Displaying items by tag: Assam

India: The government of Assam has laid the foundation stone for its upcoming Bogibeel Inland Waterways Transport Terminal, a cargo and passenger port on the River Brahmaputra in Assam. The Economic Times newspaper has reported that the state will invest US$5.67m in the port, which is scheduled to open in February 2024. Cement is among the commodities expected to travel through the port.

Assam’s Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, suggested that a new local cement industry might arise to take advantage of the improved transport situation, alongside other industries.

India: Dalmia Cement (Bharat) plans to invest US$560m following the signing of a memorandum of understanding (MoU) with the Assam government on the construction of a new cement plant in the state. The Economic Times newspaper has reported that the producer expects the project to generate a total of 2500 new jobs.

Managing director and chief executive officer Mahendra Singhi said “This year also marks the 10th anniversary of Dalmia Bharat’s manufacturing presence in Northeast India. We remain deeply committed to continuing to be a partner in the region’s economic progress." He continued "The Northeast region has showcased a very forward-leaning mindset, being one of the fastest adaptors of low-carbon blended cement. The penetration of Low Carbon Green Cement is in line with our vision of becoming carbon negative by 2040, and further intensifies our commitment towards the Grey to Green movement.”

India: The state government of Assam signed memoranda of understanding (MOUs) worth over US$974m on 9 May 2023. The MOUs include three new planned cement plant projects. Agreements have been signed with Calcom Cement India, Star Cement and Taj Cement Manufacturing.

The Economic Times newspaper has reported that the government said “There are another US$852 - 974m investment proposals in the pipeline. Investors are touring Upper and Lower Assam, scanning for locations for investment projects.”

India: The state government of Assam has issued Purbanchal Cement with a notice to vacate illegally occupied land in Saraturi. The Sentinel newspaper has reported that the cement producer reportedly used a ‘duplicate registration paper’ to occupy 100 hectares of land in the South Kamrup Tribal Belt.

The All Assam Tribal Sangha (AATS) welcomed the authorities’ action, and called for the closure of Purbanchal Cement’s ‘main plant,’ in order to ‘free’ the tribal belt.

India: Dalmia Cement has awarded a contract for the supply of fly ash and other industrial waste to Vedanta Aluminium. Under the deal, Vedanta Aluminium will supply fly ash for use at Dalmia Cement’s cement plants across Odisha, Chhattisgarh, Meghalaya and Assam. It will deliver spent pot linings to the producer’s Rajgangpur cement plant in Odisha. The fly ash contract will remain in effect until 2028 and the pot lining contract until 2026.

Vedanta chief executive officer Sunil Gupta said “Strategic collaborations such as this will provide multiple benefits in terms of enhanced quality, sustainability and cost benefits to cement manufacturing, while helping us in gainful waste management. Our waste-to-wealth initiatives are designed to develop thriving value-chains for converting our by-products into resources for complementary industries.”

India: The board of directors of Star Cement has approved the sale of shares in two of its subsidiaries to a third subsidiary, Star Cement Meghalaya. Star Cement Meghalaya will acquire 40% stakes in Meghalaya-based Star Cement (I) and Assam-based Star Cement North East.

Neither Star Cement (I) nor Star Cement North East has yet to commence cement production. Parent company Star Cement is currently building two new grinding plants in Northeast India, where it is the market leader. The group also announced plans for a new 3Mt/yr clinker line in June 2022.

India: Purvanchal Cement plans to invest US$24m in cement acquisitions and new grinding capacity construction projects before 2026. Under the plans, the producer will double its cement production capacity to 1Mt/yr. The Economic Times newspaper has reported that the plans include the establishment of a grinding plant in West Bengal and a second new plant with an associated quarry in northern Assam.

Purvanchal Cement operates the 0.5Mt/yr Kamrup grinding plant in Assam.

India: Star Cement generated US$156m in total income during the first half of the 2023 financial year, up by 36% year-on-year from US$114m during the first half of the 2022 financial year. The producer's net profit dropped by 16% year-on-year to US$8m from US$9.51m.

India: The Assam Human Rights Commission (AHRC) has directed Calcom Cement to create 20 new full-time jobs for local people by January 2023. The Sentinel newspaper has recorded that the new positions must go to people from designated Project Affected Families (PAFs) with regard to the plant's Pipapukhuri cement plant in Assam. The designation covers any household which lost a source of a livelihood following the company's refusal to deliver a previously agreed rehabilitation package.

India: Star Cement plans to invest US$129m to establish a new 3Mt/yr clinker line. BusinessLine Online News has reported that producer currently operates 2.8Mt/yr-worth of clinker capacity across two units in Meghalaya. Star Cement says that it plans to increase its presence in the Northeast India, Bihar and West Bengal markets. It will additionally invest US$90 – 103m to establish two new grinding units with a combined capacity of 4Mt/yr at Guwahati and Silchar in Assam.

Star Cement said that projected infrastructure investment growth in Northeast India inspired its investment decision, while it opted for a 3Mt/yr kiln over a 2Mt/yr alternative due to the improved efficiencies it offers.