Displaying items by tag: Telangana

India: KT Rama Rao, the Industries and IT Minister, has lobbied the central government to help reopen the Cement Corporation of India (CCI) plant at Adilabad in Telangana. In a letter sent to Mahendra Nath Pandey, the Minister of Heavy Industries, Rao noted that several previous attempts had been made to reopen the unit, according to the Hindu newspaper. He added that the plant continues to hold a mining lease for 48Mt of limestone locally, has a dedicated electricity supply and has water resources. The 4Mt/yr integrated plant was originally built in 1984. Operations stopped in 1996 due to a lack of funds and the site was formerly closed in 2008.

India: The Telangana State Pollution Control Board has ordered Cement Corporation of India and Penna Cements to pay pollution fines for breaches of particulate matter restrictions at their respective cement plants at Tandur in Vikarabad district. The Times of India newspaper has reported that both companies exceeded legal limits eight times between November 2019 and July 2021. The board fined Cement Corporation of India US$3210 and Penna Cements US$4410.

India: NCL Industries is planning to expand its 2.7Mt/yr Mattapalli plant in Suryapet district, Telangana, to 3.6Mt/yr capacity at a cost of US$13.5m. The work includes the installation of vertical roller mills to replace the plant’s ball mills. Times of India newspaper has reported that the company says that it will complete the expansion by 2022.

Its plan also involves the establishment of a new 660,000t/yr grinding plant at nearby Anakapalle, at a cost of US$26.9m. The producer will invest a further US$810,000 in setting up three new ready-mix concrete plants in Hyderabad and Vizag, bringing its total number of concrete plants in the state to eight.

India: The state government of Telangana has renewed The India Cements’ mining licence for two sites in Guntur district until 2037. These are the Pondugula and Pulipadu mines, which supply the company’s Vishnupuram cement plant in Nalgonda district. The Times of India has reported that the producer first received its licence for the mines in 2000 and applied for the recent extension a decade later.

India: JSW Group has established a new large projects division. The division combines the former large projects division of its subsidiaries JSW Cement and JSW Steel. It will use the group’s new end-to-end sales platform Aikyam, according to United News of India. The integration is expected to create large scale volume opportunities for the steel and cement businesses in Maharashtra, Gujarat, Karnataka, Telangana and Andhra Pradesh.

Director Parth Jindal said, "JSW Group has the unique advantage of providing an integrated offering to its large customers in the infrastructure and building industries space.” He added "I expect Aikyam to fundamentally change the way JSW works with its large clients, while ensuring that our relationships continue to get stronger through a single group interface, bolstered by strong internal collaboration. In the near future we plan to offer other group products such as paints, construction chemicals, ready-mix concrete and many others to our large institutional customers through the Aikyam interface."

India: Penna Cement has filed for an initial public offering (IPO) worth US$212m. It plans to offer US$34m-worth of shares for sale and to issue equity shares worth US$177m. United News of India has reported that part of the money raised will fund capital expenditure (capex) investments worth US$58m. The company’s plans consist of a second line at its Krishnapatnam grinding plant in Andhra Pradesh, an upgrade of raw materials and clinker grinding at its integrated Talaricheruvu plant in Andhra Pradesh, and new waste heat recovery (WHR) units at its Talaricherevu plant and its integrated Tandur plant in Telangana. It additionally plans to repay previous loans.

India: Cement producers in southern India have joined together to form the South Indian Cement Manufacturers’ Association (SICMA). United News of India has reported that the association aims to serve as an intermediary between producers and federal and state governments. In this, it says that it will help to realise Prime Minister Narendra Modi’s vision of ‘affordable housing for all’ and ‘infrastructure for future.’ The India Cements vice-chair and managing director Narayanaswami Srinivasan will head the new organisation, supported by Barathi Cement’s director Ravinder Reddy as vice-president and Penna Cement’s director Krishna Srivastava as secretary.

SICMA alleges that the construction industry has exaggerated the effects of rising cement prices on its costs. In so doing, the association says, it has deprived the public of the housing the government had planned. It added that, with around 30% of India’s limestone reserves situated in Andhra Pradesh, Karnataka and Telangana alone, the South has the potential to become a cement hub for development across India, as well as for export.

India: The board of directors of NCL Industries has approved plans for the establishment of two ready-mix plants at a cost of around US$0.8m. The plants will be located in Hyderabad, Telangana and Visakhapatnam, Andhra Pradesh. Both projects are scheduled for completion in early 2021. The units will be financed by bank loan.

India: Tax authorities have raided 10 offices of Chettinad Cement and its subsidiaries in Telangana and Andhra Pradesh. The Times of India newspaper has reported that the officers are investigating allegations of tax evasion.

India: The India Cements recorded a profit of US$2.27m in the three months to 30 June 2020, down by 77% year-on-year from US$9.66m in the corresponding quarter of 2019. Its sales fell by 48% to US$102m from US$197m, due to the effects of the coronavirus lockdown during the quarter. It noted that direct cement sales to consumers (non-trade sales) rose to 67% from 52%, and said that it would extend its successful “cash and carry” business model developed for non-trade sales during the partial coronavirus lockdown to all cement sales. The India Cements predicts a rise in cement demand in Andhra Pradesh and Telangana of 75% to 3.5Mt in the second half of 2020 from 2.0Mt in the first half.