Displaying items by tag: India

India: 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.

India: 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.

India: 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.

India: 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.

India: 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.

India: 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."

India: 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.

India: 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."

India: Shree Cement recorded consolidated revenues of US$430m in the third quarter of its 2022 financial year, down by 2.8% year-on-year and up by 0.4% quarter-on-quarter. The group’s cement sales totalled 6.4Mt, down by 10% year-on-year and up by 2.1% quarter-on-quarter. It reported a 26% year-on-year fall in earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$107m.