Displaying items by tag: India

India: Sagar Cements says that its subsidiary Jajpur Cements is on track to commission its new 1.5Mt/yr Jajpur grinding plant in Odisha in December 2021. The Hindu BusinessLine newspaper has reported that the company invested US$41m in the plant’s construction. Sagar Cements acquired Jajpur Cements in May 2019 for US$16m. It had previously aimed to complete the new grinding plant’s construction by March 2021.

In October 2021, another Sagar Cements subsidiary, Satguru Cement, commissioned its new US$80.6m 1Mt/yr Indore integrated cement plant in Madhya Pradesh. The completion of both projects will bring Sagar Cements’ total installed capacity to 8.25Mt/yr. the company said that the new facilities will help in its rationalisation of freight expenses and help it to diversify its sales outside of existing markets.

India: JK Cement’s second-quarter sales were US$247m in the 2022 financial year, up by 18% year-on-year from US$209m in the second quarter of 2021. Its profit fell by 24% to US$22.7m from US$30.1m. During the quarter, the company reported a rise in operating expenses of 32% to US$203m from US$153m.

India: Police have successfully raided a fake cement mixing and bagging operation in the Patel Nagar district of West Delhi. The Times of India newspaper has reported that the accused perpetrators claim to have recorded a profit of US$2.69/bag by contaminating cement purchased for US$3.36/bag with expired cement from building sites. Two people were processing a 350 bag order at the time of the raid.

Police continue to work to trace all cement dispatches from the factory in the interest of public safety.

World: The governments of Canada, Germany, India, the UAE and the UK have signed a commitment to support the development of markets for low-carbon cement and concrete in their countries. The governments will create market incentives for purchasers, review and update product standards to allow low-carbon materials to be used in all safe settings and promote their use through their public sector tendering rules.

World Cement Association (WCA) chief executive officer Ian Riley said “I’m delighted to see that governments are heeding our call for urgent action to accelerate decarbonisation of the cement industry around the world, and we look forward to hearing more details from the UK, India, Germany, Canada and UAE on the steps they will take.” He added “This commitment marks a hugely significant shift in mindset that we hope will be followed by other countries in the months ahead. When it comes to hard-to-abate industries like cement, it is vital to work together with governments to create the conditions in which we can get to net zero and beyond, as quickly as possible. We cannot do this alone in time.”

India: Finland-based Betolar has launched a partnership with sustainable housing company Tara. The arrangement is intended to enhance India’s ‘green’ construction sector by encouraging the use Betolar’s pre-cast concrete products. These use waste inputs to create a low-carbon alternative to Ordinary Portland Cement. Betolar has been working with Tara since around 2019 to bring its commercial products to the local market.

Betolar's Head of Asia said, "There is a tremendous appetite for sustainable construction materials in India which we are tapped into through our work with Tara and its mission to develop alternative and sustainable models for rural development, democratizing construction from the bottom up."

India: Dalmia Cement plans for 100% of its cement to be low carbon by 2031. The company has a US$405m carbon capture and utilisation (CCU) investment plan to help it to realise its goal. It will also undertake carbon offsetting measures.

Business Line News has reported that the company plans to spend US$1.35bn to increase its installed cement capacity by 52% to 50Mt/yr from 33Mt/yr before the 2024 financial year.

India: UltraTech Cement has committed to the Global Cement and Concrete Association’s 2050 roadmap for net zero concrete. It says that in realising the commitment, it hope to contribute to building the sustainable world of tomorrow. The Roadmap also includes a sectoral commitment to cut CO₂ emissions by a further 25% by 2030.

India: The government of Kerala plans to increase its cement production in order to help lower the price of cement in the state. The Times of India newspaper has reported that the state owns 10% of its cement industry. It plans for state-owned Travancore Cements to increase grey cement, white cement and wall putty production at its Nattakom grinding plant in Moolavattom. Its other cement company, Malabar Cement, previously increased its cement production.

The state government also convened a meeting of private sector cement producers in order to discuss the possibility of a reduction in the price of cement.

India: Sesa Mining Corporation has received approval to acquire a 100% stake in Desai Cement. Sesa Mining Corporation, a Vedanta subsidiary, says that the acquisition will enhance its cement portfolio and help it to develop additional synergies through vertical integration.

India: Shree Cement’s consolidated sales totalled US$1.18bn in the first half of the 2022 financial year, up by 21% year-on-year from US$974m in the first half of the 2021 financial year. Its profit rose by 39% to US$160m from US$115m.