Displaying items by tag: Jharkhand

India: Shree Cement has commissioned captive solar power plants with a total capacity of 40MW in Bihar and Jharkhand. A Shree Cement facility in Banka, Bihar, hosts a 30MW solar power installation, while another in Seraikela Kharsawan, Jharkhand hosts a 10MW installation. Press Trust India News has reported that Oriana Clean Energy carried out design, engineering, procurement and construction on both projects.

India: Employees of a contract firm working at Dalmia Cement’s Bokaro grinding plant in Jharkhand have allegedly killed a worker in an attack on 15 March 2022. The deceased’s roommate has also been missing since then. Both workers had been in trouble with their employer for refusing to work overtime. Operations reportedly continued as normal at the plant until other loading workers began a protest on 16 March 2022.

Dalmia Cement spokesperson Shyamlal Sahu said “The matter was brought to the notice of local police and they have started their probe. We are cooperating with them to bring the culprits to justice. We will work with the contractor – Durga Enterprises – to extend support to the bereaved family. We, at Dalmia Bharat, accord highest priority to maintaining internal harmony and a healthy working environment, and will work with our contractors towards ensuring that such untoward incidents do not happen in the future.”

India: Dalmia Cement has presented its plans for its planned Bokaro, Jharkhand, grinding plant expansion and heard locals' concerns at a community meeting. The company said that the plant would increase local employment and agreed to compensate communities impacted by its operations. The plans consist of the installation of 2Mt/yr-worth of new grinding capacity on 0.1ha of land.

India: Dalmia Cement has signed three memoranda of understanding with the state government of Jharkhand. The memoranda provide that the Dalmia Bharat subsidiary will invest US$104m in expanding its cement operations in the state. The producer’s plans consist of a US$68.5m upgrade and capacity expansion to its Bokaro cement grinding plant. The project will increase the existing production line’s capacity to 3.7Mt/yr and add a new grinding line, bringing the total plant’s capacity to 6.3Mt/yr. In addition the cement producer will spend US$34m towards building a solar power plant and the remainder will be spent on setting up a waste management facility.

India: Dalmia Bharat subsidiary Dalmia Cement (Bharat) has marked World Environment Day with the ceremonial planting of a tree at the Bokaro cement plant in Jharkhand. In Assam, the company planted 6000 Neem, Royal Poinciana and Yellow Poinciana saplings and 4km of bamboo fence around its Alsthom Industries cement plant in Jagiroad.

Dalmia Cement (Bharat) executive director Indrajit Chatterji said, “We at Dalmia Cement have been firm believers in creating a clean and green ecosystem, especially in this pandemic situation across the world. With this tree plantation drive, we would humbly like to make a contribution towards the nature. I would urge all, to come forward and join hands to do our bit towards enabling a greener environment not only for us, but for the future generations to come. We, as a responsible corporate citizen, will always come forward to do whatever we can for the society at large.”

India: Power company OPGC has dispatched its first shipment of fly ash to ACC’s Jhinkpani cement plant in West Singhbhum district, Jharkhand. The Pioneer newspaper has reported that the shipment consists of 3450t of fly ash from its Ib power plant. The power plant has fly ash storage facilities with a capacity of 6900t. It previously supplied ash to a Star Cement cement plant in Assam.

India: LafargeHolcim subsidiary ACC has commissioned a new 1.4Mt/yr unit at its Sindri cement grinding plant in Jharkhand. The plant now commands a total grinding capacity of 4.4Mt/yr. The company began work on the expansion in December 2019 in order to strengthen its presence in the Eastern region. It said that the state government and local authorities aided smooth commissioning.

LafargeHolcim India chief executive officer (CEO) and non-executive director ACC Limited Neeraj Akhoury said, "Strong ambition aimed at deliverance of high performance is what guided ACC to establish the commissioning of the Sindri GU-Phase-II within a record period.” He added, “I am proud of the flexibility and agility demonstrated by the team."

ACC managing director and chief executive officer (CEO) Sridhar Balakrishnan said, “The commitment, meticulous planning and collaborative approach by the Project Sindri team in these unprecedented times and commencing the cement production in a record time have set a new benchmark for ACC.”

India: Police have fired warning shots after protesters outside LafargeHolcim subsidiary ACC’s Sindri cement plant in Jharkhand threw stones at them, according to the Pioneer newspaper. Sub-divisional manager Satyendar Kumar’s officers made three arrests. Residents of Dhanbad district are reportedly protesting a lack of local jobs. ACC had been in talks with local people when the disturbance broke out.

Nirma Group won the auction for Emami Cement this week with an US$770m offer. The deal is subject to approval by the Competition Commission of India but it signals further consolidation for the Indian cement industry. It sets Nirma Group and its subsidiary Nuvoco Vistas in a strong position in Central, North and East regions of the country, if authorities agree to it.

Sometimes the press releases connected to corporate acquisitions can be accused of hyperbole but Nuvoco’s chairman Hiren Patel may be proved closer to reality than some when he said, “This acquisition is a momentous and transformational step in Nuvoco’s journey to becoming a major building materials company in India.” This is because Emami Cement operates one integrated cement plant in Risdah, Chhattisgarh and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3Mt/yr. It also holds mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh. Nuvoco Vistas runs four integrated plants in Chhattisgarh and Rajasthan and three grinding plants in West Bengal, Jharkhand and Haryana with a total installed capacity of around 15.2Mt/yr.

Put all of this together and Nuvoco Vistas has a capacity of 23.5Mt/yr. This may not make it a leader nationally, where it faces the likes of UltraTech Cement’s capacity of just under 110Mt/yr. Yet it does make the producer a serious player regionally in Chhattisgarh and Rajasthan. Backing this up are five grinding plants in East India. Hence, Hiren Patel might not be exaggerating all that much.

It’s difficult to ascertain the valuation of this deal given the mixture of integrated and grinding capacity that was on sale. Altogether, for its total of US$770m, Nirma Group has agreed to pay around US$93/t. Like any deal there must have been some haggling going on given that the projected price for Emami Cement drifted downwards as the auction went on. Emami Cement’s owners reportedly valued the company at around US$1.2bn before the auction and were subsequently said to be looking for US$1bn. Later, local media said that UltraTech Cement was likely to submit an offer around US$0.94bn.

In the wider context of the Indian cement industry, the picture looks similar to when this column looked at the country as a whole in December 2019. Since then the November 2019 production figures have been released showing that cement production grew in the first 11 months of 2019, to 308Mt, but at a far slower rate than in 2018. A growth in production in November 2019 also broke a downward trend since August 2019. Adding to this growing sense of optimism, analysts ICRA were forecasting increasing profitability for cement producers in the 2020 financial year due to ‘benign’ input costs. If correct then Nirma Group will have picked a good time to expand.

India: Shree Cement has ordered a MVR 6000 C-6 mill from Germany’s Gebr. Pfeiffer. The mill will be used to grind cement at a grinding unit near Pune in the state of Maharashtra. No value for the order has been disclosed.

The new mill will be used to alternately produce 300t/hr of Ordinary Portland Cement (OPC) at a product fineness of 3100cm²/g acc. to Blaine or 300t/hr of Portland Pozzolana Cement (PPC) containing as much as 35% of fly ash at a product fineness of 3500cm²/g acc. to Blaine or 180t/hr of ground granulated blast-furnace slag (GGBFS) at a product fineness of 4500 cm²/g acc. to Blaine. The mill will come equipped with a 6700kW drive.

Gebr. Pfeiffer SE will supply the core components of the mill and the gear unit from Europe and its Indian subsidiary, Gebr. Pfeiffer (India), will provide the components such as the housing of the mill and classifier, the steel foundation parts as well as the internal parts of the classifier. The Indian subsidiary will also design the plant layout and advise the customer on the equipment he will procure on his own.

Shree Cement has ordered 34 mills from Gebr. Pfeiffer previously. It has recently commissioned a grinding plant in Jharkand that also uses a mill supplied by Gebr. Pfeiffer.