Cement News tagged under: indian sub-continent

RSS feed

Pakistan cements export plunges in April and 10MFY22

16 May 2022, Published under Cement News

Pakistan's cement exports continued to fall in April alone and 10MFY22, in particular due to high freight costs and other local factors, according to Pakistan Bureau of Statistics.  Experts stated that high freight costs have made exports overseas unviable. The seaborne exports will continue their current trajectory until freight rates normalise. In addition, cross-border exports to Afghanistan and other regional markets have also fallen victim to poor economic conditions. Sri Lanka is sl...

Dalmia Cement (Bharat) Ltd will expand Belagavi cement plant

12 May 2022, Published under Cement News

Dalmia Cement (Bharat) Ltd  is expanding its existing manufacturing plant at  Belagavi  in north Karnataka by investing INR3000m (US$38.3m). The company expects the investment to create up to 700 new jobs by March 2024. “We plan to invest INR2000m to INR3000m in the next two years towards manufacturing expansion, in terms of enhanced production capabilities, and renewing our energy commitment by planning a solar power capacity installation of 9MW to reduce electricity consumption by half...

Dalmia Bharat Ltd records rising sales volumes of 22.2Mt in FY22

11 May 2022, Published under Cement News

Dalmia Bharat Ltd reported its FY22, for the period ending 31 March 2022, with sales volumes reaching 22.2Mt compared to 20.7Mt in FY21. The company’s EBITDA totalled INR112,860m (US$1461m) in the FY22 up from INR101,100m in the FY21. However, Dlamia Bharat’s profit after tax reached INR11,600m compared to INR11,860m in the FY22. Dalmia Bharat’s 4QFY22 sales totalled 6.6Mt compared to 6.4Mt in the 4QFY21. EBITDA in this period totalled INR6830m down from 7680m in the 4Q21. Profit after ...

Pakistan’s cement dispatches decline in April and 9MFY22

10 May 2022, Published under Cement News

Pakistan's cement industry is facing weaker dispatches issues due to the unstable business and economic situation prevailing in the country. Even the Pakistan stock exchange witnessed a several losses on 9 May 2022, due to further devaluation of the Pakistani rupee against US dollar, uncertainty regarding debt repayments and depletion of foreign exchange reserve, leading investors to remain sidelined from the market as they await a positive trigger by IMF revival programme. The total ceme...

Pakistan’s producers contend with soaring costs

05 May 2022, Published under Cement News

 In the first nine months of the current financial year (9MFY22), Pakistan’s cement producers sold 40.8Mt of cement, down 2.5Mt or 5.8 per cent on the same period a year earlier. While local dispatches have remained stable at 36.1Mt, exports have fallen by 35 per cent. With costs continuing to soar, domestic cement producers are reporting a mixed bag of results as the industry reels from the economic fallout of the pandemic and ongoing crisis in Ukraine. According to estimates by research...

UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-22

02 May 2022, Published under Cement News

UltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31   March 2022. The company reported consolidated net sales of INR155,570m (US$2035m) in the 4QFY21-22 versus 142,320m over the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY21-22 was INR31,650m compared to INR37,510m in the corresponding period of the previous year. Normalised profit after tax was INR14780m in the 4QFY21-22 compared t...

Ramco Cements Ltd completes WHRS at Jayanthipuram plant

27 April 2022, Published under Cement News

The Ramco Cements Ltd has invested in the waste heat recovery system (WHRS) for power generation in all the three lines of its Jayanthipuram cement plant. The last leg of the preheater was commissioned on 16 April 2022. With this, the 27MW WHRS has been fully commissioned at the plant. Further, "we are set to commission company's fifth integrated cement plant at Kolumigundla, Kurnool district, Andhra Pradesh together with 12.15MW of WHRS. The overall capacity of company's WHRS will in...

Aditya Birla Group will consider buying Holcim's Indian assets

26 April 2022, Published under Cement News

Kumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel...

JSW Group in discussions to raise funds to bid for Holcim's Indian operations

22 April 2022, Published under Cement News

Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter.   Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements  and ACC Ltd up for sale as part of a global strategy to focus on core markets.   JSW, one of the strong contenders for the acquisition, is busy organising b...

Pakistan cement dispatches and exports slow in 9MFY22

21 April 2022, Published under Cement News

Pakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities.     Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t...