Cement News tagged under: India

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Birla Corp reports 27% net profit increase

14 May 2021, Published under Cement News

India’s Birla Corp has posted a net profit of INR2.49bn (US$33.87m) in the 4QFY20-21, up 27 per cent YoY from INR1.95bn, as cement sales advanced 24.5 per cent YoY to 4.17Mt. Revenue for January-March 2021 also advanced 24.9 per cent to INR21.46bn. Capacity utilisation reached 108 per cent. For the full-year, Birla Corp recorded its highest-ever net profit of INR6.3bn, up 24.7 per cent YoY, while revenue dipped 1.6 per cent to INR68.85bn. Cement sales also fell 1.8 per cent YoY to 13.39M...

OPGC sends fly ash to Star Cement

13 May 2021, Published under Cement News

India-based Odisha Power Generation Corp (OPGC) has begun dispatching fly ash to Star Cement’s plant in Assam, with around 4000t sent from its thermal power station yesterday. OPGC has three dry fly ash silos with a capacity of 2300t each and has the potential to dispatch around 90000tpm of ash, which could be further increased in months to come.

IKN wins cooler order from Jaykaycem Central

12 May 2021, Published under Cement News

IKN has received an order from Jaykaycem Central Ltd for a new cooler project at Panna, Madhya Pradesh, India. The new 8000tpd clinker cooler will be a two-stage cooler, equipped with an intermediate roll crusher. It is particularly designed to recirculate vent air to boost the waste heat recovery system (WHRS).   One of the new features is a variable cooler inlet slope between 10-15° to adjust to the prevailing clinker conditions, says IKN.

UltraTech Cement's 19.5Mta capacity projects start civil work

11 May 2021, Published under Cement News

UltraTech Cement has placed most of the equipment orders and has seen the start of civil work at the sites of its capacity expansion projects, according to a company update. Earlier the company had approved capacity expansion plans of 19.5Mta through a mix of brownfield and greenfield expansion, covering five integrated cement plants and 12 grinding units. The additional capacity is being created in the fast-growing markets of the east, central and north regions of the country. ...

UltraTech Cement has CO2 reduction targets validated

11 May 2021, Published under Cement News

The Science-Based Targets initiative (SBTi) has validated UltraTech’s carbon dioxide (CO 2 ) emissions reduction targets. In July 2020 the company had committed to set ‘science-based targets’ to reduce its greenhouse gas (GHG) emissions. UltraTech has also committed to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017 and Scope 2 GHG intensity by 69 per cent within the same time frame. The SBTi has validated UltraTech’s GHG reduction targets which covers the tar...

UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q21

10 May 2021, Published under Cement News

UltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR37,510m vis-à-vis INR26,450m in the corresponding period of the previous year. Profit after tax was INR17,750m compared to INR11,290m in the corresponding period of the previous year.   For the full year, consolidated net sales reached INR442,390m when compared with INR417,810m ...

Nuvoco Vistas set to file papers for INR50bn IPO

07 May 2021, Published under Cement News

India’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes.

Gallantt Industry orders ready2grind plant

06 May 2021, Published under Cement News

Gallantt Industry has ordered the first ready2grind plant for the Indian subcontinent from Gebr Pfeiffer, which will be installed at its Gorakhpur factory in Uttar Pradesh, India.   With 65tph capacity at an average product fineness of 3750cm²/g according to Blaine, the planned MVR 2500 C-4 represents the medium-size of the ready2grind plants. Due to its installation in the vicinity of a steelworks, blast furnace slag, steelworks slag from an induction furnace and fly ash from an inhouse pow...

NCL Industries receives approval for 110tph project

04 May 2021, Published under Cement News

India’s NCL Industries has received board approval to set up a 110tph cement grinding and packing facility at its third line in Mattapalli, Telangana. The project represents an investment of INR1.05bn (US$14.2m). It is expected to be completed within 18 months of the date of its financial closure.

Ambuja Cements has posted a 30% rise in net sales

30 April 2021, Published under Cement News

India’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th...