Cement News tagged under: indian subcontinent
Geocycle India to help reduce plastic waste leakage19 May 2021, Published under Cement NewsGeocycle India, the in-house waste management arm of LafargeHolcim’s Ambuja Cements and ACC, will implement its Bubble Barrier technology at the Mantola Canal in Uttar Pradesh, to tackle plastic waste leakage. "The Geocycle Bubble Barrier is an innovative concept based on existing technology which makes smart use of a combination of natural currents and a bubble curtain to channel plastic waste towards the banks of rivers and canals instead of it flowing directly into the Yamuna river, fr... |
Penna Cement refiles for IPO17 May 2021, Published under Cement NewsIndia’s Penna Cement Industries has refiled for its initial public offering to raise INR13bn (US$177.5m) through fresh equity shares while its promoters would raise INR2.5bn through an offer for sale. The company expects to use the capital to repay INR5.5bn of borrowings. It would also fund capital expenditure of INR1.05bn for its KP Line II project, while INR800m would go towards upgrading its raw grinding and cement mill in Talaricheruvu, and INR1.1bn and INR1.30bn towards setting up was... |
Birla Corp reports 27% net profit increase14 May 2021, Published under Cement NewsIndia’s Birla Corp has posted a net profit of INR2.49bn (US$33.87m) in the 4QFY20-21, up 27 per cent YoY from INR1.95bn, as cement sales advanced 24.5 per cent YoY to 4.17Mt. Revenue for January-March 2021 also advanced 24.9 per cent to INR21.46bn. Capacity utilisation reached 108 per cent. For the full-year, Birla Corp recorded its highest-ever net profit of INR6.3bn, up 24.7 per cent YoY, while revenue dipped 1.6 per cent to INR68.85bn. Cement sales also fell 1.8 per cent YoY to 13.39M... |
OPGC sends fly ash to Star Cement13 May 2021, Published under Cement NewsIndia-based Odisha Power Generation Corp (OPGC) has begun dispatching fly ash to Star Cement’s plant in Assam, with around 4000t sent from its thermal power station yesterday. OPGC has three dry fly ash silos with a capacity of 2300t each and has the potential to dispatch around 90000tpm of ash, which could be further increased in months to come. |
Sinoma to expand Lucky Cement's WHR capacity12 May 2021, Published under Cement NewsPakistan’s Lucky Cement has signed an agreement with Sinoma Energy Conservation for the expansion of its two waste heat recovery (WHR) units in Pezu, Khyber Pakhtunkhwa. The capacity of the two plants is expected to advance by around 4MW. The companies have worked together since 2008 on the original WHR lines at Pezu with a generating capacity of 10MW each, as well as the 15MW Karachi EFG power plant project and a waste heat boiler extension in Karachi. |
Nuvoco Vistas set to file papers for INR50bn IPO07 May 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes. |
Zuari Cement cleared to resume operations07 May 2021, Published under Cement NewsAfter being issued with a closure order by the Pollution Control Board last month, India’s Zuari Cement has filed a challenge to the Andhra Pradesh High Court. After hearing the petition, the court dismissed the closure order but noted that the company would still need to implement the board’s instructions by the end of May. |
Gallantt Industry orders ready2grind plant06 May 2021, Published under Cement NewsGallantt Industry has ordered the first ready2grind plant for the Indian subcontinent from Gebr Pfeiffer, which will be installed at its Gorakhpur factory in Uttar Pradesh, India. With 65tph capacity at an average product fineness of 3750cm²/g according to Blaine, the planned MVR 2500 C-4 represents the medium-size of the ready2grind plants. Due to its installation in the vicinity of a steelworks, blast furnace slag, steelworks slag from an induction furnace and fly ash from an inhouse pow... |
NCL Industries receives approval for 110tph project04 May 2021, Published under Cement NewsIndia’s NCL Industries has received board approval to set up a 110tph cement grinding and packing facility at its third line in Mattapalli, Telangana. The project represents an investment of INR1.05bn (US$14.2m). It is expected to be completed within 18 months of the date of its financial closure. |
Ambuja Cements has posted a 30% rise in net sales30 April 2021, Published under Cement NewsIndia’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th... |