Cement News tagged under: indian subcontinent

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JSW Cement reveals IPO plans to fund expansion

04 September 2023, Published under Cement News

JSW Cement is planning to launch an initial public offering (IPO) in 2024 to raise INR40,000m (US$483.8m) to fund its ongoing expansion plans, reports Live Mint.   “In 2024, we are planning to take this company public, for which we will be filing the DRHP (draft red herring prospectus) in the next six months. We will be timing the market listing after the national elections,” confirmed Parth Jindal, managing director, JSW Cement.   According to the company, it hopes to raise I...

Orient Cement welcomes new company secretary

04 September 2023, Published under Cement News

Orient Cement , part of the CK Birla Group , has announced the appointment of Diksha Singh as company secretary and compliance officer with effect from 2 September 2023. She will take over the role from Nidhi Bisaria, who resigned effective from 1 September 2023.   Ms Singh is a science and law graduate, and is an associate member of the Institute of Company Secretaries of India. She has more than 14 years’ experience working for listed companies. Prior to joining Orient Cement, she he...

JSW Cement announces key milestones

01 September 2023, Published under Cement News

JSW Cement has announced a number of milestones that underscore the company’s commitment to innovation, sustainability and expansion.   Shiva Cement , a subsidiary of JSW Cement, has successfully commissioned its waste heat recovery systems, not only enhancing operational efficiency but also contributing significantly to the reduction of carbon emissions. “The utilisation of waste heat to generate energy aligns with the company’s commitment to sustainability and minimising its envi...

Kohat Cement reports 18% increase in sales in FY23

01 September 2023, Published under Cement News

Kohat Cement Company (KOHC) has reported sales of PKR38.92bn (US$126.9m) in the fiscal year ending 30 June 2023 (FY23), marking an 18.4 per cent increase on the previous year. Gross profit over the same period advanced by 6.3 per cent from PKR9.8bn to PKR10.4bn, while profit after tax saw a 15.9 per cent improvement from PKR5.02bn in FY22 to PKR5.82bn in FY23. Earnings per share over the same timeframe expanded by 15.9 per cent from PKR25.01 to PKR28.98.   KOHC has also successfully ins...

Deccan Cements posts fall in income in FY22-23

31 August 2023, Published under Cement News

Deccan Cements Ltd has reported total income of INR7908.3m (US$95.6m) in the year ended 31 March 2023 (FY22-23), down from INR8022.2m in FY21-22. Net profit after tax contracted from INR875.7m in FY21-22 to INR492.9m the following year, while earnings per share fell from INR62.52 to INR35.19 over the same period. Total expenses before finance costs, exceptional items and tax came in at INR7117.5m in FY22-23, marking an increase from the INR6561.1m seen in FY21-22. Revenue from sales of ...

Dalmia Cement announces new MD and CEO

31 August 2023, Published under Cement News

Mr Puneet Dalmia will succeed Mahendra Sanghi as managing director and chief executive office of Dalmia Cement (Bharat) Ltd . Mr Singhi will step down on 8 December 2023 but continue in the role of director and strategic advisor to the MD and CEO. According to the company, Mr Dalmia is currently managing director of Dalmia Bharat Limited. He has been the driving force behind the company’s exponential growth since he took over the reins in 2004 and continues to spearhead Dalmia Bharat’s t...

Anjani Cement reports loss in 2022-23

30 August 2023, Published under Cement News

India-based Anjani Cement has reported consolidated turnover of INR6615m (US$79.9m) in 2022-23, compared to INR8012.6m in 2021-22. Gross profit over the same period has declined from INR1471.5m to INR240, while profit before tax has fallen from a profit of INR587m in 2021-22 to a loss of -INR641m in 2022-23. Consolidated cement production in 2022-23 came in at 1.400Mt with a capacity utilisation rate of 59 per cent, compared to 1.717Mt and 78 per cent, respectively, in the same period a ...

Nepal exports of US$2m of clinker and cement in 1MFY23-24

25 August 2023, Published under Cement News

Nepal exported cement and clinker with a total value of NPR234.98m (US$1.78m) in the first month of the current fiscal year, FY23-24. The country exported 9573t of cement with a value of NPR70.5m and 25,742t of clinker with a value of NPR164.4m in the 1MFY23-24. Cement and clinker exports have increased significantly since last year due to the government introducing an eight per cent cash subsidy on the export of cement and steel, according to cement producers. It also waives 2-15 per ce...

Crown Cement to purchase Matarbari fly ash

21 August 2023, Published under Cement News

Bangladesh-based Crown Cement plc will buy fly ash from the Matarbari 2x600MW ultra supercritical coal-fired power plant as raw material for cement production, according to the Daily Star. The company is expected to sign a joint venture agreement with the power plant, according to Md Mozharul Islam, Crown Cement’s company secretary. The fly ash supply will enable Crown Cement to be less reliant on imported fly ash and reduce transport costs.

JK Cement's Aligarh plant boosts renewable energy

21 August 2023, Published under Cement News

Ampln Energy Transition, an energy transition platform, has begun supplying 10MWp of solar power from its 30MWp solar plant in Mishrikh, Uttar Pradesh, India, to JK Cement’s Aligarh plant. The move takes JK Cement’s renewable energy replacement at the Aligarh works to over 60 per cent of the overall energy mix, saving more than 10,780t of CO 2 each year. According to the cement producer, this marks a “significant milestone in our journey towards reducing CO 2 emissions and driving the tra...