Cement News tagged under: indian subcontinent
Adani Group shares tumble amidst fraud claims31 January 2023, Published under Cement NewsGautam Adani, owner of the Adani Group , saw his fortune fall by US$20bn on Friday last week after investors withdrew from his companies amidst fraud claims made by a US investment firm. Hindenburg Research published a report accusing the Adani Group of decades of stock manipulation and accounting fraud, according to the BBC. The report was released ahead of a planned share sale for Adani Enterprises, but the news resulted in shares in the company falling by almost 20 per cent. Some of t... |
Sagar Cements sees profits tumble in 202224 January 2023, Published under Cement NewsIndia's Sagar Cements Ltd (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m seen in the same period a year earlier. However, a net loss of INR271.9m was recorded over the three-month period, compared to a profit of INR97.8m in the comparable period in 2021. Over the same period, power and fuel expenses jumped from INR1330m to INR2095.1m. In the nine months ended 31 December 2022, unaudi... |
Sagar Cements wins bid to acquire Andhra Cements18 January 2023, Published under Cement NewsSagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd, said Andhra Cements in a regulatory filing. Andhra Cements operates two cement plants – the 1Mta Durga Cement Works in Dachepalli and the 0.6Mta Visaka Cement Works in Vishakapatnam – both of which are currently closed. This deal will not only boost Sagar Cement’s cement pr... |
ACC launches ACC ECOMaxX04 January 2023, Published under Cement NewsACC Ltd , the cement and building material company of Adani Cement and part of the Adani Group, is set to bring a new dimension to the building materials industry with the launch of ACC ECOMaxX, an expert range of green concrete solutions. ACC ECOMaxX is the industry’s broadest range of green concrete solutions, with 30-100 per cent lower embodied carbon content compared to a reference concrete designed with ordinary Portland cement (OPC). The products are developed using a Unique Gre... |
Indian Prayagraj region to become cement hub02 January 2023, Published under Cement NewsIndia’s Prayagraj region in Uttar Pradesh is set to become a cement production hub. In addition to its two existing cement plants – the 6.6Mta Sadwa works of Jaypee Group and the 2Mta Bara unit of UltraTech Cement – three further cement plants have been announced. JK Cement, KJS Cement and Eco Cement have started the process of building plants in the Trans-Yamuna region of Prayagraj. JK Cement has signed a Memorandum with Uttar Pradesh State Industrial Development Authority (UPSI... |
Gujarat Sidhee Cement suspends production for 8-10 days20 December 2022, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has announced that the kiln at its Sidheegram plant will stop production for 8-10 days, effective from 19 December 2022, for maintenance work. Cement grinding and dispatches will continue as usual, according to the company. |
Spearheading sustainability30 November 2022, Published under Cement NewsOrganisations in India connected with the cement or concrete, construction and ancillary business sectors are compelled to focus on a strategy that integrates the company’s larger vision with sustainability goals. In this article, Mahendra Singhi, MD & CEO at Dalmia Cement (Bharat) Ltd, discusses how leading cement companies in India such as Dalmia Bharat Ltd are spearheading the industry’s shift towards a circular economy. By Mahendra Singhi, Dalmia Cement (Bharat) Ltd, India. Dalmia... |
PIBT reports volumes down in 1QFY22-2329 November 2022, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) reported cargo volumes down to 2.133Mt in the 1QFY22-23 (ended 30 September 2022) compared to 2.782Mt reported in the same period of the previous financial year. The trend is in line with industry demand for imported coal. However, the terminal’s net revenue increased by 1.3 per cent YoY to PKR3.461bn in the 1QFY22-23 from PKR3.138bn. A loss of PKR437m was reported for the 1QFY22-23 period. The net loss after taxation has been attributed to t... |
India: shifting gears28 November 2022, Published under Cement NewsAfter nearly a decade of subdued growth, India’s cement industry is heading towards better days ahead. A quicker-than-expected recovery in demand following the COVID-19 pandemic has put the cement sector on a high growth trajectory and domestic manufacturers are gearing up for the next growth cycle. Gearing for growth: amid the Indian government’s continuous focus on infrastructure, housing, irrigation and a special emphasis on highways and expressways across the length and breadth... |
Pioneer Cement considers green and brownfield expansions24 November 2022, Published under Cement NewsPioneer Cement Ltd (PIOC) of Pakistan is continuously assessing new avenues and business ventures, including green and brownfield expansions in the country, according to the company’s FY21-22 Annual Report. The introduction of the 10,000tpd Line III at PIOC's integrated cement works in Khushab district, Punjab province, has increased total capacity at the plant to 17,300tpd. In addition, a 12MW waste heat recovery (WHR) facility and a 24MW coal power unit have been in operation ... |