Cement News tagged under: India

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SBTi validates UltraTech’s CO2 emissions reduction targets

15 March 2021, Published under Cement News

UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announced the validation of its CO 2 emissions reduction targets by the Science-Based Targets Initiative (SBTi). In July 2020 the company committed to set 'science-based targets' to reduce its greenhouse gas (GHG) emissions. UltraTech Cement Ltd commits to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017. The company also commits to reduce Scop...

Shree Cement places WHR order

05 March 2021, Published under Cement News

India’s Shree Cement has placed an order for two WHR boilers from ISGEC Heavy Engineering for its Raipur plant. A PH boiler will be set up at the preheater exhaust, while an AQC boiler will be installed at the cooler exhaust from the facility’s 10,500tpd kiln. This is the second order Shree has placed with the engineering firm, according to a statement. 

Birla Corp appoints new CEO

02 March 2021, Published under Cement News

The board of India’s Birla Corp has approved the appointment of Arvind Pathak as its new CEO and managing director for a period of three years, effective from 31 March 2021. The current CEO, Pracheta Majumdar, is expected to continue as the chief management advisor. Mr Pathak has 36 years of experience in the cement industry, having held management positions for over 14 years in various organisations, including ACC, DCP, Adani and Reliance ADAG group, according to Birla Corp.

Police shut down counterfeit cement outlet in Odisha

25 February 2021, Published under Cement News

The Commissionerate Police have closed down a counterfeit cement manufacturing unit in Jagatpur, Odisha, India. The unit was operating from a warehouse near Khaira bridge for the last 5-6 years.   A police team patrolling the area became suspicious when a cement laden truck exited the unit and the owner of the factory failed to produce documents for the cement. Police raided the factory this week and found counterfeit cement of reputed brands like UltraTech, Ambuja, Raasi Gold and Dal...

Indian demand picks up as industry awaits improved prices

22 February 2021, Published under Cement News

Cement demand in India is improving, but prices have not recovered as yet, according to Motilal Oswal Financial Services (MOFS). Demand has been robust in February, led by the continued healthy demand in the north, east and central India as well as the recovery seen in the west of the country. However, the southern region has seen weak demand, although there has been a strong QoQ uptick in Andhra Pradesh and Telangana. "Our channel checks indicate the seasonal uptick in demand is playing...

UltraTech Cement Ltd orders nine VRMs from Gebr Pfeiffer

19 February 2021, Published under Cement News

In connection with the realisation of three new clinker production lines, nine vertical roller mills have been ordered by UltraTech Cement Ltd of Mumbai from Gebr Pfeiffer and its Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd. The MVR and MPS vertical roller mills offer UltraTech Cement will be used for the finish grinding of cement raw material, fuel and cements.

Ambuja Cement and ACC renew Master Supply Agreement

19 February 2021, Published under Cement News

The Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a...

Niraj Cement makes new appointments to the Board

16 February 2021, Published under Cement News

The Board of Niraj Cement Structurals Ltd has appointed Vishram Rudre as an additional (managing) director of the company, at its meeting held on 13 February 2021. Sudhakar Tandale has also been appointed as an additional (whole-time) director of the company. Meanwhile, Gulshan Vijaykumar Chopra has resigned as managing director and Ratan Krishan Chopra has resigned as whole-time director.  

Flying Cement completes Punjab WHR plant

15 February 2021, Published under Cement News

The Flying Cement Co Ltd updated the Pakistan Stock Exchange (PSX) that it has achieved another key milestone. Company Secretary, Shahid Ahmad Awan, stated that the company has successfully completed the installation and commissioning of a 7.5MW waste heat recovery power plant (WHRPP) at its site in Mangowal, Khushab district in Punjab, Pakistan. He added, “The employment of this technology will augment our ability to process waste heat absorbed in boilers to produce steam at a suitable...

ACC posts 73% YoY rise in net profit

12 February 2021, Published under Cement News

India’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa...