Cement News tagged under: India
Indian cement demand expected to rise 6-7% in FY1931 August 2018, Published under Cement NewsIndia’s domestic cement demand increased 14.2 per cent YoY in the first quarter of FY19 ended 30 June. However, pan-Indian prices fell approximately 5-6 per cent. Furthermore, rising costs are expected to continue to put pressure on profit margins, according to an ICRA report. "In addition to pricing pressures, higher power and fuel like increase in coal and petcoke prices and freight costs of increase in diesel prices in the near-term are likely to continue to put pressure on the profitabi... |
Project delivers fly ash to plants in northeast India28 August 2018, Published under Cement NewsNTPC Ltd, India's largest power company, has begun transporting fly ash through inland waterways for use in cement manufacture. The pilot project sees the material delivered to Pandu, Assam, from the company's thermal power station in Kahalgaon, Bihar. "For this pilot project, first mile activity of bagging and loading of fly ash into barges will be done by NTPC and the cost of transportation will be taken care of by the Inland Waterways Authority of India and Star Cement," NTPC said in a ... |
UltraTech receives approval to acquire cement business22 August 2018, Published under Cement NewsUltraTech has announced that it received approval from the Competition Commission of India (CCI) to acquire the cement business of Century Textiles and Industries. UltraTech is expected to acquire the cement business through a share swap deal to consolidate its position as a market leader. Century Textiles has three integrated facilities with a total capacity of 11.4Mta and a 2Mta grinding unit. |
Vicat announces expansion plans in India21 August 2018, Published under Cement NewsAt the inauguration of a 1.2Mt bulk cement terminal in Mumbai, France-based Vicat Group announced that it has invested INR3bn (US$43m) this year on capacity expansions in southern and eastern India. "We have already invested INR3bn this year. Our expansion plan includes setting up of 1.2Mt of bulk cement terminal at Kalamboli in Mumbai and second line of 2.75Mta capacity in existing Kalburgi cement plant and establishing a grinding unit of 1.7Mta capacity at Vizag in Andhra Pradesh to expa... |
Wonder Cement to commission grinding unit20 August 2018, Published under Cement NewsIndia’s Wonder Cement is ready to start operations at its 2Mta clinker grinding unit in Dhule, Maharashtra, according to The Hindu. The plant represents an investment of INR4.5bn (US$64.54m) by the company. "The Dhule plant, which will commence operations on Monday, will distribute cement mainly across Maharashtra, while a minimal quantity would be supplied to Madhya Pradesh. The plant will supply mainly to North Maharashtra and Thane, Mumbai and Pune," said Managing Director, JC Toshniwal.... |
Saurashtra announces rise in 3Q sales but drop in 3Q profit20 August 2018, Published under Cement NewsSaurashtra Cement reported a 78.4 per cent decline in its net profit to INR49.3m (US$706,959) in the quarter ended June 2018 from INR228.2m in the year-ago period. Sales advanced 20.8 per cent to INR1.68m in the April-June 2018 period. In April-June 2017 sales reached INR1.391bn. |
Burnpur Cement reports net loss of INR441m in Apr-Jun quarter16 August 2018, Published under Cement NewsIndia’s Burnpur Cement reported a net loss of INR44.1m (US$0.629) in the quarter ended 30 June 2018. In the year-ago period the cement producer saw a net loss of INR334.2m. Burner’s sales reached INR195.9m in the April-June quarter. |
Rain Industries awarded approval for mill upgrade15 August 2018, Published under Cement NewsRain Industries has received approval for the upgrade of its Unit II cement mill at Boincheruvupalli Village, Andhra Pradesh, India. Rain Cements, a wholly-owned subsidiary of Rain Industries, will see cement capacity increase from 2.033Mt to 2.795Mt in a INR419m (US$5.97m) project, which will be funded through internal accruals. The project is scheduled for completion by 30 June 2019. |
Shree Cement to set up 3Mta grinding plant in Cuttack14 August 2018, Published under Cement NewsShree Cement is setting up a 3Mta cement grinding unit at Chandrabali village, Shyampura, in Cuttack district of Odisha. The INR452,550m (US$2m) facility is being constructed by Petron Engineering Construction. The scope of the contract includes civil work of plant building, silos and miscellaneous work for the project. Chief Minister of Odisha, Naveen Patnaik, performed the ground breaking ceremony in 2017. The project is expected to generate employment opportunity for 243 people Comm... |
Chettinad Cement to be evicted off government land14 August 2018, Published under Cement NewsChettinad Cement Corp Ltd has been ordered to vacate government land that it encroached upon to construct a railway track to its Ariyalur railway track. The Madras High Court passed the judgement with Justice SM Subramaniam also ordering a probe into government officials involved in colluding with factory management to use the land. "Such industries cannot encroach upon government land, which is not only a water body, but also used as a pathway by the villagers and the people of that loca... |