Cement News tagged under: UltraTech Cement
Grasim Industries announces 2% fall in net profit16 November 2022, Published under Cement NewsGrasim Industries, which has a 57 per cent stake in UltraTech Cement Ltd , has reported standalone net profit of INR9643m (US$118.8m) in the quarter ended 30 September 2022, down 1.5 per cent YoY. Revenue from operations over the same period advanced almost 37 per cent to INR67,450m, while EBITDA expanded 19.4 per cent to INR9566m. Margins, however, contracted by 206 basis points to 14.18 per cent, according to The Economic Times, driven by a sharp hike in input costs and other expenses... |
UltraTech reports net sales of US$1.64bn20 October 2022, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced consolidated net sales of INR135,960m (US$1.64bn) for the quarter ended 30 September 2022, versus INR117,430m in the corresponding period of the previous year. Profit before interest, depreciation and tax was INR11,030m and profit after tax was INR7560m, compared to INR19,470m and INR13,140m in the year-ago period, respectively. Energy costs increased 58 per cent and raw material costs rose 18 per cent YoY. UltraTech achieved cap... |
UltraTech Cement receives EPD certificates for four products12 October 2022, Published under Cement NewsUltraTech Cement has been granted Environmental Product Declaration (EPD) certificates for four of its cement products – ordinary Portland cement (OPC), Portland pozzolana Cement (PPC), Portland slag cement (PSC) and Portland composite cement (PCC). An EPD is a clear and objective report that explains the materials used to make a product and how that product impacts the environment throughout its entire life cycle. The real facts and measurements are provided, enabling consumers to ... |
KHD secures biggest UltraTech order to date12 September 2022, Published under Cement NewsKHD Humboldt India Pvt Ltd has won a major new order from UltraTech Cement ( Aditya Bila Group ). The package of contracts comprises two complete pyro-processing lines and eight grinding units. CemNet previously announced limited information on this new order in August 2022. KHD has now clarified that it signed contracts to supply 10 production processes, including two complete pyro lines at Kotputli in the northern state of Rajasthan, and at Maihar in Madhya Pradesh in central... |
UltraTech commissions 1.3Mta Dalla expansion31 August 2022, Published under Cement NewsUltraTech Cement Ltd announced the commissioning of the 1.3Mta expansion to its Dalla Cement Works in Uttar Pradesh, India. As a result, the plant’s cement capacity is now 1.8Mta and the company’s total capacity in India is 115.85Mta. |
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... |