Cement News tagged under: India
Sagar Cements reports 40% production increase07 November 2018, Published under Cement NewsIndia’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furthermore, the company’s consolidated sales for the month rose by 43.73 per cent YoY to 279,554Mt from 194,500Mt. |
RCCPL announces grinding plant expansion06 November 2018, Published under Cement NewsIndia's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project includes the installation of a 1.2Mta third line, increasing total plant capacity to 3.2Mta. The plans are expected to be completed in the FY20-21 at an investment cost of INR2.5bn (US$34.23m). |
IBAU Hamburg launches largest automatic shipunloader06 November 2018, Published under Cement NewsIBAU Hamburg has successfully commissioned the largest automatically unloading cement cargo ship, the Penna Suraksha, in Southeast Asia. The order will see Penna Cement of India equipped with a shiploader/unloader with 1000tph capacity. |
Penna Cement files for an IPO for expansion plans05 November 2018, Published under Cement NewsPenna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement's CEO, Vikram Reddy said Penna Cement has an expansion plan that includes a mix of brownfield and greenfield plants that will raise the company's cement capacity to 16.5Mta by 2020. The IPO will consist of a fresh issue of INR13,000m and an offer for sale of up to INR2500m by the company's promoter PR Cement Holding... |
Udaipur Cement reports sales increase in 3Q1805 November 2018, Published under Cement NewsIndia's Udaipur Cement Works has reported a contracting net loss in the 3Q18 at INR139m (US$1.903m), compared to a loss of INR234.9m in the year-ago period. Furthermore, sales increased 43.8 per cent YoY to INR1.15bn from INR800m. |
Saurashtra Cement reports 17% sales increase02 November 2018, Published under Cement NewsIndia's Saurashtra Cement has reported a net loss of INR37.2m (US$511,786) in the quarter ending 30 September 2018, falling from a net profit of INR100.7m in the year-ago period. However, the company's sales increased 16.7 per cent YoY to INR1.34bn from INR1.15bn. |
Jindal Steel and Power to enter cement market31 October 2018, Published under Cement NewsJindal Steel and Power (JSP) plans to establish a 2Mta cement plant near its Angul steel plant in Odisha, India. The company has already purchased the land for the plant, which will be established in an industrial park. JSP is now awaiting for the government to hand over the use of the land. The plant is estimated to cost INR5bn (US$67.7m). JSP will use granulated blastfurnace slag to produce blended cement at the new factory. "With the expansion of the steel making capability to 6Mta, ... |
Aditya Birla Group announces US$5bn capex plan29 October 2018, Published under Cement NewsIndia's Aditya Birla Group, parent of UltraTech Cement, has announced US$5bn capex plans over the next three years for its businesses both in the domestic market and abroad. "Our capex plans over the next three years is about US$5bn across our businesses both in the country as well as in the US. Aleris, which Novelis is acquiring, is also another aluminium rolled product player, will attract around US$3bn of this projected capex," said Kumar Mangalam Birla, group chairman, at The Economist... |
Ambuja Cement records 13% net profit rise for 3Q1825 October 2018, Published under Cement NewsIndia’s Ambuja Cement has announced a 12.7 per cent YoY increase in consolidated net profit to INR3.96bn (US$54.08m) for the 3Q18, ended 30 September. Total income rose by 11.8 per cent to INR60.97bn, compared to INR54.51bn of the year-ago period. Net profit was supported by an 8.7 per cent growth in cement sales volumes to 5.46Mt from 5.02Mt. "Our continued focus on growing the topline with our well-defined marketing and commercial strategies focusing on the retail consumers, value adde... |
India Cements to set up 1.5Mta grinding unit23 October 2018, Published under Cement NewsIndia Cements Ltd is planning to establish a 1.5Mta clinker grinding unit in East Nimar district, Madhya Pradesh, at an estimated investment cost of INR3.16bn (US$42.95m). The company is currently awaiting environmental clearance for the project, while financial closure is underway. Contractor and machinery suppliers are yet to finalised, however work on the project is expected to begin by February 2019. |