Cement News tagged under: india
India: KCP plans to double capacity at Muktyala plant15 June 2016, Published under Cement NewsSpeaking in an interview on CNBC-TV18, GN Murty, CFO of KCP has set out his company’s plans to expand its Muktyala integrated plant from 1.8Mta to 3.5Mta at a cost of INR4bn (US$60m). The new unit will come on-stream in 2018, bringing KCP’s capacity up to 4.4Mta. Three quarters of the cost of the new plant will be financed from borrowing, with the balance raised from KCP internally. |
India: cement volume growth09 June 2016, Published under Cement NewsVolume growth in the Indian cement market increased by 12-18 per cent in the quarter ending March 2016 compared to the 4.7 per cent drop seen in the corresponding quarter last year. This level of growth is the largest seen in the last six quarters, and the only growth to reach double digits, as reported by The Economic Times, India. Due to lower petcoke and coal prices the cost of producing 1t of cement fell by 8.6 per cent to INR3517 (US$52.70) YoY. Medium and small companies in the c... |
India: Jaypee vice chairman and director resigns08 June 2016, Published under Cement NewsJaiprakash Associates Ltd (JAL) said its vice chairman, Sarat Kumar Jain, has resigned from the Group. Jain had been associated with the Jaypee Group for over 50 years. "He is presently 78 years old and is not keeping in good health. As such he has expressed his inability to continue as vice chairman/director of JAL," the firm said. Jain resigned from the office of the vice chairman and director of JAL yesterday with immediate effect, it added. In March, in one of the biggest deals i... |
India: Prism Cement acquires stake in BLA Power07 June 2016, Published under Cement NewsPrism Cement has agreed to acquire 15.23 per cent equity stake for approximately INR210m (US$3.14m) in BLA Power, which is in the sole business of generating thermal power. The company will enter into a power supply agreement with BLA Power for the purchase and consumption of 25MW of RTC (round the clock) power from BLA Power for its Unit I and II cement plants at Satna, Madhya Pradesh, under the Group Captive Arrangement of the Electricity Rules, 2005. This agreement is expected to reduce... |
India: Kanodia Cement plans Bihar grinding unit07 June 2016, Published under Cement NewsKanodia Cement plans to set up a cement grinding unit with a capacity of 1.2Mta in Kuradi village, Durgawati, in Bhabhua district of Bihar. The estimated cost of the project is INR2000m (US$29.9m). The project will be spread over 3.82ha of land. The company has received environmental clearance for the project and is awaiting other necessary clearances. |
India: Ambuja Cement to expand Rupnagar grinding plant06 June 2016, Published under Cement NewsAmbuja Cement has announced that it plans to upgrade the capacity of its grinding plant in Rupnagar in Punjab by 0.9Mta, taking its output to 3.4Mta. The project, which is estimated to cost just INR10.5m (US$156,071), is to be achieved through process optimisation and it is not anticipated that the upgrade plant will require more power than the 15.8MW it currently has access to. In March Ambuja Cement announced that it would spend US$599m building a new integrated works and two new gri... |
India: Talavadi Cement plans new plant06 June 2016, Published under Cement NewsTalavadi Cements, a subsidiary of Birla Corporation, is planning an integrated cement plant at Bari village, district, Satna, Madhya Pradesh. The plant will manufacture 2Mta of clinker and 3Mta of cement and will have a 35MW captive power plant and an 8MW waste heat recovery system. JM Environet is the environmental consultant. The project is waiting for environmental clearance, but land acquisition is in progress. The estimated cost of the project is INR29.55bn (US$440.8m). |
India: Five bidders still in running for Lafarge01 June 2016, Published under Cement NewsThe Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market, although Piramal and Nirma both operate in other sectors in the country. Lafarge India’s assets amount to a capacity of 11Mta and include mining rights. The six plants included in the sale are loca... |
India: JK Cement annual profits down 35.3%31 May 2016, Published under Cement NewsThe Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March 2016 were up slightly YoY at INR705.6m (US$10.5m). Like most Indian producers, JK Cement’s performance appears to have suffered from negative pricing pressures. Revenues were up for both the year and the final quarter, implying higher volumes than for 2014-15, but despite this profits suffered. ... |
India: HeidelbergCement 4Q FY16 margins up 16.5%25 May 2016, Published under Cement NewsOperating margins of HeidelbergCement India jumped 18 per cent in the fourth quarter of FY16 compared to 16.5 per cent in the same period last year. Speaking to CNBC TV, said Jamshed Naval Cooper, CEO and MD of HeidelbergCement India said, "Lower pricing on the revenue front and improved operating efficiencies helped the company post good results in the 4Q of FY16." "For the fourth quarter the volume has been up by about two per cent. The costs have been lower by about 3.9 per cent. On ... |