Cement News tagged under: UltraTech Cement
Grasim Industries sees revenue improve 11%11 August 2023, Published under Cement NewsGrasim Industries, which owns UltraTech Cement , has reported revenue of INR310,650m (US$3753m) in the quarter ended 30 June 2023, marking an 11 per cent improvement YoY. Net profit over the same period declined seven per cent to INR25,760m due to higher operational costs and lower realisation. The company has recently launched Birla Pivot, a full-scale B2B e-commerce platform for building materials in Maharashtra, Madhya Pradesh and Delhi. According to Grasim, the platform will ensure o... |
UltraTech Cement invests in wind power company04 August 2023, Published under Cement NewsUltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per cent equity shares of VEH Radiant. VEH Radiant is engaged in generation and transmission of renewable wind power energy. The cost of the share price will not exceed INR151m (US$0.181m). VEH Energy has a registered office at TSIIC Hyderabad Knowledge City, India. |
UltraTech commissions 1.3Mta expansion in West Bengal13 July 2023, Published under Cement NewsUltraTech Cement has commissioned its 1.3Mta brownfield cement capacity expansion at Sonar Bangla , West Bengal, taking the plant’s total capacity to 3.3Mta. This marks completion of the company’s first phase of expansion in the eastern region. UltraTech has commissioned cement capacity of 10.3Mta in the region over the last two years, catering to the rapidly-growing cement demand in the area. The new capacity will also increase the company’s ratio of blended cement as part of its effo... |
UltraTech Cement listed in 'Best of Indian Brands 2023'28 June 2023, Published under Cement NewsUltraTech Cement Ltd has ranked 28th in Interbrand’s ‘Best Indian Brands 2023’ ranking list. UltraTech is the only cement brand to be featured in the 2023 list. Interbrand, a leading global brand consultancy firm, recently unveiled the ‘Best Indian Brands 2023’ rankings. UltraTech has been one of the only few brands that has been part of the Best Indian Brands table since its inception in 2014. As per Interbrand’s report, UltraTech has maintained its position in the Best Indian Brands l... |
UltraTech Cement Ltd ranked No1 for Sustainability23 June 2023, Published under Cement NewsUltraTech Cement Ltd has been ranked No1 in Sustainability in the Infrastructure and Engineering sector in Sustain Labs Paris and BW Businessworld’s India's Most Sustainable Companies list for the 2022-23. UltraTech has seen an improvement in its overall position in the India’s Most Sustainable Companies ranking. From being ranked No 15 in 2021-22, the company has improved two positions to No 13 in 2022-23. This improved ranking is a recognition of the significant progress made by Ul... |
Sustainability-linked loans gain momentum in the cement industry16 June 2023, Published under Cement NewsThis week JSW Cement announced that it was signing a new loan agreement that would be sustainability-linked to raise US$50m in debt capital to help achieve its 50Mta production capacity goal. While this is not JSW Cement's first such loan, ICR looks at the growing trend for committing to sustainability loans in the cement sector, and what they really offer for the environment and shareholders. Sustainability-linked bonds (SLBs) and sustainability-linked loans (SLL) have become increasing... |
UN General Secretary calls for action on net zero14 June 2023, Published under Cement NewsThe Secretary General of the United Nations, António Guterres, has issued a call to action, alongside the CEOs of major cement and concrete manufacturers, for the industry to redouble its efforts, and to work in partnership with governments, to reach net zero. The united rallying call has been made by the CEO of the Global Cement and Concrete Association (GCCA), Thomas Guillot, together with the leaders of GCCA member companies, as they begin a major conference in Zurich. Addressing ... |
IKN cooler start-up at Hirmi cement plant02 June 2023, Published under Cement NewsAfter 24 hours of performance testing, another IKN cooler received its performance test certificate. The cooler, installed at Line 2 in UltraTech Cement 's Hirmi Cement plant, India, has not only achieved but exceeded all guaranteed parameters, says IKN. In addition, the cooler which was designed for 8000tpd, proved to operate at the owners satisfaction at a capacity of 10,000tpd, even with hot air recirculation. |
UltraTech Cement to employ Coolbrook decarbonisation technology26 May 2023, Published under Cement NewsUltraTech Cement Ltd and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic Heater TM (RDH) technology in one of UltraTech’s cement manufacturing units. The RDH technology uses electrification from renewable sources for the heating processes in cement production and removes the need to use fossil fuels, thus helping to accelerate the decarbonisation of cement manufacturing. The successful implementation ... |
UltraTech Cement Ltd recognised by BSC International Safety Awards12 May 2023, Published under Cement NewsUltraTech Cement Ltd’ s five integrated units, one bulk terminal and one grinding unit have been recognised by the British Safety Council (BSC), winning awards for excellence in safety at the prestigious 65 th BSC International Safety Awards, 2023. The event to recognise the winners in India was held in Mumbai on 10 May 2023. UltraTech’s integrated unit at Dhar Cement Works , as well as Pune Bulk Terminal have received a ‘Distinction’ grade during the awards, recognising the hard ... |