Cement News tagged under: India
Dalmia's Umrangso modernisation to use KHD technology12 July 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL) has awarded Humboldt Wedag India a contract for a new 9500tpd clinker line at its plant in Umrangso , Assam, in northeastern India. The project includes a range of best-available decarbonisation technologies, including roller press grinding technology for raw material preparation and a six-stage preheater with Pyroclon calciner, providing the best potential for waste heat recovery. The new line will be notable for its high utilisation of alternative fue... |
Prism Johnson transfers land and mining lease to Ramco Cements10 July 2023, Published under Cement NewsPrism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 acres. Prism Johnson is also transferring a mining lease granted by the Government of Andhra Pradesh covering 663 acres to Ramco Cements Ltd, reports Realty Plus. According to Prism Johnson, it originally purchased the land parcels to set up a greenfield cement plant but has subsequently decided that its “curre... |
LIC reduces stake in India Cements Ltd06 July 2023, Published under Cement NewsIndia-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and July 2023. LIC now holds 11.9m shares in the cement producer. India Cements currently runs eight integrated plants and two grinding units across India, with a total cement production capacity of around 15.5Mta. |
Indian cement demand to rise 7-8% in FY2405 July 2023, Published under Cement NewsCement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain on a par with FY22-23. In a recent report by ICRA, the agency found that cement volumes in April 2023 were up 12 per cent YoY at 36.6Mt. Volumes in FY22-23 showed a nine per cent expansion to 391Mt. This growth was driven by demand from the housing and infrastructure sectors and due to the low base effect of 1QFY21... |
Orient Cement sees revenue advance in FY22-2305 July 2023, Published under Cement NewsOrient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765.6m (FY21-22:INR6006m), with an EBITDA margin of 12.8 per cent, while profit after tax stood at INR1228.2m (FY21-22:INR2633m). Earnings per share over the 12 months were reported at INR5.99. According to Chandrakant Birla, chairman, Orient Cement, “The government’s focus on infrastructure develo... |
Bangladesh cement export revenue jumps 43% YoY05 July 2023, Published under Cement NewsBangladesh has reported 42.7 per cent YoY growth in cement export revenue to US$13.66m in FY22-23 (July 2022-June 2023). This compares to US$9.57m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Historically, the majority of cement exports from Bangladesh are shipped to India, particularly from the northeastern states of Bangladesh. Other popular destinations include N... |
Shree Cement reports 18% YoY revenue growth04 July 2023, Published under Cement NewsShree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 came in at INR33,737m, with profit after tax of INR13,281m. The company registered total sales volumes of 31.82Mt in FY22-23, marking growth of 15 per cent YoY. According to the company this growth was driven by increased government spending and higher demand for housing. Cement production in FY22-23 was 31.21Mt,... |
UltraTech sales advance 20% in 1QFY23-2403 July 2023, Published under Cement NewsUltraTech has announced 20 per cent YoY growth in sales volumes in India in the opening quarter of FY23-24 (March-June 2023). Volumes over the three-month period came in at 29.01Mt, compared to 24.2Mt in the same period a year earlier and 30.49Mt in the last quarter of FY22-23. In 1QFY23-24 grey cement volumes advanced by 20 per cent YoY to 28.6Mt, while white cement volumes improved by 12 per cent to 0.41Mt. QoQ growth in the 1QFY23-24 was down five per cent for grey cement and declin... |
Shree Cement commissions Purulia plant03 July 2023, Published under Cement NewsShree Cement announced the completion of its INR5.5bn greenfield cement plant in Purulia, Bengal, India. The 3Mta cement plant is its first production facility in Bengal and has started trial production on 30 June 2023. Entirely financed by internal acrruals, the Purulia works will serve the growing cement demand in Bengal and Jharkand markets, according to Neeraj Akhouri, Shree Cement’s MD. The project has increased the company’s cement capacity to approximately 50Mta across 15 plants... |
Sika continues Indian expansion03 July 2023, Published under Cement NewsSika is opening a new plant in Kharagpur, eastern India, as it continues to expand its production capacity in the Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100m inhabitants. Alongside state-of-the-art manufacturing lines, the new factory includes office space, laboratories, and warehousing and logistics. Sika now has twelve manufacturing facilities in India and h... |