Displaying items by tag: UltraTech Cement
India: Dalmia Bharat expects to conclude its acquisition of Jaypee Cement by the end of September 2024, six months later than previously anticipated. The Hindu Business Line newspaper has reported that the group attributed the postponement to ‘procedural delays,’ including pending approvals from banks, on-going arbitration between Jaiprakash Associates and UltraTech Cement and some ‘lack of clarity’ around existing joint ventures between Jaiprakash Associates and state-owned Steel Authority of India.
Dalmia Bharat said “We are progressing in the right direction. These are procedural delays over which we have no control.”
India: UltraTech Cement has concluded an agreement to acquire The India Cements’ 1.1Mt/yr Parli grinding unit in Maharashtra for US$37.8m. The plant will subsequently figure in a US$60.5m growth drive by the group, aimed at adding 3Mt/yr in new cement capacity in Maharashtra. Current on-going expansions and acquisitions are set to raise the Aditya Birla subsidiary’s capacity to 198Mt/yr.
UltraTech Cement expands with Gebr. Pfeiffer technology
16 April 2024India: UltraTech Cement will integrate vertical mill technology from Gebr. Pfeiffer for three new clinker production lines. Gebr. Pfeiffer SE and its Indian subsidiary, Gebr. Pfeiffer India, will fulfil a subsequent order.
At the Happy 3 plant, cement raw material grinding will be conducted using an MVR 5000 R-4 mill, equipped with a 5300kW drive, capable of grinding about 705t/hr to a product fineness of 1.5% R 212µm. Additionally, three MPS 3550 BK mills, each with a 1300kW gearbox, will grind about 45t/hr of petcoke or 90t/hr of coal. These mills come with an integrated SLS 3750 BK classifier.
Gebr. Pfeiffer's MVR mills are distinct in their use of rollers according to the R=C principle. This design allows the same rollers to be used with parts for both raw meal and cement grinding. The MVR 5000 R-4 mill at Happy 3 features four actively redundant rollers, maintaining about 70% production capacity during maintenance. Gebr. Pfeiffer equips MVR mills with maintenance-oriented condition monitoring systems, enabling the implementation of digital maintenance strategies.
Handling of the order will be a collaborative effort between Gebr. Pfeiffer SE and Gebr. Pfeiffer India with all customer support and plant planning managed by Pfeiffer engineers in Noida. Core components like gearboxes, grinding bowls and roller suspensions will be shipped from Europe, while other parts like foundations and classifiers will be provided by the Indian subsidiary. Support for the plants will be managed by the customer support centre in Noida, accessible via remote data or on-site personnel.
Counterfeit cement raid in Jahangirabad
09 April 2024India: Jahangirabad police have raided a cement warehouse, seizing 437 bags of counterfeit cement. The owner has been arrested under the Copyright Act of the Indian Penal Code.
The raid followed a complaint from Delhi resident Raunak Joshi, head of a company identifying fake and adulterated products. Joshi reported unauthorised sales of cement under the UltraTech brand in Jinsi Square, Jahangirabad. The police's operation at Mohammad Siddiqui's shop and warehouse uncovered the counterfeit cement, some falsely labelled as UltraTech and others with different brand labels.
UltraTech increases production capacity
03 April 2024India: UltraTech Cement has allocated US$3.8bn for capacity expansion over the next three years, including the acquisition of Kesoram Cement. The company aims to increase grey cement production to 198Mt/yr. Recently, it commissioned two new greenfield capacities totalling 5Mt/yr in Chhattisgarh and Tamil Nadu, raising its total capacity to 152Mt/yr. This exceeds more than 150% of the capacity of the US and 80% of Europe's capacity.
In the last year, UltraTech Cement increased its capacity by 19Mt/yr, with an additional 36Mt/yr being added at 16 locations.
India: UltraTech Cement has increased its cement production capacity by 2.4Mt/yr through debottlenecking at integrated and grinding plants in Gujarat, Rajasthan and West Bengal. Following the improvement exercise its total domestic capacity is 141Mt/yr and worldwide it is 146Mt/yr. The improvements were made at the Pali integrated plant in Rajasthan and grinding plants at Magdall in Gujarat, Sonar Bangla in West Bengal and Neem ka Thana in Rajasthan.
UltraTech to buy a minority stake in O2 Renewable Energy
28 March 2024India: UltraTech Cement plans to acquire a 26% stake in O2 Renewable Energy for around US$2m. It is making the purchase to support the energy requirements of its plants from renewable sources, according to the Times of India newspaper. O2 Renewable Energy is currently building a solar power plant in Karnataka that is expected to generate 35 – 48MW.
UltraTech commissions new capacity at Roorkee plant
25 March 2024India: UltraTech Cement has commissioned a new brownfield 1Mt capacity at its Roorkee-based facility in Uttarakhand, contributing to its total cement manufacturing capacity in India, which now stands at 138Mt. This addition is part of the 23Mt capacity expansion plan announced in June 2022.
In the third quarter of the 2024 financial year, UltraTech Cement reported a 67% increase in consolidated net profit to US$21.3m, with revenue from operations rising by 8% year-on-year to US$201m.
India: UltraTech Cement says that the Competition Commission of India has approved its proposed acquisition of Kesoram Industries’ cement business. The Business Standard newspaper reported that the demerger of the business from Kesoram Industries into UltraTech Cement is scheduled for November 2024. The deal has an enterprise value of US$914m.
India: UltraTech has installed floating solar photovoltaic panels at its Awarpur Cement Works plant on two water reservoirs, spanning 3600m2. The reservoirs contain 7600 panels in total, which will generate 6173MWh/yr of solar energy. This initiative will reduce CO2 emissions by 6000Mt/yr, equivalent to the sequestration benefits of 270,000 trees. The project enables UltraTech to use 100% of the generated power. Additionally, it will reduce water evaporation by up to 70% and has a minimal impact on local ecosystems.