Cement News tagged under: indian subcontinent
NCL Industries announces 52% rise in production08 July 2021, Published under Cement NewsIndia’s NCL Industries has announced a 52 per cent YoY increase in cement production to 706,370t in the first quarter of FY21-22. Cement dispatches were also up 44 per cent to 698,498t compared to the year-ago period. The company’s cement board production rose 37 per cent to 17,196t and dispatches climbed 32 per cent to 10,634t. |
India's cement production falls in April and May06 July 2021, Published under Cement NewsIndia's cement production was down by 11 per cent MoM in April and 18 per cent MoM in May, due to the rise of COVID-19 cases and the subsequent lockdown restrictions by many states. However, notwithstanding the onset of the monsoon season, pent-up demand is expected to push volumes forward in the second quarter of the FY21-22. As a result, ICRA ratings agency has revised its volumetric growth estimates for the fiscal year downwards to 10-12 per cent from 15 per cent. Anupama Reddy, ass... |
JK Cement aims for 10% revenue growth in FY2205 July 2021, Published under Cement NewsIndia’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years. |
Pakistan's cement exports rise 5% YoY02 July 2021, Published under Cement NewsCement exports from Pakistan increased 4.6 per cent YoY during the first eleven months of FY20-21, rising to US$253.584m from US$242.505m, according to the Pakistan Bureau of Statistics (PBS). In terms of quantity, cement exports rose 13.3 per cent from 6,570,921t to 7,442,573t. In May 2021, cement exports advanced 47.8 per cent YoY to US$28.527m from US$19.302m in the year-ago period. |
Wonder Cement orders mill from Gebr Pfeiffer02 July 2021, Published under Cement NewsIndia’s Wonder Cement has ordered its eighth vertical roller mill from Gebr Pfeiffer to grind petroleum coke and coal. The producer is starting the expansion of its cement plant in Tehsil Nimbahera, Chittorgarh, which will see its fourth 8000tpd rotary kiln be operated with petroleum coke and/or coal as fuel. Therefore, the company has ordered an MPS 3070 BK mill for fuel grinding. The throughput rate for pure petcoke grinding is 40tph with a product fineness of two per cent R90µm. The mil... |
Gujarat Sidhee Cement posts 28% rise in profit01 July 2021, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported a 27.8 per cent YoY rise in consolidated profit to INR207.9m (US$2.79m) in the 4QFY20-21, up from INR162.7m in the year-ago period. Revenue also increased 17.5 per cent YoY to INR1.94bn from INR1.65bn. In the full-year FY21 period, the company’s profit declined 31.9 per cent to INR305.4m from INR448.3m. Revenue also slipped 3.3 per cent YoY to INR5.66bn from INR5.85bn in the FY19-20. |
UltraTech’s Reddipalayam plant reaches a TSR of 25%30 June 2021, Published under Cement NewsUltraTech Cement’s Reddipalayam plant in Ariyalur, Tamil Nadu, now meets 25 per cent of its fuel requirement through the utilisation of waste materials from municipal corporations and industries. The unit has also successfully reduced CO 2 emissions by 2250tpa, according to the company. The unit sources waste from 11 local municipalities, including Ariyalur, Erode, Kumbakonam, Thanjavur, Perambalur and Karur and also from cities such as Chennai and Kozikhode. The Reddipalayam plant also ... |
Bestway Cement commissions solar power plant30 June 2021, Published under Cement NewsPakistan’s Bestway Cement and Reon Energy Ltd commissioned a 14.3MW captive solar power project at the producer’s unit in Farooqia, Khyber Pakhtunkhwa. The plant is reportedly part of a 50MW project deal dispersed across Bestway’s four locations in Farooqia, Chakwal, Kallar Kahar and Hattar. The new solar power plant is expected to generate around 78,385MWh annually, which would cut around 1Mt of CO 2 equivalent emissions over the lifetime of the project. |
Mangalam Cement completes capacity upgrade at Morak29 June 2021, Published under Cement NewsIndia’s Mangalam Cement has completed a trial run of an expansion project at its Morak plant in Rajasthan. As a result, clinker capacity at the plant has been improved by 300,000tpa and cement by 400,000tpa. Following the upgrades to Morak’s Line I, overall capacity of the company now stands at 4.4Mta. |
Panyam Cement prepares to restart operations28 June 2021, Published under Cement NewsIndia’s Panyam Cement, based in Andhra Pradesh, has received approval from the National Company Law Tribunal (NCLT) to begin operations once more. The NCLT approved the resolution plan for the defunct company, while its new management (RV Consulting Services Company and Sagar Power Ltd) are set to invest INR1bn (US$13.47m) to clear the loans of the previous management and a further INR1.5bn for fresh capital. |