Cement News tagged under: UltraTech Cement
No stopping India's cement capacity rise20 August 2021, Published under Cement NewsIndia is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu... |
UltraTech Cement announce net sales of INR116.9bn23 July 2021, Published under Cement NewsUltraTech Cement Co reported that its consolidated net sales in 1QFY22 reached INR116.9bn (US$1.57bn) compared to INR76bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR35,120m compared to INR23,570m. Profit before tax was INR25,270m and profit after tax was INR17,030m compared to INR11,530m and INR7940m, respectively. Production costs during the quarter increased 11 per cent YoY, mainly on account of higher fuel prices. Th... |
Indian government sets up new cement council08 July 2021, Published under Cement NewsThe Indian government has set up a 25-member development council for the cement industry, which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote the standardisation of products, according to a press release. Other functions of the council include recommending measures for securing the full utilisation of installed capacity, particularly of less efficient units, as well as promoting training, and promoting or undertaking scientific ... |
UltraTech’s Reddipalayam plant reaches a TSR of 25%30 June 2021, Published under Cement NewsUltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ... |
UltraTech Cement's 19.5Mta capacity projects start civil work11 May 2021, Published under Cement NewsUltraTech 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 validated11 May 2021, Published under Cement NewsThe 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 1Q2110 May 2021, Published under Cement NewsUltraTech 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 ... |
UltraTech Cement orders Aumund bucket elevator equipment18 March 2021, Published under Cement NewsUltraTech Cement Ltd has chosen Aumund India to supply a comprehensive equipment package comprising 22 chain bucket elevators, 46 belt bucket elevators, six pan conveyors and 11 Samson® material feeders for its “Project Spring” expansion. The order is one of the largest to date for Aumund India. The expansion project includes three integrated cement plants, each with capacities of up to 10,000tpd. For these kiln lines, Aumund India will supply critical clinker cooler extraction conveyors... |
SBTi validates UltraTech’s CO2 emissions reduction targets15 March 2021, Published under Cement NewsUltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announced the validation of its CO 2 emissions reduction targets by the Science-Based Targets Initiative (SBTi). In July 2020 the company committed to set 'science-based targets' to reduce its greenhouse gas (GHG) emissions. UltraTech Cement Ltd commits to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017. The company also commits to reduce Scop... |
UltraTech Cement Ltd orders nine VRMs from Gebr Pfeiffer19 February 2021, Published under Cement NewsIn connection with the realisation of three new clinker production lines, nine vertical roller mills have been ordered by UltraTech Cement Ltd of Mumbai from Gebr Pfeiffer and its Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd. The MVR and MPS vertical roller mills offer UltraTech Cement will be used for the finish grinding of cement raw material, fuel and cements. |