Displaying items by tag: India
ACC commissions expanded Tikaria grinding plant
15 February 2022India: ACC has commissioned its Tikaria grinding plant in Uttar Pradesh after completing work to expand its capacity by 69% to 3.91Mt/yr. The plant will help ACC to serve the country’s increasing demand and increase its presence in Central India, according to the producer. The United News of India newspaper has reported that the company commenced the project in January 2021.
CEO and managing director Sridhar Balakrishnan said "ACC's strong belief and resilience in these difficult times enabled the team to commission the additional capacity at the Tikaria grinding plant. Meticulous planning and the collaborative approach of the Tikaria team has been the driving force in ACC’s setting a new benchmark in these unprecedented times."
Nuvoco Vistas to increase cement capacity by 4.58Mt/yr
11 February 2022India: Nuvoco Vistas plans to increase its installed cement production capacity by 21% to 26.9Mt through capital expenditures of more than US$253m. The Hindu BusinessLine News has reported that the company will invest US$200m in the establishment of its upcoming 2.18Mt/yr Kalaburagi cement plant in Karnataka. It will invest a further US$53.1m in upgrading its Bhiwani, Haryana, blending plant to make it into a 2.4Mt/yr grinding plant. Additionally, Nuvoco Vistas will establish alternative fuel (AF) processing plants at its Nimbol, Maharashtra, and Risda, Chhattisgarh, cement plants.
ACC buys Kannur limestone block
11 February 2022India: ACC has announced its successful purchase at auction of the Kannur limestone block mineral reserve in Wadi, Kalaburagi District, from the Karnataka government. The producer plans to use the block to supply limestone for its Wadi cement plant.
HeidelbergCement India’s third-quarter 2022 financial year results show sales and profit decline
09 February 2022India: In its results for the third quarter of the 2022 financial year, HeidelbergCement India has recorded a sales decline of 9.5% year-on-year to US$71.7m from US$79.2m. Its net profit for the quarter was US$4.07m, down by 52% from US$8.51m.
India: Anjani Portland Cement recorded sales of US$14.3m in the third quarter of its 2022 financial year, up by 5.6% year-on-year from US$13.9m in the third quarter of the 2021 financial year. Its net profit was US$566,000, down by 80% from US$2.82m.
JK Cement’s profit declines in third quarter of 2022 financial year
07 February 2022India: JK Cement recorded a third-quarter consolidated net profit of US$18.8m in the third quarter of its 2022 financial year. The figure represents a 35% year-on-year decline from US$29.1m in the third quarter of the 2021 financial year.
Sahyadri Industries to establish cement board plant in Maharashtra
04 February 2022India: Sahyadri Industries plans to invest US$12.7m in the establishment of a cement board plant in Maharashtra. Reuters News has reported that the company expects to commission the unit by mid-2024.
FLSmidth to carry out Shree Cement’s digital transformation
04 February 2022India: Shree Cement has hired Denmark-based FLSmidth to carry out its digital transformation. The supplier will install its ECS/PlantDataManagement monitoring system at Shree Cement’s cement plants. It says that the technology will increase efficiency.
Shree Cement’s joint managing director Prashant Bangur said "We are always looking at ways to optimise production, and the decision to apply FLSmidth's information management system to all our sites is a natural next step." Whole-time managing director Prakash Narayan Chhangani said "FLSmidth is a trusted partner for us, as we demonstrated by the milling and pyro order we announced last year. And we are confident that this next step in our digital transformation will prove to be profitable."
JK Lakshmi Cement’s profit drops despite constant sales in third quarter of 2022 financial year
03 February 2022India: JK Lakshmi Cement recorded revenues of US$159m in the third quarter of its 2022 financial year, consistent with third-quarter levels in the 2021 financial year. Despite this, the company’s net profit declined by 42% year-on-year to US$7.91m from US$13.7m. Its operating costs grew by 4.6% to US$140m during the quarter.
Dalmia Cement (Bharat) commissions 14.7MW solar power plant at Kapilas grinding plant
03 February 2022India: Dalmia Cement (Bharat) has commissioned a 14.7MW solar power plant at its 1.3Mt/yr Kapilas grinding plant in Odisha. The producer says that the new power plant multiplies its total solar power capacity in Cuttack District by six to 17.1MW from 2.4MW.
The company said "Furthering Dalmia Cement (Bharat)'s sustainability goal of becoming carbon negative by 2040, this initiative will enhance the plant's energy efficiencies."