Displaying items by tag: Andhra Pradesh

India: Sagar Cements has won the auction to acquire Andhra Cements from Jaiprakash Associates (Jaypee Group), a company currently undergoing an insolvency process. The committee of creditors of Andhra Cements voted to approve the sale, although the amount of the bid has not been disclosed, according to the Press Trust of India. Dalmia Cement (Bharat) was also reportedly made a bid for the cement producer.

Andhra Cements operates an integrated plant at Durga and a grinding plant at Visakhapatnam in Andhra Pradesh. It was previously acquired by Jaypee Group in 2012 from Duncan Goenka Group.

India: Ramco Cements has approved plants to build a second production line at its Haridaspur grinding plant in Jajpur District, Odisha with a capacity of 0.9Mt/yr. Around US$16m has been earmarked for the project. Once commissioned the plant’s total capacity will be 1.8Mt/yr.

The cement producer’s revenue grew by 31% year-on-year to US$442m in the first half of its financial year to 30 September 2022. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 35% to US$61.9m. It blamed the loss in earnings on falling cement prices and mounting fuel costs. The company currently has cement and clinker production capacities of 21Mt/yr and 14Mt/yr respectively. It also reported that a 6MW waste heat recovery unit at its Kurnool plant in Andhra Pradesh will be commissioned in November 2022. An additional 6MW at the same plant is scheduled to start operation in March 2023.

India: Dalmia Cement (Bharat) and Sagar Cements have submitted acquisition offers to Andhra Cements' administrator and committee of creditors. The Business Standard newspaper reported that the company owes its lenders total debts of US$118m and is valued at between US$42.5m and US$48.6m.

India: Sagar Cement has appointed KV Vishnu Raju as its chair. He succeeds K Thanu Pillai in the post.

Vishnu Raju is a graduate in Chemical Engineering from the National Institute of Technology in Tiruchirapalli and he holds a master's degree in Chemical Engineering from the Michigan Technological University in the US. He worked as an executive director and then managing director of Raasi Cements in the 1990s. He was later on the board of Anjani Portland Cement as its chair and managing director from 1999 to 2014.

Sagar Cement operates three integrated plants and two grinding plants in Andhra Pradesh, Madhya Pradesh, Orissa and Pradesh Telangana.

India: ThyssenKrupp Industries India has reported information on recent orders with UltraTech Cement, Shree Cement and Hills Cement.

Its Polysius division has secured an order from UltraTech Cement for the design, engineering and supply of two 10,000t/day pyro processing lines with Polycom rolls for raw materials grinding.

Shree Cement has ordered pyro processing equipment including a Polytrack clinker cooler for a new cement plant at Guntur in Andhra Pradesh. ThyssenKrupp Industries India noted that it was the “maiden plant order” from Shree Cement and of “great strategic importance to us.”

Hills Cement has also made a first order with ThyssenKrupp. In this case it has requested pyro processing equipment including a clinker cooler for the second production line at its plant in Meghalaya.

India: Andhra Pradesh Chief Minister Yeduguri Sandinti Jagan Mohan Reddy has laid the foundation stone for the upcoming Ramayapatnam Port in his state's Nellore district. Phase 1 of the port's construction will cost US$467m and is due to conclude in July 2025. The Hans India newspaper has reported that the new 25Mt/yr-capacity port will ship cement and other goods from four berths. Phase 2 of construction will subsequently increase the number of berths to 15, with a total export capacity of 139Mt/yr.

India: Shree Cement’s board of directors has approved the company’s plans to establish a new US$321m cement plant in Andhra Pradesh’s Guntur district.

Shree Cement currently commands an installed capacity of 46.4Mt/yr. In the 2022 financial year, it produced 30Mt of cement, corresponding to a capacity utilisation of 30%.

India: Dalmia Cement (Bharat) has received clearance from the High Court of Andhra Pradesh to resume operations at its Kadapa cement plant. The producer had filed a writ against an order by the Andhra Pradesh Board Control Board (APPCB) to suspend production at the 2.5Mt/yr plant on 29 January 2021.

India: Ramco Cements plans to commission a new 2.5Mt/yr clinker production line at its new plant near Kurnool, Andhra Pradesh in February 2022. A 1Mt/yr grinding unit, 12MW waste heat recovery system and 18MW captive power unit at the plant are expected to be commissioned in the 2022 – 2023 financial year, which starts in April 2022.

The cement producer also intends to commission at upgrade to its Nagar cement plant in the 2023 – 2024 financial year. The US$63m project includes installing a new 300t/day kiln at the plant in Tamil Nadu.

India: RHI Magnesita has opened its new Indian regional research and development centre. The centre is its fifth of its kind globally, and joins existing facilities in Austria, Brazil, China and the US.

The company is in the process of implementing a refractory production capacity expansion plan worth a total of US$53.8m. The plan consists of upgrades to its Bhiwadi plant in Rajasthan, Cuttack plant in Odisha and Vizag plant in Andhra Pradesh. It has already completed US$6.72-worth of the work with a 30% expansion at the Vizag plant. The company says that the remaining upgrades consist of both the establishment of new lines and the automation of existing ones.

RHI Magnesita India managing director and chief executive officer Parmod Sagar said “The centre will help us to better understand local market needs and to react faster to customer requirements. This is a world-class facility that will work closely with our global research and development network for local raw materials development, will provide solutions support for customer’s performance improvement projects and will support local manufacturing in the three India plants.”