Cement News tagged under: indian subcontinent

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Malabar Cements launches new dry mix

28 March 2023, Published under Cement News

India's Malabar Cements has launched a new dry mix for use when plastering buildings. The dry mix is made by combining cement and sand after removing dampness with the help of a machine, reports The Hindu. Supplied in 40kg bags, the dry mix can be used directly for plastering simply by adding water and covers a larger area than the conventional cement and sand method, according to the company. Malabar Cements currently runs two cement plants, one integrated and one grinding, located in ...

Sagar Cements appoints new director

28 March 2023, Published under Cement News

India’s Sagar Cements Ltd has appointed Shri Ravichandran Rajagopal as an independent director of the company, effective from 27 March 2023 for a period of five years. A graduate in mechanical engineering, Mr Rajagopal is currently a whole-time director on the board of Anjani Foods Ltd. He has also held roles at Ciba Geigy Ltd, Vijay Cements, Elico Healthcare Ltd and Sri Vishnu Educational Society.

Dalmia Cement sells stake in Dalmia Bharat Refractories

27 March 2023, Published under Cement News

Dalmia Cement (Bharat) Ltd (DCBL) has agreed to sell its entire investment of 18,723,743 equity shares in Dalmia Bharat Refractories Ltd to M/s Sarvapriya Healthcare Solutions Private Ltd. The transaction represents 42.36 per cent of share capital, at a total consideration of INR8000m (US$97.12m), and forms part of DCBL’s strategy to exit non-core business/investment, according to the company.

Pakistan's cement producers play the long game

17 March 2023, Published under Cement News

This week ICR looks at Pakistan 's cement sector where new capacity is coming on-stream and cement producers are jostling for increased market share in the north of the country. Meanwhile, the cost of raw materials and fuel has driven cement prices up and stagnant domestic cement demand means that many producers have looked to export markets. Protecting market share in northern Pakistan is becoming increasingly challenging as cement producers in the region have unleashed a fresh stream...

Dalmia Cement and Vedanta Aluminium team up to produce low-carbon cement

16 March 2023, Published under Cement News

Vedanta Aluminium has entered into a long-term partnership with Dalmia Cement  (Bharat) for the supply of industrial wastes such as fly ash and spent pot lining (SPL) to produce low-carbon cement. Under the agreement, Vedanta’s large aluminium smelter at Jharsuguda will transport around 20 rakes of fly ash per month for five years to Dalmia’s cement plants in Odisha, Chhattisgarh, Meghalaya and Assam, as well as supply SPL to Dalmia’s Rajgangpur plant in Odisha for three years.   Ever...

Gautam Adani sells off stake in Ambuja Cements

13 March 2023, Published under Cement News

Gautam Adani is reportedly looking to sell a 4-5 per cent share in Ambuja Cements  for around US$450m, according to the Financial Times. The move is designed to help lower debt levels and restore investor confidence in his conglomerate.  This follows a report by US-based Hindenburg Research in late January 2023 alleging fraud and stock market manipulation by the Adani Group, which wiped US$145bn off the market value of the conglomerate’s listed companies. If the sale goes ahead, it will...

Nepal exports 153,493t of cement to India in 7MFY22-23

13 March 2023, Published under Cement News

In the 7MFY22-23 Nepal exported cement and clinker worth NPR167.03m (US$1.273m), reports Khabarhub. According to Nepal’s Department of Customs, over the seven-month period, 153,493t of cement were exported, with a value of NPR60.66m. Clinker exports came in at 151,158t, worth NPR106.38m.  According to the government, two Nepali cement companies have been exporting product to India. These include Palpa Cement , which has been exporting cement under the ‘Tansen’ brand since July 2022, an...

Bangladesh reports 50% increase in cement export revenue

09 March 2023, Published under Cement News

Bangladesh has reported 49.7 per cent YoY growth in cement export revenue to US$8.13m in the 8MFY22-23 (July 2022-February 2023). This compares to US$5.43m in the same period a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure also includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries.  For the full FY22-23, ending 31 June 2023, Bangladesh has set an cement export revenue target o...

India builds first cement concrete steel slag road

08 March 2023, Published under Cement News

India’s first cement concrete steel slag road is currently under construction on National Highway 66, around 50km outside Mumbai. The 1km stretch of road, which is located near JSW Cement ’s plant in Dolvi , Maharashtra, is being built using steel slag along with cement slag, according to India Today. The Central Road Research Institute (CRRI) and the Council of Scientific & Industrial Research (CSIR), two of the bodies behind the project, say that 200kg of steel slag is generated for ...

Shree Cement wins coal mine auction

01 March 2023, Published under Cement News

India’s Shree Cement Ltd has been named as the highest bidder for the Datima Coal Mine Block, located in Surajpur Tehsil, Surguja District, Chattisgarh. The block was auctioned by the Ministry of Coal, Government of India, on 27 February 2023. The mine has geological reserves of 13.3Mt. According to the company, it has participated in the coal block auction with the intent of creating fuel security through long-term fuel supply sourcing options for its operations while having flexibilit...