkrupp Industries India, said: “ We are delighted to have won the trust of Shiva Cement for this prestigious order. We are already seeing green shoots and a return to capital investments in the Indian cement industry.” VN Balasubramanian, ement director of thyssenkrupp Industries India, said: “This order received from Sh...

JSW Cement delays IPO plans

25 November 2020, Published under Cement News

India’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company had already generated a plan to expand its combined cement capacity to 25Mta by 2023 at an investment of INR36bn (US$486.86m). "In 2019, the sector had degrowth, in 2020 COVID hit us. Now December 2022 is a logical timeline for us for the IPO," said Parth Jindal, managing director.

NG Ghadiya Group set to acquire National Limestone from ACC

20 November 2020, Published under Cement News

India’s NG Ghadiya Group, a company involved in the business of construction mining, has announced that it intends to completely acquire National Limestone Co from ACC Ltd. The transaction has been valued at around INR200m (US$2.686m), according to MarketLine.

Shree Cement orders next generation MVR mill from Gebr Pfeiffer

17 November 2020, Published under Cement News

Shree Cement is building a new clinker line near Raipur, India. The raw mill and the coal mill have now been ordered from Gebr Pfeiffer. The new raw material mill, type MVR 6000 R-6, is equipped with an installed drive power of 8700kW and will produce 800tph of raw meal for cement production. The mill will also be equipped with an SLS 6000 VR high-efficiency classifier, which has been optimally adapted for the MVR mill.  Some components of GPpro will be part of the delivery. As such, G...

Star Cement posts 31% fall in profit

13 November 2020, Published under Cement News

India’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago period. The company’s net revenue edged up three per cent YoY to INR3.85bn from INR3.74bn in the 2QFY19-20. Operating expenses rose 8.4 per cent to INR3.36bn from INR3.1bn.

Burnpur Cement sees net loss widen in 2Q

12 November 2020, Published under Cement News

India’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net revenue advanced 19.3 per cent YoY to INR228.5m from INR191.5m. The company’s operating expenses increased 102.7 per cent to INR362.9m from INR179m in the year-ago period.

Shree Cement records 64% increase in profit

12 November 2020, Published under Cement News

India’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn in the corresponding period of last year. Revenue from operations advanced eight per cent to INR32.5bn from INR30.04bn in the 2QFY19-20. The company’s EBITDA also rose 17 per cent YoY to INR9.9bn. In the first half of FY20-21, revenue from operations declined 9.1 per cent YoY to INR57.3bn from INR63.07bn. Consolidate...