Cement News tagged under: indian sub-continent
India invests in green hydrogen production16 January 2023, Published under Cement NewsThe Indian government has approved a plan to invest US$2.3bn in green hydrogen. It plans to produce at least 5Mt of green hydrogen by 2030, reducing the dependence of its cement sector on fossil fuels and cutting greenhouse gas emissions. According to Time, India currently has around 166GW of renewable energy capacity, which is hopes to increase by 125GW by the end of the decade. The aim of the funding initiative is “to make green hydrogen affordable and bring down its cost over the n... |
Oriano commissions solar projects for Shree Cement16 January 2023, Published under Cement NewsIndia-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Banka, Bihar. The plant at Jharkhand was commissioned in July 2022, while the Bihar unit came on-stream in Jan 2023. Speaking about the commissioning, GM – Projects of Oriano Clean Energy Private Ltd, Vaibhav Bhatnagar said, ''With this commissioning, Oriano continues to contribute significantly to India's growi... |
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
State Bank of Pakistan reviews cement industry performance in FY2210 January 2023, Published under Cement NewsThe State Bank of Pakistan (SBP) has critically analysed the performance of the cement industry between July 2021 and June 2022. The central bank gauged the positive and negative impacts on local and export dispatches, employment, quarrying of minerals and the reason behind on slow progress of the industry. The SBP concluded that "marginal growth in local dispatches and declining exports hurt the cement industry in FY21-22". The cement sector’s output declined by 3.6 per cent (48.011Mt) i... |
Jaiprakesh Associates defaults on loans09 January 2023, Published under Cement NewsJaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make payments in respect of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds. In its exchange filing, the company said that in terms of the restructuring plan of its total debt, INR116,890m was to be discharged against the sale of identified cem... |
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-2309 January 2023, Published under Cement NewsDuring the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Banglad... |
Pakistan records a 21% decline in cement dispatches in 1HFY22-2306 January 2023, Published under Cement NewsThe negative trend in cement dispatches in Pakistan has continued in the last few months. The latest data for 1HFY22-23 and December 2022 show the sector has been affected by a slowdown in the local construction industry and unviable exports. Pakistan’s total cement deliveries (domestic and exports) were 21.764Mt during 1HFY22-23, which is 20.7 per cent lower than 27.456Mt dispatched during 1HFY21-22. Out of this total, domestic volumes were 20.03Mt against 24.065Mt during the same period la... |
Ambuja Cements forms new subsidiary, ARL06 January 2023, Published under Cement NewsIndia’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generation. ARL was incorporated on 5 January 2023 and is registered with the Registrar of Companies, Gujarat, Ahmedabad. The new subsidiary is yet to commence operations, reports Business Standard. |
UltraTech Cement selects AUMUND as project partner06 January 2023, Published under Cement NewsUltraTech Cement Ltd has again selected AUMUND India as its partner for a big project. UltraTech Cement is the leading producer of grey and white cement and ready-mix concrete in India, and is one of AUMUND India’s major and longstanding customers. Dr Pietro de Michieli, CEO AUMUND Group, together with Raju Gupta, managing director AUMUND India, led negotiations with UltraTech for the new project. Raju Gupta and Pietro de Michieli celebrate the partnership (© AUMUND)... |
INSEE Cement appoints new CEO06 January 2023, Published under Cement NewsSri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from the role of CEO but will continue as chairman of the company. Mr Kunigk has previously held the positions of executive vice president at INSEE, as well as commercial director, responsible for marketing, sales, products and solutions, innovation and external affairs. Prior to joining INSEE Cement, he worked at Hol... |