Cement News tagged under: Indian subcontinent

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Birla Corporation hit by escalating fuel costs

08 August 2022, Published under Cement News

Birla Corp Ltd has reported a 25.2 per cent increase in revenue to INR22,180.6m (US$278.8m) in the first quarter of FY22-23, despite tepid cement demand. However, profitability was hit by rising power, fuel and freight costs, along with the costs incurred with the optimisation of the newly-commissioned Mukutban plant in eastern Maharashtra. Commercial production at the plant began on 30 April 2022 with capacity at the unit expected to reach 3.9Mta, taking the company's total production cap...

Star Cement 1Q net profit drops 24%

03 August 2022, Published under Cement News

India-based Star Cement has seen its net profit decline by 23.7 per cent YoY to INR413.2m (US$5.23m) in the first quarter of FY22-23 (ended 30 June 2022) when compared with a net profit of INR541.8m in the year-ago period. Net revenue increased by 28.7 per cent to INR6.393bn in the 1QFY22-23 from INR5.044bn in the 1QFY21-22. Operating expenses were up by 32.7 per cent YoY to INR5.721bn in the 1QFY22-23. Other income advanced y 32 per cent YoY to INR83.4m. Operating profit edged up by 5...

Dewan Cement appoints new CEO and director

25 July 2022, Published under Cement News

Pakistani cement producer Dewan Cement Ltd informed Pakistan Stock Exchange that Ishtiaq Ahmed and Waseem-ul-Haque Ansari have been appointed as CEO and director of the company, respectively. The appointments are effective of 15 July 2022 and replace Malik Bilal Omar.

HeidelbergCement India sees revenue increase

20 July 2022, Published under Cement News

HeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over the same period has contracted from INR686.5m to INR516.1m. Expenses came in at INR5308.4m in the quarter ended 30 June 2022, up from INR4626m in the same quarter in the year-ago period. Power and fuel costs have risen over the same period from INR1345.9m to INR2103.4m. 

Sagar Cements and Dalmia Cement express interest in Andhra Cements

13 July 2022, Published under Cement News

Sagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to The Economic Times. Andhra Cements, part of the Jaypee Group, currently runs two plants in India located in Dachepalli and Visakhapatnam. In the quarter ended 31 March 2022 the company incurred a loss of INR683.1m  (US$8.5m), compared to the same period a year earlier. The loss for the financial year ended 31 March ...

Nepal makes export debut to India

11 July 2022, Published under Cement News

Nepal has exported cement to India for the first time. According to Palpa Cement Industries Ltd, the company shipped 3000 sacks of its Tansen brand to India on 9 July 2022 and will be exporting there on a daily basis as per demand going forward. Although Nepali cement products face stiff price competition in India, demand for PPC cement is high in the Indian market, compared to OPC cement. Palpa Cement believes cement exports could reduce Nepal's trade deficit with India by 15 per cent, r...

UltraTech Cement stalls on plant purchase

04 July 2022, Published under Cement News

UltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Economic Times. Both companies agreed that the final date for payment for the plant would be 30 June 2022...

UltraTech Cement pays for Russian coal shipment in yuan

30 June 2022, Published under Cement News

UltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, reports The Hindu. The news is being described by one Singapore-based trader as "significant" as it...

The India Cements acquires Springway Mining Pvt Ltd

29 June 2022, Published under Cement News

The India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh.

Indian event highlights role of calcined clay cement

27 June 2022, Published under Cement News

The best way forward is to adopt transformative technologies that help decarbonise the cement industry, according to a number of stakeholders who gathered for the 24th "trialogue 2047" hosted by Development Alternatives (DA) in New Delhi, India on 24 June 2022. The event brought together representatives from the cement industry, government, institutions, civil society and academia to discuss the urgent need for decarbonisation. Limestone calcined clay cement (LC3) is seen as a major innov...