Cement News tagged under: Indian subcontinent

RSS feed

UltraTech commissions solar plant at Dalla

24 February 2023, Published under Cement News

UltraTech Cement inaugurated a 9.50MWp DC solar power plant at its Dalla plant as part of drive to source its energy from 100 per cent renewable energy sources by 2050. The total power consumption of the plant is currently approximately 27MW and the new solar power plant accounts for around a third of this demand, according to Dalla’s plant manager, Rahul Saighal. It is expected that the 1MW reduction of coal-based power consumption will lower CO2 emissions by 820kg.

Orient Cement terminates grinding unit MoU

24 February 2023, Published under Cement News

Orient Cement has terminated a memorandum of understanding (MoU) with Adani Power Maharashtra Ltd (APML) to set up a grinding unit in Maharashtra, India. According to The Hindu, the MoU was signed in September 2021. Orient Cement said APML has requested it not to pursue the venture further as “they are not able to obtain the required MIDC clearances for sub-leasing the parcel of land required for the cement grinding unit due to some legal issues.” Also, “the timelines agreed upon as ...

Mir Cement to increase capacity by 2024

22 February 2023, Published under Cement News

Bangladesh’s Mir Cement has announced plans to raise its production capacity to 5000tpd by 2024. According to New Age Business, the company, which currently produces ordinary Portland cement and Portland pozzolana cement, has seen its capacity expand from 600tpd in 2003 to 2400tpd by 2018. As production has increased, the company has reportedly invested in dust guards to prevent dust being released into the atmosphere and has also opted not to use coal-based heating systems to reduce it...

Way ahead by blended cements

21 February 2023, Published under Cement News

The increased use of blended cements provides the Indian cement industry with new opportunities to reduce its CO 2 emissions and produce a more sustainable product. This drive is supported by the Global Cement & Concrete Association’s (GCCA) decarbonisation roadmap for the sector. By Kaustubh Phadke, GCCA India. Increased urbanisation with the requirement for sustainable construction practices is driving the need for blended cements India accounts for seven per cent of the w...

Dalmia Cement reports 23% rise in revenue

21 February 2023, Published under Cement News

Dalmia Cement (Bharat) Ltd has reported a 22.7 per cent YoY increase in revenue to INR33,550m (US$405.6m) in the 3QFY22-23 ended 31 December 2022. EBITDA over the same period advanced by 57.5 per cent to INR6440m, while cement volumes expanded by 11.5 per cent to reach 6.3Mt. In the 9MFY22-23, revenue improved by 21.8 per cent YoY to INR96,280m, while EBITDA declined 7.7 per cent to INR16,090m. Volumes over the nine-month period came in at 18.3Mt, up 17.1 per cent from the 15.6Mt report...

Plants reopen as Adani resolves freight rate dispute

21 February 2023, Published under Cement News

Adani Cement has announced that ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh, India, after resolving issues over freight rates. According to Reuters, all stakeholders have amicably resolved the issues on freight rates and operations at the Gagal and Darlaghat plants would resume on 21 February 2023.  The parties have reportedly agreed to what equates to a 10-12 per cent cut in overall freight rates from that date. The two plants have been shut ...

Ambuja Cements 'preferred bidder' for Odisha limestone block

20 February 2023, Published under Cement News

Ambuja Cements has been announced as the “preferred bidder” for the Uskalvagu limestone block in Malkangiri district, Odisha. According to Livemint, the company has not revealed the bid amount for the block but said it is spread over 547 hectares with estimated limestone resources of 141Mt. “The company shall get the statutory licences and permits related to mining operations to be declared a 'successful bidder' and subsequently enter into a 'Mine Development and Production Agreement (...

NCLT approves Sagar Cements' acquisition of Andhra Cements

17 February 2023, Published under Cement News

The Amravati bench of the National Company Law Tribunal (NCLT) has approved Sagar Cements' proposal to acquire Andhra Cements for INR9220m (US$111.3m). On 16 February the Sagar Cements board approved a plan to nearly double the capacity of Andhra Cements to 3Mta with a capital outlay of INR4680m, according to Money Control. Of the INR9220m proposed acquisition cost, Sagar Cements plans to raise a debt of INR6000m and equity of INR3220m. The acquisition gives Sagar Cements a 95 per...

CCI gives green light to Dalmia acquisition of JAL

16 February 2023, Published under Cement News

The  Competition Commission of India  ( CCI ) has approved an INR56,660m (US$685.7m) deal related to  Dalmia Cement ’s acquisition of cement, clinker and power plants of  Jaiprakash Associates Ltd (JAL), according to The Hindu Business Line.  The acquisition will enable  Dalmia Cement  to expand its footprint into the central India region and emerge as a pan-India company with 75Mta of capacity by FY27 and 110-130Mta by FY31.This latest transaction, once approved by all...

Grasim Industries sees profit tumble QoQ

15 February 2023, Published under Cement News

Grasim Industries Ltd, which owns UltraTech Cement , has reported unaudited standalone total income from continuing operations of INR62,983.1m (US$760.4m) in the quarter ended 31 December 2022. This compares to INR75,007.5m in the previous quarter and INR58,252.9m in the same period a year earlier. Net profit advanced from INR5224.7m in the quarter ended 31 December 2021 to INR9643m in the quarter ended 30 September 2022, before falling to INR2573.6m in the latest quarter ended 31 Decemb...