Cement News tagged under: India
UltraTech reports 20% increase in net sales22 October 2018, Published under Cement NewsIndia’s UltraTech Cement has reported an 11 per cent YoY decline in its consolidated net profit for the 2QFY18-19 ended 30 September, falling to INR3.76bn (US$51.29m) from INR4.24bn. However, net sales during the quarter rose 20 per cent to INR81.11bn from INR67.52bn on the back of strong cement volume growth, which increased 21 per cent to 15.1Mt. "Domestic sales volumes jumped 21 per cent over 2QFY17-18. However, rising energy and logistics cost coupled with rupee depreciation resulted i... |
ACC reports a 10% rise in net sales18 October 2018, Published under Cement NewsIndia’s ACC has reported a 15 per cent YoY increase in consolidated profit-after-tax to INR2.4bn (US$32.6m) for the 3Q18 ended 30 September. Net sales rose 10 per cent to INR33.64bn, compared with INR30.54bn seen in the year-ago period. Operating EBITDA was up seven per cent YoY to INR4.44bn from INR4.16bn. Furthermore, the cement sector showed volume growth of 10 per cent. "Demand drivers including growth in affordable and rural housing segments as well as infrastructure projects will rema... |
Cement prices in central India rise17 October 2018, Published under Cement NewsWhile cement prices across India declined MoM to INR326 (US$4.44)/50kg bag in October from INR328/bag, they significantly increased by INR3/bag in central India as local demand performed better when compared with other regions. Prices increased by INR5-10/bag in Lucknow, Meerut and Faizabad in Uttar Pradesh and remained steady in a few places such as Bhopal. Better demand conditions are supporting prices, said analysts, but they warned that demand continues to be driven mainly by governmen... |
Gebr Pfeiffer sells first TRT Triples dryer in India16 October 2018, Published under Cement NewsThree Cement has ordered a Gebr Pfeiffer TRT 5000/8/0 Triplex dryer from Gebr Pfeiffer. The equipment will be used to reduce the company's FGD gypsum to a mixture content of below two per cent. This will enable the artificial gypsum to be processed oil other cement plants in the future with the weight of the product being reduced. Gebr Pfeiffer (India) Pvt Ltd will install the 50th dryer plant at the end of 2018, with commissioning expected in spring 2019. Three Cement also plans to partia... |
Emami Cement files IPO prospectus15 October 2018, Published under Cement NewsEmami Cement has filed a prospectus with market regulator Sebi to raise up to INR10bn through an IPO, according to a document on issue manager manager Axis Capital’s website. "The Initial Public Offering of equity shares of face value INR10 each of Emami Cement Ltd for cash. The offer comprises of a fresh issue of equity shares aggregating up to INR500cr and an offer for sale (OFS) of equity shares aggregating up to INR500cr," it states. The IPO will include shares offered by founders gr... |
High expenses deter industry from investing in Himachal Pradesh12 October 2018, Published under Cement NewsMultiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant... |
Tamil Nadu Cements completes construction of new plant11 October 2018, Published under Cement NewsIndia’s Tamil Nadu Cements Corp Ltd has completed the erection of a 1Mta plant in Ariyalur, with 95 per cent of the total work now completed. The new facility represents an investment of INR7.5bn (US$101m) and will be the company’s second plant in the region. "The new plant will be a game changer on various aspects. The fully-automated plant is designed to produce 1Mt of cement a year. It will start commercial production in January or February," said Mr Balasubramaniam, managing director ... |
New RDF rules for Indian cement plants11 October 2018, Published under Cement NewsDetailed guidelines recently finalised for India’s Solid Waste Management Rules 2016 will see cement factories within 400km of RDF plants have to ensure that the material constitutes at least five per cent of their fuel supply. "In this arrangement, cement industries will have to pay the transportation cost of the first 100km, while urban bodies will have to pay for the remaining 300km," said VK Jindal, joint secretary and mission director of Swachh Bharat Mission. Mr Jindal noted that m... |
China National Heavy Machinery Corp win Confidence Cement order09 October 2018, Published under Cement NewsConfidence Cement Dhaka Ltd, an associate of Confidence Cement Ltd, has signed an EP Contract with the China National Heavy Machinery Corporation (CHMC). The contract incudes the supply and delivery of necessary machines/equipment with accessories for a cement mill (VRM) to produce 280tph PCC. The order will consist of the unloading of raw materials to dispatch of bagged/bulk cement, including supervision and commissioning along with related auxiliaries and technical assistance during insta... |
NCL Industries reports 32% production increase09 October 2018, Published under Cement NewsIndia’s NCL Industries has announced strong results in the Jul-Sept 2018 period. Cement production increased 32 per cent YoY to 0.48Mt, while dispatches similarly rose 31 per cent to 0.48Mt. Elsewhere, the company’s production of its cement particle boards advanced 19 per cent YoY to 16,458t. Dispatches of the product increased seven per cent to 16,728t. |