Displaying items by tag: India

India: Shiva Cement has commissioned its new US$185m Sundergarh cement plant in Odisha. Pragativadi News has reported that the new plant has an integrated capacity of 1.05Mt/yr and an additional grinding capacity of 0.27Mt/yr.

In October 2022, parent company JSW Cement announced plans to increase its total installed capacity by 47% to 25Mt/yr.

India: Adani Group plans to grow ACC and Ambuja Cements' capacity to 140Mt/yr by 2028 under a joint expansion strategy. The Hindu newspaper has reported that new strategy includes capital expenditure with a value of US$5.58bn and new acquisitions. Investments will reportedly be split equally between the two subsidiaries. After completion of the current growth plan, the cement producers will 'pause for a while' prior to any subsequent expansion phase.

Adani Group said that it is proceeding with an operational merger of ACC and Ambuja Cements, without merging their distinct brands. The priority of the merger will be to increase efficiency in supply chains and logistics operations.

India: The cement industry imported 3.21Mt of petcoke during the first quarter of 2023, up by 72% year-on-year. This was due to a shortage and rising costs of domestically produced petcoke.

Oman is a major trade partner for petcoke for the Indian cement industry. The Oman Daily Observer newspaper has reported that a new oil refinery is scheduled for commissioning in Duqm before the end of 2023. ‘Several’ Indian cement companies are reportedly seeking to secure new petcoke supply deals in Oman.

India: JK Cement's consolidated income rose by 21% year-on-year to US$1.19bn in the 2023 financial year, from US$983m in the 2022 financial year, Accord Fintech News has reported. High costs caused the group's net profit to fall by 38% to US$50.7m from US$82.1m.

India: Anjani Portland Cement recorded sales of US$80m in the 2023 financial year. This corresponds to a 17% year-on-year drop from US$97m in the previous financial year. India InfoLine News has reported that the producer's total expenditure also dropped, by 2.6% to US$77.4m from US$79.5m. It reported a net loss after minority interests of US$7.03m, compared to a net profit of US$5.01m in the 2022 financial year.

India: The India Cements recorded full-year consolidated sales of US$678m during the 2023 financial year, up by 15% year-on-year from 2022 financial year levels. The Economic Times newspaper has reported that the company increased its cement sales volumes by 9%, in line with overall volumes growth in the cement industry in India. It reported a net loss of US$205m, compared with a US$7.97m net profit in the previous financial year.

The India Cements said "The performance of the company during the year under review was adversely impacted by the record increase in the cost of fuel and power, which could not be compensated in the market due to supply overhang."

India: Adani Cement subsidiaries ACC and Ambuja Cements have launched the Cement and Concrete Research and Development Facility at Kalamboli in Maharashtra. Dion News Service has reported that the focus of the centre will lie in product development, productivity enhancement and increasing the efficiency of cement and concrete production.

Adani Cement CEO Ajay Kapur said "Our new research and development facility is our reinforcement towards our collective commitment to pushing boundaries, driving innovation, and addressing industry challenges."

India: Star Cement has appointed Vinit Kumar Tiwari as its chief executive officer. He succeeds Sajjan Bhajanka in the post. Bhajanka will continue to work for the cement producer as its managing director and chair.

Tiwari, aged 54, holds over 25 years of professional experience in the building materials sector. His most recent position was as the head of sales and market development for Nuvoco Vistas. Prior to working for Nuvoco Vistas, he was the country head for Greenply, a supplier of plywood and veneer products. Earlier in his career he worked for UltraTech Cement and Grasim Industries. He holds a bachelor of science degree and a master’s degree in business administration (MBA) in marketing.

India: UltraTech Cement has announced a plans to install a RotoDynamic Heater (RDH) supplied by Finland-based Coolbrook at one of its cement plants. The RDH uses renewably powered electrical heat, eliminating the need for cement fuels. UltraTech Cement will initially test the equipment in the drying of alternative fuel (AF) in its existing AF line.

UltraTech Cement managing director Kailash Jhanwar said “As a founding member of the Global Cement and Concrete Association (GCCA), we are committed to the sectoral aspiration of delivering net zero concrete by 2050. Towards this end, we are continuously striving to innovate at every stage of the whole life of concrete. Coolbrook’s RDH technology represents an exciting technological pathway that we believe has the potential to exponentially accelerate our progress towards full decarbonisation. Every megawatt of clean energy we add to our mix makes a big difference.”

Read more about Coolbrook’s RDH in the September 2022 issue of Global Cement Magazine

India: Shree Cement's consolidated sales were US$2.16bn in the 2023 financial year, up by 19% year-on-year from US$1.81bn during the preceding financial year. The company's total expenses rose by 33% to US$2.03bn from US$1.53bn. This led to a drop in profit of 46%, to US$153m from US$282m.