Displaying items by tag: Odisha
Emami Cement considering initial public offering
31 July 2018India: Emami Group is considering an initial public offering (IPO) for its cement subsidiary, Emami Cement. The IPO is intended to generate funds for expansion, according to sources quoted by the Hindu newspaper. The company has appointed a consultant to explore public issue prospects and preliminary discussions have started with merchant bankers. The cement producer has invested over US$575m to double its production capacity to 8Mt/yr from 4.4Mt/yr in the current financial year with plants in Chhattisgarh, West Bengal, Bihar and Odisha.
Ramco Cement Limited orders three mills from Loesche
16 July 2018India: Ramco Cement has ordered three vertical roller mills from Germany’s Loesche. It has ordered two LM 41.2+2 CS type mills with two grinding rollers and two support rollers with a power range of 3000kW and a capacity of 130t/hr for two of its cement plants to grind the Portland Pozzolana Cement (PPC). The first mill will be installed at Kolaghat, West Bengal, where Ramco Cement is upgrading a grinding plant to 2Mt/yr from 0.95Mt/yr. The second mill will be used at a grinding plant in Gobburupalam, Visakhapatnam in Andhra Pradesh.
A third mill has been ordered for a newly-built plant at Haridaspur in Odisha. Here, a LM 46.2+2 CS type mill with a capacity of 3750kW will be used to grind PPC with a throughput of 165t/hr. This order also includes mill fans, bag-type filters and further auxiliary equipment. It will all be delivered by the end of 2018.
India: Larsen & Toubro has won an order to build cement plants in Odisha and Andhra Pradesh. The end client has not been named and no value has been disclosed. The cement plant orders were announced as part of a wider set of orders worth over US$590m, including government construction projects.
OCL India to build new plant
21 May 2018India: Dalmia Bharat's subsidiary OCL India plans to build a new cement plant in Odisha. The new unit will have a production capacity of around 1.7Mt/yr and it will include a waste heat recovery system. It will bring the cement producer’s total cement capacity up to around 8Mt/yr in the states of Odisha and West Bengal. The project is estimated to cost around US$545m. The plant is expected to be completed by mid-2020.
Fake cement bagging operation raided in Odisha
08 May 2018India: Police have raided a factory near Cuttack, Odisha that has allegedly been selling repackaged cement. The unit purchased the franchise of a well-known cement brand and then used cement from damaged bags of the consignment to prepare unapproved mixtures, according to Odisha TV. The cement was then repackaged and supplied along with the original cement packets.
Up to 7500 fake cement bags, 300 bags of different cement brands and machinery was seized during the raid. The owner of the factory, Lalit Kumar Jain, was also arrested. He has disputed the allegations.
India: A public hearing for a proposed cement plant to be built by Shree Cement at Ghantikhal in Odisha has caused concern among local residents. According to a report in the Pioneer newspaper, no local people were allowed to speak at the event. The hearing was held to obtain permission from the Odisha State Pollution Control Board for the project.
Villagers protest against Ramco Cement plant project in Jaipur
23 February 2018India: Around 1500 villagers have protested against a cement plant that Ramco Cement plans to build in the Jaipur district of Odisha. The protestors have expressed fears that the plant will damage their crops, according to the Pioneer newspaper. A representative of the local government said that the project has already received environmental clearance.
ABB India wins order from Emami Cement
14 December 2017India: ABB India has won an order from Emami Cement for an automation and electrical system for a new 2Mt/yr plant in Odisha. ABB will be undertaking complete project implementation including supply, erection, testing and commissioning for the electrical distribution and distributed control system (DCS), according to the Press Trust of India. The 800xA DCS is intended to help monitor, control and optimise the cement manufacturing process while maximising plant uptime.
JSW Cement starts work on cement grinding plant in Odisha
16 November 2017India: Shri Naveen Patnaik, the Chief Minister of Odisha, has laid the foundation stone for a 1.2Mt/yr cement grinding plant that JSW Cement is building at Kalinganagar in Jajpur. The plant is scheduled to start operations in 2018, according to the Orissa Diary. Once the unit is commissioned the cement producer has plans to double its production capacity to 2.4Mt/yr.
JSW Cement to upgrade Dolvi plant
17 October 2017India: JSW Cement plans to invest around US$277m towards increasing its production capacity and it is considering an initial public offering (IPO) in 2019 or 2020. The cement producer wants to increase the cement production capacity to 2.2Mt/yr in 2018 from 1Mt/yr at its Dolvi grinding plant in Maharashtra, according to the Press Trust of India. A further expansion to 4.5Mt/yr is scheduled for 2019.
"We expect huge demand for cement in the country and plan to expand our cement manufacturing capacity from 12.5Mt/yr to 20Mt/yr by 2020. We are adding 4.5Mt/yr at our Dolvi unit in Maharashtra and 1.2Mt/yr at out Vijaynagar unit in Karnataka, apart from 1.2Mt/yr adding at our Odisha unit,” said JSW Cement’s managing director Parth Jindal. He added that the company would wait for the outcome of the general election in 2019 and create a ‘healthy’ financial profile before launching the IPO. After raising money in the offering the company plans to reach a 30Mt/yr capacity by 2025 and 50Mt/yr in 2030 both through new builds and acquisitions.