Cement News tagged under: indian subcontinent
Thatta Cement Co appoints new Karachi director03 January 2024, Published under Cement NewsPakistan-based Thatta Cement Co has announced the appointment of Shaista Bono Gilani as new director, effective from 27 December 2023. The appointment of Ms Gilani marks a notable change in the leadership structure of Thatta Cement Co. The company has informed its stakeholders, including the TRE Certificate Holders of the Exchange, about this significant development. This move is expected to bring new perspectives and strategies to the company's operations and governance. |
UltraTech Cement acquires 26% stake in Clean Max Terra29 December 2023, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, Chhattisgarh. The mostepve is part of UltraTech Cement’s strategy to meet its green power target ... |
UCIL wins WCA grinding upgrade award28 December 2023, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has won the World Cement Association Project Award 2023: Grinding Upgrade. The award reportedly recognises the innovative design of UCIL's grinding circuit to increase capacity and flexibility while reducing power consumption. UCIL is the only cement producer in Bangladesh to be a member of the World Cement Association (WCA). Three of the country’s most significant bridge projects - Kanchpur, Meghna and Gumti - along with other mega i... |
Shiva Cement announces resignation and appointment22 December 2023, Published under Cement NewsIndian cement producer Shiva Cement Ltd has announced the resignation of Rajendra Prasad Gupta as non-executive director of the company. He will also cease to be chairman/member of the committees constituted by the Board of Directors. Aged 75, Mr Gupta has expressed his intention to retire to spend more time with his family and other commitments. Shiva, which is part of JSW Cement , has also named Shouvik Chakraborty as an additional non-executive, non-independent director, as agreed ... |
Bangladesh cement sales plummet due to political uncertainty21 December 2023, Published under Cement NewsThe supply chain of Bangladesh’s cement industry has been significantly impacted due to ongoing political agitation, high cost of raw materials, currency appreciation, roadblocks and lukewarm growth in the construction industry. According to industry sources, cement makers in Bangladesh have reduced production in the face of falling sales due to ongoing political tension, and a slowdown in public and private construction projects. As a result, cement mills in the country have a co... |
Ambuja Cements appoints new CHRO20 December 2023, Published under Cement NewsAmbuja Cements has appointed Manoj Kumar Sharma as its new chief human resources officer (CHRO), effective from November this year. In his new position, Mr Sharma will be responsible for succession planning, HR transformation, leadership development, HR strategy, executive coaching, and talent management. He joins Ambuja from Adani Electricity where he held the role of senior executive vice president of Human Resources. He has also previously worked at Adani Green Energy, Adani Po... |
Ambuja Cements announces green power investment18 December 2023, Published under Cement NewsAmbuja Cements has announced plans to invest INR60,000m (US$723m) in renewable energy, resulting in green power accounting for 60 per cent of its energy requirements. According to the company, 1000MW of solar and wind power projects are planned, including a 600MW solar power project and a 150MW wind project in Gujarat, along with a 250MW solar power project in Rajasthan. This will be achieved by FY25-26 in addition to the company’s existing 84MW of solar and wind power. Ambuja is also ... |
Pakistan: navigating uncertainty18 December 2023, Published under Cement NewsPakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity expansion cycle, but domestic sales have been on a downward trend, while prices have risen steeply to match coal price increases. Pakistan has seen slowing economic growth and political uncertainty in recent years, while relief efforts following devastating floods conti... |
Adani Group commits to investment in Bihar15 December 2023, Published under Cement NewsThe Adani Group has announced plans to invest an additional INR87,000m (US$1046m) in the Indian state of Bihar. The money will be spent across a number of sectors, including its cement business. So far Adani has invested around INR8500m in the Bihar region but plans to create an additional 10,000 jobs in the state through its spending plans, according to The Telegraph. “Bihar is now an attractive investment destination in the country. We are currently present in logistics, gas distribu... |
UltraTech targets 85% green power by 203014 December 2023, Published under Cement NewsUltraTech Cement aims to increase the share of green energy in its total energy mix from the current 22 to 60 per cent by FY25-26 and 85 per cent by 2030. According to its Managing Director, KC Jhanwar, the company has been consistently scaling up the green energy mix in its total power requirement over recent years with the aim of meeting its entire electricity requirement from renewable sources by 2050. To help meet this target, UltraTech has invested in a number of new initiatives ... |