Cement News tagged under: indian sub-continent
Lucky Cement to install 25.3MW captive solar power plant15 September 2022, Published under Cement NewsGM Finance and Company Secretary of Lucky Cement Ltd, Faisal Mahmood, informed Pakistan Stock Exchange (PSX) that following a feasibility study for a renewable energy project, the company has entered into an arrangement with Orient Energy Systems (Pvt) Ltd for the supply and installation of a 25.3MW captive solar power project at its Karachi plant . The estimated project cost is PKR3bn (US$12.75m),and the company is in the process of establishing Letters of Credit to import equipment... |
DG Khan Cement sees reduced profit of PKR2.972bn in FY21-2214 September 2022, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced the financial result for the FY21-22, posting a profit after tax (PAT) of PKR2.972bn (US$12.7m) compared to PKR3.721bn in the same period last year, depicting a decline of 20 per cent YoY. However, during the 4QFY21-22 (April-June 2022), the company recorded a loss of PKR647m against a profit after tax of PKR873m in the 4QFY20-21. According to AHL Research, the loss incurred during the fourth quarter was primarily due to the recognition of super t... |
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... |
Maple Leaf Cement reports 18.9% growth in profit during FY202202 September 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that the company declared its financial results for FY21-22 (July 2021-June 2022), whereby earnings arrived at PKR4.55bn (US$20.5m) against PKR3.82bn last year, up by 19 per cent. Whereas during 4QFY21-22 (April-June 2022), the company posted a profit after tax of PKR232m compared to PKR980m in the same period last year, depicting a decline of 76 per cent YoY mainly on account of imposition of super ta... |
Pakistan incurs huge losses due to flooding31 August 2022, Published under Cement NewsThe Pakistan government has initially estimated a loss of at least US$10bn caused by weeks of torrential rains and subsequent floods, which destroyed many houses and infrastructures across the country. A research house estimated a major requirement of cement, steel and other construction material to rehabilitate masses affected due to flooding. Speaking to the media, Finance Minister, Miftah Ismail, shared the damages estimate, saying the economic impact of floods would be at least US$10b... |
Cherat Cement Co’s net profit rises 39% YoY30 August 2022, Published under Cement NewsCherat Cement Co Ltd (CHCC) announced its annual financial results for the year ended 30 June 2022 (FY21-22), on 25 August 2022, by declaring of net profit of PKR4.45bn (US$20.3m), which was increased by 39 per cent YoY, as compared to PKR 3.2bn in the same period last year. Net sales during the reporting period advanced by 27.3 per cent to PKR 32.08bn in FY21-22 from PKR 25.20bn during the same period last year, said a company bourse filling to Pakistan Stock Exchange (PSX). It incu... |
Menzel Elektromotoren supplies replacement motor26 August 2022, Published under Cement NewsMenzel Elektromotoren has built a replacement motor for a cement plant in Pakistan that can drive any one of three applications: the raw mill, another cement mill or a fan. The motors originally installed differ in various features. Moreover, as the available installation space was extremely limited, a Menzel engineer visited the site to take all the measurements. The solution was a compact slip ring motor in frame size 710 with the cooling system tailored to fit around a ste... |
Adani orders Gebr Pfeiffer mill and classifier25 August 2022, Published under Cement NewsAdani , Gujarat, will supply the market in western India with high-quality cement from a Pfeiffer MVR mill through its subsidiary Adani Cement Industries Ltd. A grinding plant for 165tph of fly ash-pozzolan mixed cement is to be built in the industrial region of Dahej in Gujarat. It will be equipped with an MVR 3750 C-4 with integrated high‑efficiency classifier SLS 4000 VC and a drive with a rated power of 3090kW. For the cement producer, the active redundancy of the four grinding roll... |
Indian cement's fuel strategy alters19 August 2022, Published under Cement NewsWhile the Ukraine-Russian war rages on, the impact on fuel prices can clearly be seen across the globe. Indian cement manufacturers are having to reconsider their strategies for energy consumption and fuel sourcing. Changes in imports have already started to see Indian cement producers seek higher volumes of petcoke imports and cheaper trade routes for thermal coal. Much of the petcoke that Indian cement manufacturers have imported recently has come from Venezuela for the first time, accord... |
Lucky Cement wins environmental award19 August 2022, Published under Cement NewsLucky Cement Ltd has won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organised by The National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition to its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan. |