Displaying items by tag: Udaipur Cement Works

India: JK Lakshmi Cement will merge three of its subsidiaries, Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries, into its operations. Under the scheme of amalgamation, Udaipur Cement Works’ shareholders will receive four JK Lakshmi Cement shares for every 100 shares held. The merger will ‘simplify the group structure’, making ‘one combined entity focused in the business of cement and cement products’, according to The Business Standard.

India: JK Lakshmi Cement board has approved a corporate restructuring to merge three subsidiaries: Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries. The merger is due for completion on 1 April 2025.

India: Udaipur Cement has commissioned a new grinding unit at its Udaipur cement plant in Rajasthan. The unit more than doubles the plant’s grinding capacity from 2.2Mt/yr to 4.7Mt/yr. Capital Market News has reported that the Udaipur plant now has an integrated capacity of 3Mt/yr, following the establishment of a second 1.5Mt/yr clinker line there in October 2023.

The company said "Udaipur Cement has been a pioneer in the promotion of various green initiatives. The company is the only one in the entire Indian cement industry with a 1MW floating solar power plant at its mines. During the fourth quarter of the 2024 financial year, the company also doubled its Udaipur cement plant’s waste heat recovery capacity from 6MW to 12MW. This has enabled Udaipur Cement to achieve a green energy share of more than 50% in total electrical energy consumption."

India: Udaipur Cement Works commissions second kiln line at its Udaipur cement plant in Rajasthan. Reuters has reported that the new line doubles the plant’s clinker capacity to 3Mt/yr.

India: Udaipur Cement Works has commissioned a 1MWp floating solar unit at its Dabok mine in Rajasthan. The project was supplied by Oriana Power, according to the Press Trust of India. Udaipur Cement Works is a subsidiary of JK Lakshmi Cement.

Anirudh Saraswat, the co-founder and chief business officer of Oriana Power, said "The state has vast untapped potential in terms of intense solar radiation, one of the highest numbers of sunny days in a year and availability of vast barren and uncultivable, unutilised government and private land. This has the potential to make Rajasthan a highly preferred destination for solar energy at the global level."

Oriana Power is an India-based solar energy products provider that finances, constructs and operates solar projects for industrial and commercial customers.

India: Udaipur Cement Works plans to raise US$42.6m through the sale of bonds, Reuters News has reported. The producer says that the bonds will mature in March 2025.

India: Udaipur Cement Works plans to raise US$114m through an issuance of non-convertible debentures (NCDs). India Infoline News Service has reported that the company will use the money it raises to fund Phase 1 of its on-going expansion project.

India: Udaipur Cement Works has increased its solar power generation capacity by 43% through the installation of a new 4.35MW solar power plant at its Udaipur cement plant in Rajasthan. The 1.4Mt/yr cement plant now has a total solar power capacity of 14.5MW. Udaipur Cement Works says that solar power generated at the plant will reduce it operations’ CO₂ footprint by 14,000t/yr.

India: Udaipur Cement Work plans to increase its reliance on renewable power with the installation of a new 4.15MW solar power plant at its cement plant in Udaipur, Rajasthan. When operational, the installation will increase the Udaipur plant’s solar power capacity by 42% to 14.3MW. The producer says that its entire solar power apparatus will facilitate a reduction in CO2 emissions of 14,000t/yr. In the 2020 and 2021 financial years, the producer consumed 13,000MWh of solar power, reducing CO2 emissions by 10,000t.

India: Several cement producers have responded to the coronavirus pandemic with plant closures. Reuters has reported that India Cements has temporarily closed all of its plants. JK Lakshmi Cement has suspended cement production at its 4.2Mt/yr integrated plant in Jaykaypuram, Rajasthan and at three grinding plants. JK Lakshmi subsidiary Udaipur Cement Works has shut its 1.6Mt/yr integrated Udaipur plant, also in Rajasthan.

Dalmia Bharat refractory production subsidiary Dalmia-OCL’s CEO Sameer Dagpaal told the Business Standard newspaper that he expected the virus’ impact on the company to be ‘relatively limited,’ with a slowdown in demand from the cement sector lasting at most ‘a couple of months.’ He noted that there had been ‘some minor supply-side disruptions relating to a shortage of raw materials from China.’

On 24 March 2020 the all-India total number of coronavirus cases crossed 500, with nine dead, according to Al Jazeera. 200 cases are in the western states of Maharashtra and Kerala.