Cement News tagged under: India

RSS feed

Orient Cement sees 3Q profit fall by 19% YoY

01 February 2022, Published under Cement News

CK Birla-owned Orient Cement reported an 18.9 per cent decline in net profit to INR436.7m (US$5.84m) for the third quarter, ended 31 December 2021. In the equivalent quarter of 2020, the company had posted a net profit of INR538.8m, said the company in a filing to the Bombay Stock Exchange (BSE). Orient Cement’s revenue in the 3QFY21-22 edged up 2.1 per cent to INR6.175bn, compared with INR6.046bn in 3QFY20-21. Total expenses increased by 4.6 per cent to INR5.526bn in the 3QFY21-22 fro...

Ramco Cements to commission Kurnool clinker plant in February

26 January 2022, Published under Cement News

Ramco Cements Ltd is expected to bring online its 2.25Mta clinker plant in Kurnool, India, in February. The 1Mta cement grinding unit, 12MW waste heat recovery system and 18MW thermal power plant are scheduled to be commissioned in FY2022-23. Its RR Nagar plant project, which will see a new energy-efficient 3000tpd kiln, is likely to be commissioned in FY2023-24. The modernisation project represents and investment of INR4.76bn (US$63.6m).

UltraTech Cement announces INR9.65bn capex for Birla White expansion

25 January 2022, Published under Cement News

UltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement.   The company's board at its meeting on Monday approved the capex plan towards modernisation and the expansion of capacity at Birla White in a ph...

Ramco Cements sees 59% fall in 3Q net profit

25 January 2022, Published under Cement News

India-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in the year-ago period. But the company said demand was weak due to a range of factors such as the monsoo...

UltraTech Cement to acquire National Limestone Co

24 January 2022, Published under Cement News

UltraTech Cement Ltd , India, has executed a share purchase agreement to acquire 100 per cent equity shares in mining company National Limestone Co Pvt Ltd, subject to receipt of applicable regulatory approvals. The equity shares will be acquired at a price of INR230m (US$3.1m).

UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY22

18 January 2022, Published under Cement News

UltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years.  After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states...

Dalmia Cement (Bharat) commences commercial production at Murli

18 January 2022, Published under Cement News

Dalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned aroun...

Narsingarh clinker plant commissions alternative fuel plant

17 January 2022, Published under Cement News

HeidelbergCement India has commissioned a state-of-the-art alternate fuels facility. The recently-commissioned alternative fuel plant will receive, store and feed fuel material at the Narsingarh clinker unit with an investment of INR160m (US$2.157m), will enable the company to achieve a thermal substitution rate (TSR) of approximately five per cent in the first phase and the same will be ramped up gradually to attain double-digit TSR in the coming years. Aligned to the global vision of He...

UltraTech Cement: growing a giant

14 January 2022, Published under Cement News

UltraTech Cement (Aditya Birla group) has been increasing its cement capacity this week with the opening of Line II at its Bara grinding unit in Uttar Pradesh, India. This has taken the group's cement capacity up to 114.55Mta, consolidating its position as one of the world's largest cement manufacturers outside of China. The company's rise has been truly outstanding since its establishment of the first plant for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement) in 1983-88. From a f...

UltraTech Cement wins 12th Frost & Sullivan and TERI Sustainability 4.0 Award 2021

14 January 2022, Published under Cement News

UltraTech Cement has been recognised with the Leaders Award in the Mega Large Business, Process Sector category, at the 12th Frost & Sullivan and TERI Sustainability 4.0 Awards 2021.   The Sustainability 4.0 Awards recognise efforts of companies that incorporate sustainability principles into their business culture. UltraTech received the Leaders Award for its holistic approach to sustainability and its best-in-class sustainability practices, including  i ts circular economy activitie...