Cement News tagged under: india
India: Dalmia Cement wins limestone concession auction06 January 2017, Published under Cement NewsDalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the limestone reserves, estimated at 98.7Mt. The winning bid will see Dalmia pay 12.05 per cent of the revenue generated from the mining operations to the state government. |
India: Petron Engineering receives LoI from Shree Cement05 January 2017, Published under Cement NewsPetron Engineering Construction has received a Letter of Intent (LoI) from Shree Cement for the civil works including plant building, silos and miscellaneous work at the cement producer's Orissa grinding project in Shyampur District, Cuttack, Odisha. The value of the contract is approximately INR330m (US$4.86m). In September 2016 the company received a LoI from Shree Cement for civil works at its cement plants at Aurangabad, Bihar and Gulbarga, Karnataka for a total contract value of INR50... |
India: higher petcoke prices will hit cement companies04 January 2017, Published under Cement NewsA near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sector companies in the current financial year, says research firm Indian Ratings. Petcoke has shown an upward movement in prices to around US$60-70/t from US$40/t at the beginning of the financial year. “The rise in petcoke prices coupled with increase in diesel prices is likely to increase power, fuel and freight c... |
India: demonetisation stalls Indian cement recovery29 December 2016, Published under Cement NewsCement demand is unlikely to recover for another year due to demonetisation and an increase in prices for diesel and pet coke that has placed cost pressures on most cement makers, according to a report in The Economic Times. In a survey conducted by JM Financial, cement volumes across multiple markets were adversely impacted following implementation of the government’s demonetisation policy in November. The northern and western regions witnessed a 25-50 per cent fall in sales. Some sou... |
Shree Cement Ltd to construct 5Mta plant in Bengal29 December 2016, Published under Cement NewsShree Cement is planning a 5Mta cement plant and a 20MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur, dist. Purulia, West Bengal. A railway siding, loading unloading system and residential colony will also be constructed. The total estimated cost of the project is INR6000m. The total land area is 104 acres. The project is waiting for environmental clearance and Pollution Control Board approval. According to West Bengal Pollution Control Board sources, pe... |
Ultratech to expand Chittorgarh limestone mine29 December 2016, Published under Cement NewsUltraTech Cement, India, has proposed an expansion of the Aditya limestone mining project at Tehsil Chittorgarh and Nimbahera, district Chittorgarh, Rajasthan from 10Mta to 13.17Mta. The company has proposed expansion of clinker production capacity from 8.4Mta to 8.9Mta at the facility near Sawa Shambupura, district Chittorgarh. The enhanced limestone supply will allow the clinker expansion to take place. |
Shri Ram Industries commissions kiln in Jammu and Kashimir29 December 2016, Published under Cement NewsShri Ram Industries has commissioned an integrated plant at Battal Ballian, district Udhampur, Jammu and Kashmir. The factory consists of 150tpd clinker and 220tpd cement capacity. The unit was commissioned in October 2016. |
India: Prism Cement sees losses shrink for 1HFY1723 December 2016, Published under Cement NewsPrism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divisions. Prisms profits from cement rose by 68 per cent YoY to INR1.1bn. However, sales of cement and ... |
India: new MHI plant operational by January21 December 2016, Published under Cement NewsMy Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017. Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven percent market share and in Karnataka, it is about five to six percent. This plant would help strengthen... |
India: fuel cost rise puts squeeze on margins21 December 2016, Published under Cement NewsThe rising cost of coal and petcoke have put pressure on cement producers even as the impact of demonetisation is depressing demand and bringing down prices, the Business Standard reports. Cement prices in southern India have fallen by INR30 to about INR300 (US$4.42) a bag, while prices in the west are lower still, having slipped to INR245. Analysts believe that demand will fall by 15-20 per cent in December. Meanwhile, petcoke imports have increased in price from US$72.13/t in July to... |