Cement News tagged under: indian subcontinent

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Adani reduces use of wholesalers

10 October 2023, Published under Cement News

In a bid to boost profitability, Ambuja Cements Ltd and ACC Ltd has reduced the number of distributors it uses in the Gujarat region of India from 12 to three. The move is part of a trial by the Adani Group to reduce its reliance on distributors or wholesalers, reports Live Mint. According to local sources, the cement producers plan to build stronger relationships with retailers, the last point of sales for cement. For large bulk projects, such as a flyover, sales will also now be h...

Power Cement looks to enhance financial and tax efficiencies

02 October 2023, Published under Cement News

The Board of Directors at Pakistan-based Power Cement Limited has requested the company's management explore and evaluate opportunities for a potential reorganisation of group companies. According to Mettis Global, the objective is to enhance financial and tax efficiencies across the group's entities. The decision came in response to an invitation from the group's leadership, urging the company to examine viable options that strengthen the balance sheets of group companies for financial...

UltraTech reports 16% YoY sales volume growth in 1QFY24

02 October 2023, Published under Cement News

UltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a total sales volume for India of 25.66Mt for the quarter. Grey cement sales overseas stood at 1.18Mt for the three-month period, taking total consolidated sales for UltraTech to 26.69 in the 2QFY24. This marks a 16 per cent increase on the 23.10Mt reported in the same quarter a year earlier, but is down 11 per cen...

Shree Cement approves NCDs to fund expansion

27 September 2023, Published under Cement News

Shree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secured, rated, redeemable and taxable NCDs with a base issue size of INR3500m, with an option to retain oversubscription of up to INR3500m, will be allotted today (26 September 2023) at a face value of INR100,000 each for cash at par. The date of maturity of the NCDs to be issued on a private placement basis to certai...

Unique Cement Industries Ltd joins WCA

22 September 2023, Published under Cement News

The World Cement Association (WCA) has welcomed Bangladesh-based Unique Cement Industries Limited as a corporate member. Established in 2002, Unique Cement has 1500 employees and is a subsidiary of Meghna Group Industries, one of the largest and fastest growing industrial conglomerates in Bangladesh. Unique Cement started its journey with a 1500tpd grinding plant in Meghnaghat , Sonagon. More production lines were added in 2007, 2012 and 2019 taking total cement production capacity to 5Mt...

JK Lakshmi Cement to buy Amplus Helios solar stake

20 September 2023, Published under Cement News

India-based JK Lakshmi Cement Ltd , part of JK Organisation, has announced it will acquire a 20.80 per cent stake in Amplus Helios Pvt Ltd, a special purpose vehicle to set up a 50MWAC solar power plant in Chhattisgarh, India. The stake will be bought for INR21.6m (US$0.25m). The acquisition will enable JK Lakshmi Cement to secure the source of 40MWAC solar power for its Durg plant.

Lucky Cement announces three new green power projects

19 September 2023, Published under Cement News

Pakistan’s Lucky Cement has announced further investments in green power to help reduce its dependence on imported fuel. According to Business Recorder, the cement producer is launching three new renewable projects with a total power generation capacity of 37.6MW, in addition to the 25MW and 34MW solar power projects recently commissioned at its Karachi and Pezu plants, respectively. The new investments include a 28.8MW captive wind power plant at its Karachi works, a 6.3MW solar powe...

ACC commences production at Ametha plant

15 September 2023, Published under Cement News

ACC , part of the Adani Group , has begun clinker production at its new Ametha cement plant in Madhya Pradesh, India, reports Business Line. The integrated works has a 3.3Mta clinker capacity and 1Mta cement capacity. The greenfield project takes ACC’s overall cement production capacity to 37Mta. It also boasts a 16.3MW waste heat recovery system and has the potential to use up to 15 per cent alternative fuels and raw materials.   According to Ajay Kapur, CEO of the cement busines...

Lucky Cement invested PKR100bn in the last few years

07 September 2023, Published under Cement News

Lucky Cement  ( Yunus Brothers Group) has invested over PKR100bn (US$325.3m) in the past 4-5 years, which includes PKR30bn in Lucky Electric Power Co (LEPCL), PKR50bn in cement operations and PKR15bn in auto segments. A top official of Lucky Cement shared this information during last week's corporate briefing.   It is important to note here that during FY22-23, company profitability was down due to cement demand contraction and the imposition of super tax. Its local cement volumes were ...

Ramco Cements commissions WHRS at Kolimigundla

06 September 2023, Published under Cement News

Ramco Cements has announced the successful commissioning of its 12MW waste heat recovery system (WHRS) at its Kolimigundla plant in India. This takes the company’s total WHRS capacity to 43MW. The company also has 166MW of wind power capacity. According to Ramco, the share of green power is expected to reach 45 per cent of its total energy consumption as part of its ongoing efforts to reduce its reliance on fossil fuels and minimise greenhouse gas emissions.