Cement News tagged under: India
Orient Cement becomes CSI member26 April 2017, Published under Cement NewsOrient Cement Ltd, part of the CK Birla Group, announced that it has joined the Cement Sustainability Initiative (CSI). The Indian cement producer expects membership of this initiative to give further impetus to its efforts to create a safe and ecologically favourable environment and is in line with its vision to be the “employer of choice” and the “neighbour of choice” in the geographies where it operates, the CSI said in a statement on Tuesday. "We are delighted to be a part of the g... |
UltraTech Cement FY17 sales edge ahead25 April 2017, Published under Cement NewsUltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year earlier. For the final quarter of FY17, volumes reached 13.35Mt compared to 13.32Mt in the same quarter... |
ACC 1Q sales volumes up 4%24 April 2017, Published under Cement NewsACC, part of the LafargeHolcim group, reported a four per cent rise in sales volumes for the first quarter of 2017 to 6.6Mt from 6.36Mt a year earlier. The company noted that the rise in volumes came as the impact of the country’s demonetisation move declined and benefits were delivered from ACC’s ongoing customer excellence initiatives and higher sales from the expanded capacity at Jamul and Sindri plant. Two new products were launched in February 2017, ACC Suraksha and ACC HPC (High P... |
Cement price hike to hit Modi’s affordable housing?24 April 2017, Published under Cement NewsIndian Prime Minister Narendra Modi’s 'Housing for All’ scheme could be impacted by the steep hike in cement prices, the Confederation of Real Estate Developers’ Association of India (CREDAI) argues. According to a report in the Times of India, cement prices have risen from INR250/50kg bag to INR300/bag in the past two months. Developers in Kolkata have also reportedly been informed that the price will be hiked further to INR350 before June. If this is the case, it will raise construction c... |
New orders for Gebr Pfeiffer in South Asia20 April 2017, Published under Cement NewsGebr Pfeiffer has announced that it has received orders for its MVR grinding technology for two South Asia-based cement plants. Wonder Cement switches to Gebr Pfeiffer vertical roller mill for cement grinding Wonder Cement has selected Gebr Pfeiffer’s MVR 6000 C-6 with a 5280kW drive mill for cement grinding at its cement plant Nardana, in the Indian state of Maharashtra. It will produce mixed cements with finenesses of up to five per cent R45µm. Until now, the customer has used combi... |
India: Shree Cement granted ToR for Karnataka plant expansion18 April 2017, Published under Cement NewsShree Cement has been granted terms of reference (ToR) by the Environment Ministry to expand its plant in Kalaburagi district of Karnataka. The project involves increasing clinker capacity from 2.4Mta to 4.5Mta, and cement capacity from 4Mta to 6Mta. The plans also include raising the plant’s captive power plant capacity from 44MW to 50MW and its waste heat recovery power plant from 20MW to 35MW. (Source: Economic Research India). |
India: Sagar Cements to invest another INR280m in power projects13 April 2017, Published under Cement NewsSagar Cements has announced that it is to invest a further INR280m (US$4.35m) to complete the construction of a captive power plant and finance a new solar project, according to reports in the Hindu. The extra money will go towards raising the capacity of the coal-fired captive power plant being built at the firm’s Mattampally plant from 15MW to 18MW. In addition, Sagar is to install a 1MW solar power plant, to be commissioned by June 2017. Sagar also announced that its BMM subsidia... |
Indian Railways to cut fees to win back cement business13 April 2017, Published under Cement NewsIn response to cement producers shifting away from transporting their output by rail, Indian Railways has announced that it plans to reduces charges for firms that can guarantee that at least a specified volume of freight goes by rail, Mint reports. In January 2017 Indian Railways carried around 6Mt of cement, down 15 per cent YoY. Higher freight charges have been blamed for the decline, with producers shifting transport onto the roads as a result. To combat this, the Ministry of Railw... |
India: Orient and JP deal reportedly in final stages05 April 2017, Published under Cement NewsOrient Cement's plan to acquire certain assets of the Jaypee Group is in the final stages and completion of the deal could be announced shortly, according to local media. Citing sources familiar with the development, 'Moneycontrol' reported today that management of both Orient and the Jaypee Group are due to meet this week to discuss last-minute details of the deal. In October 2016, the two companies announced that Orient Cement Would acquire Jaiprakash Associates’ entire stake in Bhil... |
Indian cement producers prefer imported petcoke03 April 2017, Published under Cement NewsCement producers in India continue to prefer better-quality imported petcoke at US$92/t, despite its price being double that of Indian coal, according to the Business Standard. Petcoke prices rose to US$95.75/t at the end of December and fell to US$80.50/t in early February before rising to US$92 at the end of March, S&P Global Platts was quoted. Recent auctions by Coal India yielded disappointing results as around three times more coal than petcoke is required to produce one tonne of... |