Displaying items by tag: India

India: UltraTech Cement has commissioned an additional 0.6Mt/yr grinding capacity at its integrated Sonar Bangla plant in West Bengal. It said the upgrade would help it meet cement demand in East India and enable it to increase its blended cement ratio. The company says that its domestic cement production capacity is now 166Mt/yr with an additional 5Mt/yr overseas.

India: Shiva Cement raised its sales to US$23.4m in the nine months of its 2025 financial year, up by 1% year-on-year from US$23.1m in the corresponding period in the 2024 financial year. Nonetheless, the company's net loss grew by 58% year-on-year, to US$10.2m.

Indonesia: A government scheme to build three millions houses per year is expected to boost demand for cement. Special envoy for climate change and energy, Hashim Djojohadikusumo, said that the country had secured financing from Qatar to construct four to six million housing units, according to Antara. An agreement has been secured with the UAE to build one million houses. Hashim also mentioned that countries including China, Türkiye, India and Singapore had expressed interest in investing. The government’s housing budget plan for 2025 is currently valued at around US$310m.

India: The Cement Manufacturers’ Association (CMA) has praised the Indian government’s Union Budget 2025 – 2026 for its ‘sustained core focus’ on infrastructure, housing and sustainable development. United News of India has reported that the budget provides for interest-free loans for state governments’ infrastructure projects and additional funding for research and development.

The CMA said that this aligns with its own development goals, within which it envisions the cement sector playing a growing role in a ‘sustainable, resilient’ economy.

India: Kaushalya Logistics has started operations at a new depot in Bathnaha, Bihar, as part of its logistics services for ACC. This latest site brings the company's total operational locations to 90. It is its fourth depot under its so-called ‘CCFA model’ for the subsidiary of Adani Cement. Kaushalya Logistics transports cement and handles associated logistics on behalf of companies including Adani Cement and JK Cement. It aims to handle a volume of 3.6Mt/yr of cement as part of its current expansion plans.

India: Shree Cement has reported that, in the third quarter of the 2025 financial year, its profit after tax fell by 72%, to US$22.4m, down from US$81m in the previous corresponding period. The company’s net consolidated total income declined by 12% year-on-year to US$540m, whilst sales volumes increased by 15% to 8.77Mt compared to the second quarter of the 2025 financial year. The company plans to commission its ongoing expansion projects in Rajasthan, Karnataka, Chhattisgarh and Uttar Pradesh in the first quarter of the 2025-2026 financial year.

India: Ambuja Cements has released its financial results for the third quarter of 2025. The company has reported consolidated net profit of US$244m crore for the third quarter of the 2025 financial year, up 157% from US$95.1m in the corresponding period of the previous year. Revenue rose 4.5% to US$971m, with cement sales volumes reaching a record 16.5Mt, marking 17% year-on-year growth.

The company's expansion plans target 104Mt/yr capacity by the fourth quarter of the 2025 financial year, rising to 118Mt/yr by the 2026 financial year and 140Mt/yr by the 2028 financial year.

A statement from the company said "This demand is expected to grow by 4-5% in the 2025 financial year, further supported by the infrastructure and housing budget. Ambuja Cements is well-positioned to benefit from these trends. The anticipated rebound in demand, supported by government initiatives, is likely to enhance cement sector performance in the coming quarters. Ambuja Cements will continue to grow at a faster pace than the industry."

India: JK Cement has won a bid for 250Mt of limestone reserves in Lakhpat Punrajpur, Kutch, Gujarat, through a Request for Proposal from Gujarat Mineral Development Corporation. The reserves are expected to supply the company with raw materials for the next 40 years.

JK Cement Group president Amit Kothari said "This strategic partnership not only strengthens our resource base, but also highlights our focus on ensuring a steady supply of premium raw materials for high-quality cement production.”

India: A committee has identified environmental compliance failures at the Adani-owned ACC cement plant in Barmana, Bilaspur district, according to The Indian Express.

The inspection conducted revealed inadequate dust emission controls, missing three-layer tree plantation and deficient truck-tyre washing systems at the plant. Only one kiln was operational at 40% capacity during the visit, as the plant is undergoing maintenance from 3 January to 8 February 2025. Therefore, the committee has requested an additional eight weeks to submit its report, so that it may conduct a more thorough investigation once the plant is operating at full capacity.

The Himachal Pradesh Pollution Control Board has previously imposed a US$149,000 fine on the plant in April 2022 for air quality breaches and untreated water discharge, with at least seven complaints lodged against the plant by local residents over the last three years.

India: Aditya Birla Group subsidiary UltraTech Cement has entered talks to acquire Heidelberg Materials' 69% stake in HeidelbergCement India, Reuters reports. Executives from Aditya Birla Group have reportedly met with Heidelberg Materials' management to discuss the acquisition. Heidelberg Materials’ stake has been valued at approximately US$391m.

The talks come after the Economic Times reported that Ultratech’s rival Adani Group was in discussions to buy Heidelberg's stake back in October 2024.