Cement News tagged under: indian subcontinent

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Attock Cement records 22% decline in revenue

25 October 2021, Published under Cement News

Pakistan’s Attock Cement has announced a 21.6 per cent YoY decrease in consolidated revenue to PKR5.73bn (US$32.86m) in the quarter ending 30 September 2021, compared to PKR7.31bn in the year-ago period. Profit also fell 46 per cent YoY to PKR373.3m from PKR691.7m in the 1QFY20-21.

ACC reports 6% rise in EBITDA for the 3Q21

20 October 2021, Published under Cement News

India’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax advanced 23.6 per cent YoY to INR4.5bn from INR3.64bn. "ACC has recorded a solid performance during the quarter through operational excellence and a focus on sustainability while meeting customers’ needs. Despite a steep increase in fuel costs, our cost efficiency measures under project ‘Parvat’ have enabled us to m...

Malabar Cements meets opposition against new mine

20 October 2021, Published under Cement News

India’s BJP district committee has opposed the move to open a new limestone mine in Walayar forest, Kerala, for Malabar Cements Ltd (MCL). The current mining permission for MCL will end in 2023. Therefore, moves are reportedly being made to open a new mine in nearby Pandarathumala, with MCL seeking permission from the Union Ministry of Forest and Environment. However, the party has stated that it is an ecologically sensitive area and no mining should be allowed. In response, employees ...

Penna Cement receives approval for IPO

19 October 2021, Published under Cement News

India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue of INR13bn and an offer for sale of up to INR2.5bn by promoter PR Cement Holdings, which holds a 33.41 per cent stake in the company. The fresh capital is expected to be used for the repayment of borrowings and to fund an expansion project.

Power supply switching station ready for Huaxin Cement

18 October 2021, Published under Cement News

Nepal Electricity Authority (NEA) has commissioned the switching station in Dhading district that will be supplying electricity to the Huaxin Cement plant that is under construction. According to the NEA, the switching station was charged on Friday by using the electricity supply from Marsyangdi-Syuchatar 132kV transmission line. The NEA will be supplying 20MW of electricity to the cement factory. As a result, NEA  will be able to supply electricity locally through two transmission lines w...

Rain Cements completes grinding expansion project

15 October 2021, Published under Cement News

India’s Rain Cements (Rain Industries) has completed a capacity expansion at its cement mill in Boincheruvupalli village, Kurnool District, Andhra Pradesh. The unit’s cement grinding capacity has now been increased from 2.033Mta to 2.795Mta.

UltraTech Cement commissions 1.2Mta of new capacity

13 October 2021, Published under Cement News

India’s UltraTech Cement has commissioned 1.2Mta of new cement capacity, which is the first phase of the 19.5Mta capacity expansion project announced in December 2020. Additional cement capacity of 0.6Mta was commissioned at its Patliputra cement works in Bihar, which takes the unit’s capacity to 2.5Mta. The remaining 0.6Mta was put into operation at its Dankuni facility in West Bengal, taking its capacity to 2.2Mta. The company’s total cement manufacturing capacity in India now stands at ...

Shree Cement orders equipment for new greenfield project

12 October 2021, Published under Cement News

India’s Shree Cement has contracted FLSmidth for a new greenfield project, including the world’s largest Cross-Bar ® Cooler, an OK TM cement mill and JETFLEX ® Burner. The new line will be located near Nawalgarh, Rajasthan, and encompasses a 11,500tpd pyroprocessing system with a six-stage preheater and three-support kiln.   “It is great to further strengthen the collaboration with Shree Cement, not only on growing their business, but doing it in a sustainable way. The new line in Raja...

JK Lakshmi Cement halts production at its Durg plant

05 October 2021, Published under Cement News

India’s JK Lakshmi Cement has suspended production at its 2.7Mta Durg plant in Chhattisgarh, due to a strike called by the state’s Cement Transport Association. Dispatches from the facility, which were substantially reduced from 19 September, have now been completely stopped, according to the company. However, industry-wide negotiations are being held with the state government and the company is hopeful of an amicable solution soon.

Birla Corp plans to reach 30Mta of capacity by 2027

01 October 2021, Published under Cement News

India’s Birla Corp is setting a new target of reaching 30Mta of production capacity by 2027. Its current capacity is 15.6Mta but this is expected to rise to almost 20Mta by the end of the fiscal year, when its 3.9Mta Mukutban plant is commissioned. Birla had previously set a target of reaching 25Mta by 2025. The details of the new expansion plan will be announced when it has been approved by the board, according to Harsh V Lodha, chairman of Birla Group.