Cement News tagged under: indian subcontinent
HeidelbergCement India sees revenue increase20 July 2022, Published under Cement NewsHeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over the same period has contracted from INR686.5m to INR516.1m. Expenses came in at INR5308.4m in the quarter ended 30 June 2022, up from INR4626m in the same quarter in the year-ago period. Power and fuel costs have risen over the same period from INR1345.9m to INR2103.4m. |
Sagar Cements and Dalmia Cement express interest in Andhra Cements13 July 2022, Published under Cement NewsSagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to The Economic Times. Andhra Cements, part of the Jaypee Group, currently runs two plants in India located in Dachepalli and Visakhapatnam. In the quarter ended 31 March 2022 the company incurred a loss of INR683.1m (US$8.5m), compared to the same period a year earlier. The loss for the financial year ended 31 March ... |
Nepal makes export debut to India11 July 2022, Published under Cement NewsNepal has exported cement to India for the first time. According to Palpa Cement Industries Ltd, the company shipped 3000 sacks of its Tansen brand to India on 9 July 2022 and will be exporting there on a daily basis as per demand going forward. Although Nepali cement products face stiff price competition in India, demand for PPC cement is high in the Indian market, compared to OPC cement. Palpa Cement believes cement exports could reduce Nepal's trade deficit with India by 15 per cent, r... |
UltraTech Cement stalls on plant purchase04 July 2022, Published under Cement NewsUltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Economic Times. Both companies agreed that the final date for payment for the plant would be 30 June 2022... |
UltraTech Cement pays for Russian coal shipment in yuan30 June 2022, Published under Cement NewsUltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, reports The Hindu. The news is being described by one Singapore-based trader as "significant" as it... |
The India Cements acquires Springway Mining Pvt Ltd29 June 2022, Published under Cement NewsThe India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh. |
Indian event highlights role of calcined clay cement27 June 2022, Published under Cement NewsThe best way forward is to adopt transformative technologies that help decarbonise the cement industry, according to a number of stakeholders who gathered for the 24th "trialogue 2047" hosted by Development Alternatives (DA) in New Delhi, India on 24 June 2022. The event brought together representatives from the cement industry, government, institutions, civil society and academia to discuss the urgent need for decarbonisation. Limestone calcined clay cement (LC3) is seen as a major innov... |
Gujarat Sidhee Cement temporarily stops kiln23 June 2022, Published under Cement NewsIndia-based Gujarat Sidhee Cement Ltd said it has stopped the kiln at its Sidheegram plant for 15-20 days. The stop has been attributed to the plant’s high clinker inventory. Cement grinding and dispatches will continue, according to Reuters. |
Kesoram to boost cement capacity to 15Mta22 June 2022, Published under Cement NewsKesoram Industries Ltd, part of the B K Birla Group, announced that its plans to increase its cement production capacity to 15Mta from 11Mta. The expansion plan will take 3-4 years to complete, according Mr P Radhakrishnan, whole-time director and CEO of Kesoram industries. The increase is cement capacity represents an investment of INR3.5bn-5bn (US$44.8m-64m). Kesoram Industries planned to increase capacity by 1Mta by debottlenecking and then add a kiln to the existing facility to decre... |
India on the recovery path20 June 2022, Published under Cement NewsIndia’s cement industry made a strong comeback in 2021 as the economy started showing a visible post-COVID-19 recovery. The sector posted steep YoY growth of 21 per cent – a level not seen in recent decades – pushing overall production to above pre-pandemic levels. However, sustaining the situation through 2022 may prove challenging. As the Indian economy commenced its post-COVID-19 recovery, cement demand has returned. However, the strong YoY growth may not be sustainable Va... |