Cement News tagged under: India

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IKN wins Prism Cement cooler order

20 July 2023, Published under Cement News

Prism Cement has ordered an IKN pendulum   clinker cooler. Pre-assembly of the IKN pendulum cooler will take place at Prism Cement's plant in India and it will replace the air beam technology cooler with the latest static inlet. This project will improve the recuperation efficiency, reduce the power and clinker temperature, and improve WHRS performance with hot air recirculation.   IKN carries out the pre-assembly before the kiln shutdown so that the cooler can be erected quickly a...

HeidelbergCement India reports marginal uptick in revenue

19 July 2023, Published under Cement News

HeidelbergCement India has reported revenue of INR5956.4m (US$72.5m) in the first quarter of FY2023-24 ended 30 June 2023. This is up marginally on the INR5898m seen in the same period a year earlier. Net profit over the same timeframe advanced 1.37 per cent to INR523.2m as fuel and packaging costs eased. The company’s total expenses over the quarter were INR5389m, up 1.51 per cent YoY, while sales volumes improved 8.2 per cent.  HeidelbergCement India currently runs operations in ...

India's CMA appoints new president

19 July 2023, Published under Cement News

India’s Cement Manufacturers’ Association (CMA) has appointed Neeraj Akhoury, managing director at Shree Cement Ltd , as its new president, and Parth Jindal, managing director of JSW Cement Ltd , as its vice-president. Mr Akhoury brings with him more than 30 years of experience in the steel and cement industries, having worked in various leadership roles in India and other emerging markets. "As a future direction, the Indian cement industry would like to reiterate its commitment to bein...

Dalmia Cement's Ariyalur plant starts new IKN cooler

19 July 2023, Published under Cement News

An IKN Pendulum cooler has been installed at Dalmia Cement’s Ariyalur plant in India. IKN engineers have designed an innovative Pendulum cooler with a compact design that allows pre-assembly and reduces on-site assembly time. The cooler has been designed to gradually increase the rated capacity of production. The first clinker arrived at the cooler on 16 July 2023.

UltraTech commissions 1.3Mta expansion in West Bengal

13 July 2023, Published under Cement News

UltraTech Cement has commissioned its 1.3Mta brownfield cement capacity expansion at Sonar Bangla , West Bengal, taking the plant’s total capacity to 3.3Mta. This marks completion of the company’s first phase of expansion in the eastern region. UltraTech has commissioned cement capacity of 10.3Mta in the region over the last two years, catering to the rapidly-growing cement demand in the area. The new capacity will also increase the company’s ratio of blended cement as part of its effo...

Dalmia's Umrangso modernisation to use KHD technology

12 July 2023, Published under Cement News

Dalmia Cement (Bharat) Ltd  (DCBL) has awarded Humboldt Wedag India a contract for a new 9500tpd clinker line at its plant in Umrangso , Assam, in northeastern India. The project includes a range of best-available decarbonisation technologies, including roller press grinding technology for raw material preparation and a six-stage preheater with Pyroclon calciner, providing the best potential for waste heat recovery. The new line will be notable for its high utilisation of alternative fue...

Prism Johnson transfers land and mining lease to Ramco Cements

10 July 2023, Published under Cement News

Prism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 acres. Prism Johnson is also transferring a mining lease granted by the Government of Andhra Pradesh covering 663 acres to Ramco Cements Ltd, reports Realty Plus. According to Prism Johnson, it originally purchased the land parcels to set up a greenfield cement plant but has subsequently decided that its “curre...

LIC reduces stake in India Cements Ltd

06 July 2023, Published under Cement News

India-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and July 2023. LIC now holds 11.9m shares in the cement producer.  India Cements currently runs eight integrated plants and two grinding units across India, with a total cement production capacity of around 15.5Mta.   

Indian cement demand to rise 7-8% in FY24

05 July 2023, Published under Cement News

Cement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain on a par with FY22-23.  In a recent report by ICRA, the agency found that cement volumes in April 2023 were up 12 per cent YoY at 36.6Mt. Volumes in FY22-23 showed a nine per cent expansion to 391Mt. This growth was driven by demand from the housing and infrastructure sectors and due to the low base effect of 1QFY21...

Orient Cement sees revenue advance in FY22-23

05 July 2023, Published under Cement News

Orient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765.6m (FY21-22:INR6006m), with an EBITDA margin of 12.8 per cent, while profit after tax stood at INR1228.2m (FY21-22:INR2633m). Earnings per share over the 12 months were reported at INR5.99. According to Chandrakant Birla, chairman, Orient Cement, “The government’s focus on infrastructure develo...