Cement News tagged under: Indian sub-continent
Pakistan exports to the USA for the first time20 January 2023, Published under Cement NewsPakistan’s DG Khan Cement Co (DGKCC) has announced that it will export 600,000t of low-alkali cement to the USA each year. This marks the first time Pakistan has exported cement to the USA, according to Farid Fazal, executive director, DGKCC. The first consignment of 50,000t was dispatched in June 2022, with a second shipment of 37,500t leaving for Houston this month. The third delivery will leave for the US in February this year. Pakistan has become one of 25 countries exporting cemen... |
Steel shortage may impact the cement industry19 January 2023, Published under Cement NewsThe Pakistan Ship Breakers Association (PSBA) said on 18 January that the shipbreaking industry is on the verge of closure as local banks are reluctant to open letters of credit to import vessels for breaking up (recycling) and as a result, producing raw material for the steel industry. This is expected to lead to an acute shortage of construction steel bars in the country. Therefore , there could be a drastic escalation in construction steel prices and it is anticipated that consum... |
UltraTech improves CDP climate action rating to A-17 January 2023, Published under Cement NewsUltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech received an ‘A-’ score for implementing best practices and for taking concerted action on climate issues, securing a place in the Leadership category. UltraTech’s score of 'A-' in FY21-22 by CDP is a significant improvement from its previous score of 'B' in FY20-21. UltraTech’s score on 'climate ch... |
India invests in green hydrogen production16 January 2023, Published under Cement NewsThe Indian government has approved a plan to invest US$2.3bn in green hydrogen. It plans to produce at least 5Mt of green hydrogen by 2030, reducing the dependence of its cement sector on fossil fuels and cutting greenhouse gas emissions. According to Time, India currently has around 166GW of renewable energy capacity, which is hopes to increase by 125GW by the end of the decade. The aim of the funding initiative is “to make green hydrogen affordable and bring down its cost over the n... |
Oriano commissions solar projects for Shree Cement16 January 2023, Published under Cement NewsIndia-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Banka, Bihar. The plant at Jharkhand was commissioned in July 2022, while the Bihar unit came on-stream in Jan 2023. Speaking about the commissioning, GM – Projects of Oriano Clean Energy Private Ltd, Vaibhav Bhatnagar said, ''With this commissioning, Oriano continues to contribute significantly to India's growi... |
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
State Bank of Pakistan reviews cement industry performance in FY2210 January 2023, Published under Cement NewsThe State Bank of Pakistan (SBP) has critically analysed the performance of the cement industry between July 2021 and June 2022. The central bank gauged the positive and negative impacts on local and export dispatches, employment, quarrying of minerals and the reason behind on slow progress of the industry. The SBP concluded that "marginal growth in local dispatches and declining exports hurt the cement industry in FY21-22". The cement sector’s output declined by 3.6 per cent (48.011Mt) i... |
Jaiprakesh Associates defaults on loans09 January 2023, Published under Cement NewsJaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make payments in respect of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds. In its exchange filing, the company said that in terms of the restructuring plan of its total debt, INR116,890m was to be discharged against the sale of identified cem... |
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-2309 January 2023, Published under Cement NewsDuring the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Banglad... |
Pakistan records a 21% decline in cement dispatches in 1HFY22-2306 January 2023, Published under Cement NewsThe negative trend in cement dispatches in Pakistan has continued in the last few months. The latest data for 1HFY22-23 and December 2022 show the sector has been affected by a slowdown in the local construction industry and unviable exports. Pakistan’s total cement deliveries (domestic and exports) were 21.764Mt during 1HFY22-23, which is 20.7 per cent lower than 27.456Mt dispatched during 1HFY21-22. Out of this total, domestic volumes were 20.03Mt against 24.065Mt during the same period la... |