Cement News tagged under: JSW Cement

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UAE climate change ministry signs AF deal with cement companies

14 October 2022, Published under Cement News

The UAE Ministry of Climate Change and Environment and Emirates RDF have signed Memoranda of Understanding (MoUs) with four cement companies – Fujairah Cement Industries , JSW Cement , Lafarge Emirates Cement and Star Cement – that will enable the cement producers to use alternative fuel (AF)  generated from municipal solid waste (MSW) treated by Emirates RDF. A joint venture between Besix, Griffin Refineries and Tech Group Eco, Emirates RDF operates a plant in Umm Al Qaiwain, the fi...

JSW Cement announces 5Mta of new capacity

12 October 2022, Published under Cement News

Just hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrated greenfield plant in Madhya Pradesh and a split grinding unit in Uttar Pradesh. According to The Hindu Business Line, the combined cement production capacity of the two units will be 5Mta. The plant in Madhya Pradesh will have a 2.5Mta clinker capacity, 2.5Mta grinding capacity, and a 15MW waste heat recovery syste...

India Cements in talks to sell Madhya Pradesh project

04 October 2022, Published under Cement News

India Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but is now looking to sell the site to reduce its long-term debt, reports The Hindu. The project with its limestone mine is valued at around INR8000m (US$97.8m). Among the companies vying for the project are UltraTech Cement , JSW Cement , Birla Group and Adani Group . May 2022 saw India Ceme...

JSW Cement secures funds for expansion plans

03 October 2022, Published under Cement News

JSW Cement has secured a INR4000m (US$48.9m) sustainability-linked loan from MUFG Bank India to finance the company’s cement capacity expansion plans, according to The Economic Times. JSW aims to increase capacity from its existing 17Mta to around 25Mta by FY24-25. This marks the third time JSW has sought funds in the last 15 months, have previously raised INR1000m from the State Bank of India in December 2021 and INR15,000m from Apollo Global and Synergy Metals Investments in July 2021.

Indian cement's fuel strategy alters

19 August 2022, Published under Cement News

While the Ukraine-Russian war rages on, the impact on fuel prices can clearly be seen across the globe. Indian cement manufacturers are having to reconsider their strategies for energy consumption and fuel sourcing. Changes in imports have already started to see Indian cement producers seek higher volumes of petcoke imports and cheaper trade routes for thermal coal. Much of the petcoke that Indian cement manufacturers have imported recently has come from Venezuela for the first time, accord...

Indian producers turn to Venezuela for petcoke supplies

17 August 2022, Published under Cement News

The surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time. According to Live Mint, trade data shows that India imported at least four shipments of 160,000t of petcoke from Venezuela, arriving in India between April-June 2022. A further 50,000t cargo is due to reach Mangalore, India, over the coming days and a 30,000t shipment is expected to depart Venezuela for India later t...

Dalmia Bharat joins the Holcim India race

03 May 2022, Published under Cement News

Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta.    UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro...

JSW Cement signs waste deal with Punjab Renewable Energy Systems

05 April 2022, Published under Cement News

JSW Cement has signed an agreement with Punjab Renewable Energy Systems (PRESPL) to use agricultural waste as a source of biomass energy in its cement manufacturing units.   JSW Cement will lessen its reliance on fossil fuels by using agri-waste as a fuel. This sustainable fuel approach improves local air quality while simultaneously providing farmers with additional income.  

Shiva Cement received environmental clearance for Orissa plant expansion

28 March 2022, Published under Cement News

India-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in Kutra, Orissa, to 3Mta clinker capacity and 2Mta cement capacity. The project includes the installation of a 12MW waste heat recovery power generation system. The company will mine limestone from the Khathurbahal North block with a production capacity of 1.6Mta limestone and 0.035Mta mineral reject, 0.033Mta of top...

SBI acquires minority stake in JSW Cement

21 December 2021, Published under Cement News

The State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of INR1bn (US$13.23m). The capital is expected to support the company’s capacity expansion plans from 14Mta to 25Mta. "In a short span of three years, we have increased our capacity from 6Mta to 14Mta and are now working towards achieving the 25Mta milestone over the next 24 months. We take great pride in being the recipient of one of SBI's larger investments through the private equity route. I...