Displaying items by tag: India

India: Shiva Cement's board of directors has approved the launch of a shareholders' vote over plans to increase its Odisha cement plant's capacity by 2Mt/yr. The plan also involves the expansion of the same plant's clinker capacity by 3Mt/yr and the installation of a 12MW waste heat recovery (WHR) plant. In addition to this, the company is seeking to open two new limestone mines with a combined capacity of 1.9 - 3.1Mt/yr at Khatkurbahal, also in Odisha. The company has received Ministry of Environment, Forest and Climate Change approval for all of the plans.

World: The Global Cement and Concrete Association (GCCA) has launched new Net Zero Accelerator initiatives under its 2050 Net Zero Global Industry Roadmap strategy in several countries. The new initiatives will identify barriers to decarbonisation and recommend key actions in Colombia, Egypt, India and Thailand. The association will set out national roadmaps with reduction levers, identify funding possibilities and enter into policy dialogues with national governments. Together, the four countries account for 10% of global cement production.

Chief executive officer Thomas Guillot said "Last year, our industry made a breakthrough net zero global commitment. This is the next logical step as we move our focus from a global roadmap to driving decisive local action." He continued "Global cooperation between governments and industry is crucial to ensuring net zero targets are met. Our Net Zero Accelerators will offer collaboration and support to a number of target countries to help them decarbonise and align with the global roadmap. I'm proud to launch the first phase of the Accelerator programme to assist these nations in embracing greener technologies and work towards a more sustainable future together. I now call on more partners around the world to join us and be part of this movement."

India: JK Cement subsidiary Jaykaycem (Central) has secured a contract for the supply of cement for Rail Vikas Nigam's construction of a new line on the West Central Railway network between Devendra Nagar and Puraina in Madhya Pradesh. The line will be 50km in length.

India: Shree Cement has commenced commercial production of clinker with the newly commissioned Kiln 3 of its Raipur cement plant in Chhattisgarh. The kiln has a production capacity of 4Mt/yr.

India: Sagar Cements has received board approval for the preferential allotment of a 10% stake of equity shares to Premji Invest. ET Now News has reported the value of the deal as US$46m.

Joint Managing Director Sreekanth Reddy Sammidi said “We are delighted to partner with Premji Invest and look forward to their inputs towards strengthening our processes and systems and enhancing value for all our stakeholders.”

India: The Indian cement industry's sales volumes will rise by 18 - 20% year-on-year in the 2022 financial year and surpass 2020 financial year pre-Covid-19 outbreak levels by 6%, according to ratings agency ICRA. The Press Trust of India has reported that, in the first nine months of the 2022 financial year, fuel and electricity costs rose by 31%, raw materials costs by 12% and logistics costs by 5%. This offset a 5% net sales rise to result in an operating profit before interest, taxes, depreciation and amortisation (OPBITDA) per tonne of cement of US$14.70/t, down by 10% year-on-year. ICRA forecast a further decline in full-year OPBITDA per tonne of 16 - 18% to US$13.50 - 13.80/t in the 2022 financial year.

India: TRA Research has named Ambuja Cements as India’s Most Trusted Cement Brand in its Indian Brand Trust Report 2022. The company also secured fifth place on the report’s Manufacturing category list.

India: Employees of a contract firm working at Dalmia Cement’s Bokaro grinding plant in Jharkhand have allegedly killed a worker in an attack on 15 March 2022. The deceased’s roommate has also been missing since then. Both workers had been in trouble with their employer for refusing to work overtime. Operations reportedly continued as normal at the plant until other loading workers began a protest on 16 March 2022.

Dalmia Cement spokesperson Shyamlal Sahu said “The matter was brought to the notice of local police and they have started their probe. We are cooperating with them to bring the culprits to justice. We will work with the contractor – Durga Enterprises – to extend support to the bereaved family. We, at Dalmia Bharat, accord highest priority to maintaining internal harmony and a healthy working environment, and will work with our contractors towards ensuring that such untoward incidents do not happen in the future.”

India: The India Cements has launched Concrete Super King, a general application cement, and Halo Super King, a cement exclusively developed for use in the production of precast hollow dense concrete blocks.

Vice chair and managing director Narayanaswami Srinivasan said that many of the company’s customers already rely on its products in their precast hollow dense concrete block production. With the launch of Halo Super King, it hopes to further increase the ease of application.

India: Shree Cement has fired up the kiln of a new clinker line at its Raipur cement plant in Baloda Bazar, Chhattisgarh. The Business Standard newspaper has reported that the company funded the project, involving the reactivation of the Raipur plant’s Kiln 3, from its internal accruals. It has also installed a new waste heat recovery (WHR) plant alongside the kiln. The line will augment Shree Cement’s supply of clinker to its grinding plants in Eastern India. It hopes thereby to contribute to growth and development in Chhattisgarh and beyond.