Cement News tagged under: India

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Gujarat Sidhee Cement posts 28% rise in profit

01 July 2021, Published under Cement News

India’s Gujarat Sidhee Cement Ltd has reported a 27.8 per cent YoY rise in consolidated profit to INR207.9m (US$2.79m) in the 4QFY20-21, up from INR162.7m in the year-ago period. Revenue also increased 17.5 per cent YoY to INR1.94bn from INR1.65bn. In the full-year FY21 period, the company’s profit declined 31.9 per cent to INR305.4m from INR448.3m. Revenue also slipped 3.3 per cent YoY to INR5.66bn from INR5.85bn in the FY19-20.

UltraTech’s Reddipalayam plant reaches a TSR of 25%

30 June 2021, Published under Cement News

UltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ...

Mangalam Cement completes capacity upgrade at Morak

29 June 2021, Published under Cement News

India’s Mangalam Cement has completed a trial run of an expansion project at its Morak plant in Rajasthan. As a result, clinker capacity at the plant has been improved by 300,000tpa and cement by 400,000tpa. Following the upgrades to Morak’s Line I, overall capacity of the company now stands at 4.4Mta.

Ambuja Cements and ACC make Industry 4.0 investment

29 June 2021, Published under Cement News

Holcim India companies, Ambuja Cements Ltd and ACC Ltd, are further investing in Industry 4.0 under the group's ‘Plants of Tomorrow’ programme. The four-year programme aims to create a global network of over 270 integrated cement plants and grinding stations in more than 50 countries by applying automation technologies and robotics, artificial intelligence, predictive maintenance and digital twin technologies to the entire production processes. Neeraj Akhoury, CEO India Holcim and mana...

Improving outlook for Indian producer profitability

29 June 2021, Published under Cement News

Recent price hikes undertaken by cement manufacturers in India are expected to aid margin growth in the FY22, according to projections by brokerage house CLSA. Local producers have implemented consecutive price increases in March, April and May, and CLSA believes the sector's profitability outlook has improved, stated a report by Indian business news publication Mint. CLSA expects industry EBITDA/t to increase by three per cent YoY in the FY22. However, CLSA cautions that some of the discr...

Panyam Cement prepares to restart operations

28 June 2021, Published under Cement News

India’s Panyam Cement, based in Andhra Pradesh, has received approval from the National Company Law Tribunal (NCLT) to begin operations once more. The NCLT approved the resolution plan for the defunct company, while its new management (RV Consulting Services Company and Sagar Power Ltd) are set to invest INR1bn (US$13.47m) to clear the loans of the previous management and a further INR1.5bn for fresh capital.

thyssenkrupp Industrial Solutions India appoints a new CEO

25 June 2021, Published under Cement News

Rajesh Kamath will head thyssenkrupp Industrial Solutions India, the plant engineering group company of thyssenkrupp Industrial Solutions AG (BU Uhde) in India.   Kamath takes over the reins   from the CEO & Managing Director PD Samudra, who superannuates at the end of June 2021, after heading the company from 2014 as the first Indian, since its incorporation as an Indian company in 1977.   The official handover was formalised in an online meeting of the company’s key account Cust...

NCL Industries announces expansion plans

24 June 2021, Published under Cement News

India’s NCL Industries has announced an INR3bn (US$40.4m) expansion and modernisation plan to boost its total cement capacity to 3.6Mta by 2022. The project includes setting up a 0.66Mta grinding unit near Anakapalle, Andhra Pradesh, at an investment of INR2bn and modernising its plant in Mattapalli, Telangana, at a cost of INR1bn. "We will be replacing the old ball mills with vertical roller mills for grinding that will enhance capacity by 2000tpd and help boost overall capacities from t...

Geocycle India to process plastic waste from river clean-up

22 June 2021, Published under Cement News

ACC and Ambuja Cement’s waste management subsidiary, Geocycle India, will be joining Rekart Innovations in removing plastic waste from the Jojari riverbed in Pipar, Jodphur, Rajasthan. The first load of plastic waste, weighing more than 10t, was recovered recently and sent to Geocycle’s processing facilities at the cement plants of both cement producers. “Geocycle’s vast co-processing infrastructure guarantees safe and environmentally-friendly final treatment of the collected waste. Co-pr...

JSW Concrete is established in Mumbai with its first unit

22 June 2021, Published under Cement News

JSW Cement, a part of US$12bnn JSW Group, has announced its entry into ready-mix concrete   business under the brand name 'JSW Concrete'. It has set up its first production unit in Chembur, Mumbai, and has plans to expand the business to other locations.   "The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects," the company statement said. JSW Cement is now aiming to o...