Cement News tagged under: India
Study aids decarbonisation plans in emerging markets20 October 2022, Published under Cement NewsA recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, titled ‘Paving the way for a better future’, was carried out by the Concrete Action for Climate initiative of the Mission Possible Partnership, co-led by the Global Cement and Concrete Association (GCCA), the World Economic Forum, in collaboration with Boston Consulting Group (BCG), and centred on four emerging markets ... |
Dalmia and Sagar submit formal bids for Andhra Cements19 October 2022, Published under Cement NewsDalmia Cement (Bharat) Ltd and Sagar Cements have formally submitted offers to acquire Andhra Cements, according to Business Standard. Andhra Cements, which reportedly owes INR9700m (US$117.9m) to its lenders, was acquired by Jaypee Group in 2012 but has failed to report any sales for the last two years, or repay its debts. Data from Capitaline show that net sales by the company have fallen from INR4663m in FY18 to zero in FY22. Andhra Cements currently has two cement plants with a c... |
ACC Ltd records cement volume growth of 4%18 October 2022, Published under Cement NewsACC Ltd (ACC) (Adani Group) has announced the financial results for the quarter ended 30 September 2022, recording a cement volume grew of four per cent as compared to the same quarter last year. Ready-mix concrete also performed well with a volume growth of approximately 10 per cent over the same quarter last year. With a focus on operational excellence and unlocking potential, ACC has accelerated debottlenecking of various plants and improvement in efficiencies. Alternative fuel... |
Shree Cement reports 67% profit drop17 October 2022, Published under Cement NewsShree Cement Ltd has reported standalone revenue of INR37,810m (US$458.8m) in the quarter ended 30 September, 2022. This compares to INR32,058m in the same period a year earlier, representing an 18 per cent YoY increase. However, net profit over the same period fell by 67 per cent from INR5777m to INR1896m. Total expenses in the September 2022 quarter came in at INR36,882m, notably up from the INR26,137m reported in the same period a year ago. Much of this advance was due to power and f... |
Indian profits forecast to decline14 October 2022, Published under Cement NewsIndia’s cement producers are expected to report a decline in profits for the July-September 2022 quarter, according to Mumbai-based brokerage house KR Choksey. The brokerage predicts poor results in the short-term as the industry sees a wave of consolidation taking place, along with huge capital expenditure plans announced by the industry’s leading players. KR Choksey predicts a 19.2 per cent YoY fall in net profit for UltraTech in the 2QFY22-23 with the QoQ picture showing a 33 per ... |
Imerys extends capacity in India13 October 2022, Published under Cement NewsFrance-based Imerys, a world leader in mineral-based specialties, is planning to extend its capacity to meet rising demand from India’s cement and steel sectors. According to The Hindu, the company has set up a 30,000t calcium aluminate binder plant in Atchutapuram, Andhra Pradesh, to serve India’s refractory and construction industries. Imerys hopes to increase capacity further to 50,000t by 2030. The company is also in the process of setting up a research and development centre at V... |
JSW Cement announces 5Mta of new capacity12 October 2022, Published under Cement NewsJust hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrated greenfield plant in Madhya Pradesh and a split grinding unit in Uttar Pradesh. According to The Hindu Business Line, the combined cement production capacity of the two units will be 5Mta. The plant in Madhya Pradesh will have a 2.5Mta clinker capacity, 2.5Mta grinding capacity, and a 15MW waste heat recovery syste... |
UltraTech Cement receives EPD certificates for four products12 October 2022, Published under Cement NewsUltraTech Cement has been granted Environmental Product Declaration (EPD) certificates for four of its cement products – ordinary Portland cement (OPC), Portland pozzolana Cement (PPC), Portland slag cement (PSC) and Portland composite cement (PCC). An EPD is a clear and objective report that explains the materials used to make a product and how that product impacts the environment throughout its entire life cycle. The real facts and measurements are provided, enabling consumers to ... |
Indian cement sector profitability to reach new highs in FY2511 October 2022, Published under Cement NewsIndia's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved demand led by urban housing, and higher government infrastructure spending (up by eight per cent CAGR ... |
Bharathi Cement launches new terminal and new product11 October 2022, Published under Cement NewsBharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully automated packing and distribution facility, operated by just 16 employees, reports APN News. With dedicated own container wagons and a 24hr loading facility, it is the first terminal in India to have end-to-end logistic automation for the transportation of bulk cement in containers, directly serving customers without any... |