Displaying items by tag: India
Rain approves upgrade at Boincheruvupalli plant
16 August 2018India: Rain Industries has approved an upgrade project on a cement mill at Rain Cement’s Boincheruvupalli Village plant in Andhra Pradesh. The project is approved up to a cost of US$5.9m, funded through internal accruals. It is expected to be completed by 30 June 2019. After the upgrade the plant’s grinding capacity will increase from 2.0Mt/yr to 2.8Mt/yr.
Marine exports from Pakistan on the rise
14 August 2018Pakistan: Cement exports by sea from Pakistan increased by 133.7% from 144,000t in July 2017 to 340,000t in July 2018. The increase in exports via sea offset a decrease in overland exports to Afghanistan and India. Pakistan’s exports to Afghanistan and India decreased by around 44.9% and 44.4% respectively in July 2018. Hence, overall exports increased by 9.3% in July 2018 to 0.53Mt from 0.48Mt in July 2017.
Chettinad accused of land encroachment
14 August 2018India: The Madras High Court has pulled up Chettinad Cement Corportation (Chettinad) for encroaching upon public land to construct railway track to its factory at Ariyalur. It has ordered a probe by an IAS officer. Justice SM Subramaniam also ordered a probe into the role of government officials, who may have colluded with the factory management to squat on government land without permission.
"Such industries cannot encroach upon the government land, which is not only a water body, but also used as a pathway by the villagers and the people of that locality,” said Justice Subramaniam.
The court passed the order while dismissing a plea moved by Chettiand against the action of the sub-collector against the encroachment. The court further directed the district administration to evict all such encroachments made by the company on the land and water bodies within two weeks.
FCI Aravali Gypsum and Minerals India plans to set up white cement plant in Himachal Pradesh
07 August 2018India: FCI Aravali Gypsum and Minerals India Limited (FAGMIL) is preparing to build a 1000t/day white cement plant in Himachal Pradesh. The state-run company, under the control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, has received a letter of intent from the state government of Himachal Pradesh granting it a mining lease to support building a white cement plant. This will be followed by the signing of a memorandum of understanding between FAGMIL and the state government.
The lease area is 108 hectares and it is located near Nohra Dhar Village, Tehsil Sangrah in the Sirmour District. Limestone from the site will be used to support a white cement plant. A pre-feasibility study has been completed by the National Council for Cement and Building Materials, Ballabgarh in Haryana and further planning activities are in progress.
Coal India to supply 4.65Mt/yr of coal to cement industry
07 August 2018India: Coal India plans to supply 4.65Mt/yr of coal to the cement industry via online auctions until 2023. Of this amount 1.14Mt/yr will be despatched by railway and the rest by road, according to a Coal India executive quoted by the Economics Times newspaper. Most of the coal will be supplied by Coal India’s subsidiary South Eastern Coalfields with the rest sourced from Western Coalfields, Mahanadi Coalfields and Eastern Coalfields. Bharat Coking Coal and North Eastern Coalfields are not part of the auction, as they do not offer any coal to the cement sector.
India: The board of Birla Corporation has confirmed plans to build a new 3.9Mt/yr cement plant at Mukutban in Maharashtra. The unit will also include a 40MW captive power plant and a 10.6MW waste heat recovery system. The project has an investment of US$356m and it is intended to be completed by early 2022.
The cement producer says it has acquired land, mineral concessions and environmental clearance for the plant. It added that the proposed site has good railway and road links. The project is also eligible for an ‘attractive fiscal incentive’ from the state government of Maharashtra.
Birla Corporation operates a grinding plant at Butibori in Maharashtra through its Reliance Cement subsidiary.
Penna Cements to open terminal at Cochin Port
06 August 2018India: Penna Cements is close to starting operations at its new terminal at Cochin Port in Kochi, Kerala. The 0.8Mt/yr unit at Ernakulam wharf includes a bagging plant and it has an investment of just under US$9m, according to the Hindu newspaper. Once it opens it will join Zuari Cement, Ambuja Cement and UltraTech Cement, which also operate from the port.
India: The Industries Department of Himachal Pradesh is preparing to allow construction work to start at a new cement plant at Sikridhar in the Chamba district in September 2018. The project is a long running scheme from the local government that was first mooted in 2002, according to the Times of India newspaper. The project has been linked to various companies previously including Jaiprakash Associates.
RHI Magnesita to merge operations in India
01 August 2018India: RHI Magnesita plans to merge its three local subsidiaries, RHI India and RHI Clasil with Orient Refractories. On completion of the proposed merger RHI Magnesita will own about 70% in Orient Refractories which will be renamed RHI Magnesita India. The transaction is expected to be complete by mid-2019.
“The proposed merger of our Indian subsidiaries marks an important milestone towards expanding RHI Magnesita’s market leadership in the refractory market in India. One strong, integrated organisation and management will increase long term value for all stakeholders and efficiently combine resources and capabilities. This merger will significantly enhance the profile of RHI Magnesita in India and creates a stronger foundation to tap the immense growth potential we see in the Indian market,” said Stefan Borgas, chief executive officer (CEO) of RHI Magnesita.
Orient Refractories is currently 70% owned by RHI Magnesita. It is a manufacturer and supplier of special refractory products, systems and services for the steel industry. RHI India, a wholly-owned RHI Magnesita subsidiary, is the local sales company of RHI Magnesita group offering a range of refractories and related services sourced from various RHI Magnesita group entities to Indian customers. RHI Clasil is 53.7% owned by RHI Magnesita. It is a manufacturer and supplier of mainly alumina-based refractories for steel and cement.
This merger is part of RHI Magnesita’s strategic pillar ‘markets’ that focuses on building a global presence with strong local organisations and solid market positions. India’s growth prospects in the refractory market derive primarily from the steel sector, which is RHI Magnesita’s largest customer industry.
Once the merger is complete the new company will operate two production plants and employ over 700 workers. The proposal is subject to shareholder and regulator approval.
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.