Cement News tagged under: India

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Ambuja Cement and ACC renew Master Supply Agreement

19 February 2021, Published under Cement News

The Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a...

Niraj Cement makes new appointments to the Board

16 February 2021, Published under Cement News

The Board of Niraj Cement Structurals Ltd has appointed Vishram Rudre as an additional (managing) director of the company, at its meeting held on 13 February 2021. Sudhakar Tandale has also been appointed as an additional (whole-time) director of the company. Meanwhile, Gulshan Vijaykumar Chopra has resigned as managing director and Ratan Krishan Chopra has resigned as whole-time director.  

Flying Cement completes Punjab WHR plant

15 February 2021, Published under Cement News

The Flying Cement Co Ltd updated the Pakistan Stock Exchange (PSX) that it has achieved another key milestone. Company Secretary, Shahid Ahmad Awan, stated that the company has successfully completed the installation and commissioning of a 7.5MW waste heat recovery power plant (WHRPP) at its site in Mangowal, Khushab district in Punjab, Pakistan. He added, “The employment of this technology will augment our ability to process waste heat absorbed in boilers to produce steam at a suitable...

ACC posts 73% YoY rise in net profit

12 February 2021, Published under Cement News

India’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa...

Mangalam Cement posts 201% rise in net profit

08 February 2021, Published under Cement News

India-based Mangalam Cement reported standalone net profit of INR374.5m (US$5.1m) for the quarter ended 31 December 2020, a 201.1 per cent advance when compared with the equivalent period in 2019. Net revenue increased by 10.2 per cent YoY to INR3.4049bn in the last quarter of 2020 from INR3.0904 in the corresponding quarter of the previous year. Operating expenses declined by 2.3 per cent YoY to INR2.621bn during the October-December 2020 quarter from INR2.682bn in the year-ago period....

ACC has groundbreaking ceremony at Kymore

08 February 2021, Published under Cement News

ACC carried out the groundbreaking ceremony of its 2.7Mta integrated plant with a 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh, India, on 6 February 2021. The line has a 9500tpd kiln with precalciner and a 15MW waste heat recovery system (WHRS). The generation of sustainable power through the WHRS is expected to reduce energy consumption of fossil fuel-based grid power and lead to a reduction in CO 2 emissions of 140,000tpa. In addition, the project will create over 5000 direc...

Ambuja Cement to start biofuel sea trials

08 February 2021, Published under Cement News

Ambuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s sustainability vision of net zero pledge 2030,"  said the ...

Dalmia Bharat reports 603% rise in profit

05 February 2021, Published under Cement News

India’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn...

Ramco Cements sees 4% rise in revenue

05 February 2021, Published under Cement News

India’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of...

UltraTech Cement receives approval to raise INR30bn

04 February 2021, Published under Cement News

India’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches.