Cement News tagged under: India
Siam Cement JV launches Kheda brick plant17 June 2024, Published under Cement NewsSiam Cement BigBloc Construction Technologies Pvt Ltd, a 52/48 joint venture between Gujarat based BigBloc Construction Ltd and Thailand’s SCG International Corp Co Ltd (SCG), has launched its India operations with the commercial production of its first brick plant in Kheda, Gujarat. With the vision of launching next-generation walling solution for the Indian market, the joint venture has invested around INR650m (US$7.7m) in setting up a 250,000m 3 per annum capacity project including ... |
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
BluPine Energy to supply Dalmia Cement (Bharat)17 June 2024, Published under Cement NewsDalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa. “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ... |
Adani Group sets US$3bn aside for multiple cement acquisitions14 June 2024, Published under Cement NewsThe Adani Group is planning several potential acquisitions within the cement sector. These include Hyderabad-based Penna Cement , Jaiprakash Associates’ cement business, Gujarat’s Saurashtra Cement, and Vadraj Cement (owned by ABG Shipyard). The group has allocated US$3bn for these acquisitions, demonstrating its commitment to a bold inorganic growth strategy as it attempts to become the largest cement producer in India. Adani Cement is currently the second-largest producer in I... |
IKN install new cooler grate at Adani Cement13 June 2024, Published under Cement NewsAdani Cement is having a 7800tpd IKN double-stage cooler grate fitted at its Himachal Pradesh cement plant to enhance efficiency, reduce power and clinker temperature, and improve WHRS performance. This strategic initiative aims to bolster the company’s commitment to profitability and energy efficiency. The project involves replacing the first and second grates of the existing IKN Pendulum cooler, with Dynamic Linear Drive (DLD). |
Dalmia Bharat Acquires 26% stake in Solarcraft Power India11 June 2024, Published under Cement NewsDalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt... |
Sonapur cement plant provokes violent protests11 June 2024, Published under Cement NewsTaj Cement Authority’s plans to build a new cement plant in Sonapur, Assam, India, was met by violent protests from local residents over concerns regarding the environmental impact of the plant on the local area. According to Indian Today, activists argue that the INR3420m (US$41m) project will cause irreversible damage to the local ecosystem, impacting not only the biodiversity of the area, which is known for its lush landscapes, and human health. |
UltraTech conserves record water amount in FY23-2410 June 2024, Published under Cement NewsUltraTech Cement Ltd, India’s largest cement and ready-mix concrete company, conserved 105Mm 3 of water in FY23-24, making it five times water positive in line with its stated ambition. UltraTech’s water management efforts encompass areas within the unit premises as well as beyond the fence, ie within the communities the company operates in. The 105Mm 3 of water conserved includes the water it has reused, recycled, harvested and recharged both within its unit premises and through communit... |
Vicat's Kalburgi plant begins training at its new AFR lab05 June 2024, Published under Cement NewsVicat Group has successfully completed of the first phase of its training programme on the new laboratory equipment at its recently-established alternative fuels and raw materials (AFR) laboratory at Kalburgi Cements Pvt Ltd's plant in Chatrasala , Karnataka. The training sessions ran between 23-30 May 2024 and over 20 employees from the quality control and AFR departments took part in the programme. The participants were introduced to a range of advanced laboratory instruments, incl... |
Sagar Cements posts 15% YoY production growth04 June 2024, Published under Cement NewsIndia's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood at a loss of INR520.5m, compared to a gain of INR96.1m in the previous year, while earnings per share... |