Cement News tagged under: UltraTech Cement
Increasing scope 3 emission reduction investments26 August 2022, Published under Cement NewsThis week, Hanson UK reported on its investment in electric vehicles (EV). The need for more clean energy transport in the cement sector is expected to rise substantially as companies look to meet lower emission targets by 2030. Replacing conventional diesel and petrol vehicles with EV, gas or hydrogen technology is a simple way of reducing scope 3 emissions. The cement sector emits most of its CO 2 directly in scope 1 emissions from the cement stack from pyroprocessing and scope 2 indir... |
UltraTech Cement announces fresh capex plans18 August 2022, Published under Cement NewsUltraTech Cement 's chairman, Kumar Mangalam Birla, addressed shareholders at the company's 22 nd Annual General Meeting (AGM) stating that the company’s Board of Directors approved fresh capex of INR128,860m (US$1623m) towards increasing capacity by 22.6Mta with a mix of brownfield and greenfield expansions. The additional capacity would be created across the country by setting up integrated and grinding units as well as bulk terminals. Commercial production from these new capacities is... |
Margins squeezed for Indian cement producers12 August 2022, Published under Cement NewsIndia remains one the fastest-growing economies at 7.4 per cent GDP growth in 2022, according to the IMF. Cement demand has also risen and is forecast to rise by 7-8 per cent in the FY22-23 to around 388Mt, says ICRA Corporate Ratings. This would seem positive for investment in the Indian cement sector, but cement producers have been announcing tighter margins, and raw material and energy costs are expected to further impact margins going forward. Reporting on operating margins for ceme... |
KHD signs package of contracts with UltraTech Cement12 August 2022, Published under Cement NewsHumboldt Wedag India Private Ltd, a subsidiary of KHD Humboldt Wedag International AG, has signed a package of contracts with UltraTech Cement Ltd. According to Dow Jones Newswires, the package includes two new pyroprocessing lines and eight clinker grinding units. One of these grinding units also has a slag grinding unit. The package, which includes the engineering and supply of equipment as well as supervision services related to erection and commissioning, is reportedly valued at over ... |
UltraTech Cement decreases CO2 intensity by 9% in FY2021-202227 July 2022, Published under Cement NewsUltraTech Cement ( Aditya Birla group ) has released its 2021-22 Sustainability Report. The company claims that in FY2021-2022 it decreased its CO 2 intensity by 9.1 per cent at 551.86kg CO 2 /t of cementitious materials produced. This resulted in achieving 15.1 per cent of Scope 1 intensity target against the target of 27 per cent reduction target by 2032 from the 2017 baseline. Greenhouse gas emissions totalled 195kg CO 2 /m 3 for concrete production. UltraTech Cement now has a re... |
UltraTech Cement Ltd reports net sales of INR150,070m in 1QFY2325 July 2022, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 30 June 2022 with consolidated net sales of INR150,070m (US$1.88bn) versus INR116,980m over the corresponding period of the previous year. After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity. Profit before interest, depre... |
UltraTech Cement expected to report 29% fall in profit22 July 2022, Published under Cement NewsUltraTech Cement is expected to report a 29 per cent YoY drop in net profit to INR12,140m (US$151.9m) for the three months ended 30 June 2022, compared to INR17,000m in the same quarter a year earlier. According to The Economic Times, the fall is due to a 10-15 per cent YoY surge in power and fuels costs, as petcoke and thermal coal prices remain elevated, along with an estimated 5-7 per cent uptick in freight costs. Revenue for the quarter is expected to come in at INR142,380m, up 2... |
10 UltraTech mines receive five-star sustainable management awards14 July 2022, Published under Cement NewsTen of UltraTech Cement Ltd’ s limestone mines have been awarded a five-star rating for sustainable mine management in FY20-21 by the Ministry of Mines and Indian Bureau of Mines. UltraTech was awarded the ratings at the felicitation ceremony held at the 6 th National Conclave on Mines & Minerals (NCMM) on 12 July 2022 in New Delhi. Conceptualised by the Ministry of Mines, the star ratings are based on adoption of best practices for implementation of Sustainable Development Framew... |
UltraTech Cement stalls on plant purchase04 July 2022, Published under Cement NewsUltraTech 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 yuan30 June 2022, Published under Cement NewsUltraTech 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... |