Cement News tagged under: Indian subcontinent
JK Cement sees continued revenue growth25 January 2024, Published under Cement NewsJK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m in the same quarter a year earlier. Profit after tax in the December 2023 quarter came in at INR2894.6m, up from INR1789.2m in the previous quarter and INR576m in the same quarter in 2022. Meanwhile, earnings per share advanced from INR7.46 in the quarter ended 31 December 2022 to INR23.16 in the quarter ended 30 Se... |
Shree Cement begins production at Nawalgarh plant23 January 2024, Published under Cement NewsIndia’s Shree Cement has commenced commercial production at its 4.2Mta cement plant in Nawalgarh . The facility, which is located at Village Gothra, Nawalgarh Tehsil, Rajasthan, began production on 22 January 2024. This latest plant forms part of the cement producer’s plans to reach a cement production capacity of 80Mta by 2030. |
Hetauda Cement to resume production in February19 January 2024, Published under Cement NewsFollowing closure for three months due to a coal shortage, Nepal-based Hetauda Cement Industries Ltd is expected to resume production at its plant in Makanwanpur in the first week of February, according to República. Hetauda Cement Industry's General Manager, Basanta Raj Pandey,said that the plant management has requested the Office of the Prime Minister, the Council of Ministers and the Ministry of Industry, Commerce and Supplies to provide subsidies to help start production. Navee... |
Ambuja Cements to invest INR14bn in 6Mta Telangana plant18 January 2024, Published under Cement NewsAmbuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing. Ambuja Cements is part of the Adani Cement Industries and operates 36.5Mta of cement capacity installed in 16 cement plants across India. |
Unique Cement launches new blended cement16 January 2024, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per cent of 28 days sturdiness of PCC cement in just two days, and 85 per cent sturdiness in the first sev... |
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |
Shree Cement launches Bangur as master brand09 January 2024, Published under Cement NewsIndia’s Shree Cement has announced a revamp of its corporate brand identity and the launch of multiple brand offerings with Bangur as the master brand. According to Neeraj Akhoury, MD of Shree Cement, the launch of Bangur as the master brand “is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position Bangur as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeov... |
ACC acquires Asian Concretes and Cements08 January 2024, Published under Cement NewsACC Ltd , a subsidiary of Ambuja Cements Ltd , has announced that it is acquiring a 55 per cent stake in Asian Concretes and Cements Pvt Ltd (ACCPL) for an enterprise value of INR7750m (US$93.3m). ACC currently holds a 45 per cent stake in ACCPL so this latest deal gives ACC entire ownership of ACCPL, increasing ACC’s cement production capacity to 38.55Mta. ACCPL runs 1.3Mta of cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL) has... |
Maha Cement launches two new products04 January 2024, Published under Cement NewsMaha Cement , part of My Home Industries Private Ltd (MHIPL), has launched two new cements in Bangalore, India - MAHA HD+ (OPC 53) and MAHA HD+ (PPC). According to the company, MAHA HD+ (OPC 53) is a revolutionary, early-setting cement with high strength, which complies with IS 269-2015. It is produced by blending high-quality clinker, tri-calcium silicates and gypsum, offering the highest fineness and consistency. Maha Cement says it is suitable for creating high-strength concrete stru... |
Meghna Cement welcomes new MD04 January 2024, Published under Cement NewsBangladesh-based Meghna Cement Mills Ltd , part of the Bashundhara Group , has appointed Ahmed Akbar Sobhan as its new managing director. The appointment was effective from 28 December 2023, reports Market Screener. |