Displaying items by tag: Madhya Pradesh

India: India Cements is planning to spend up to US$200m on a new integrated plant in Madhya Pradesh and a grinding unit near Allahabad in Uttar Pradesh. The move will increase its production capacity to 20Mt/yr by 2023 from 16Mt/yr at present, according to the Hindu newspaper. N Srinivasan, Vice-Chairman and managing director of India Cements said that the company was in the process of buying land in Madhya Pradesh and that it hoped to complete this by late 2019. The company holds mining lease for more than 100Mt of limestone following its acquisition of Springway Mining in Madhya Pradesh in 2018.

India: CARE Ratings has identified Telangana, Andhra Pradesh, Odisha, Rajasthan, West Bengal and Uttar Pradesh as the key states expected to lead cement production capacity additions over the next decade to 2030. In a sector report the credits agency forecast growth of 120Mt in this period. It noted that Rajasthan, Karnataka, Madhya Pradesh, Tamil Nadu, Andhra Pradesh and Telangana were among the top states in installed capacity at present. It said that the southern region led with highest installed capacity of 33% followed by the North, East, West and Central regions. Rajasthan, Karnataka, Telangana, Madhya Pradesh and Maharashtra are among the states with highest limestone resources.

India is the world’s second largest second producer but its per capita consumption is low, at 210kg. This is well below the global average of around 575kg/capita.

India: UltraTech Cement plans to complete its merger with Century Cement by September 2019. Chairman Kumar Mangalam Birla said the company has approval from shareholders, the Competition Commission and stock exchanges, according to the Mint newspaper. However, it still needs permission from the National Company Law Tribunal (NCLT).

The merger, which was first announced in May 2018, is a long running reorganisation of assets belonging to the Birla family. Once complete it is expected to give UltraTech Cement dominance in all regional markets with the addition of 13.4Mt/yr of production capacity in Madhya Pradesh, Chhattisgarh and Maharashtra.

India: UltraTech Cement’s net sales rose by 20% year-on-year to US$5.24bn in its 2019 financial year from US$4.35bn in the 2018 reporting period. Its profit after tax grew by 10% to US$347m from US$317m. Its power and fuel costs increased by 33% to US$1.20bn from US$903m.

The cement producer said that production stabilised at its integrated plant in Manavar, Madhya Pradesh, reaching a clinker production capacity utilisation rate of 100% in the quarter that ended on 31 March 2019. It worked on the plants of its UltraTech Nathdwara Cement subsidiary to reach a production utilisation rate of 72% in March 2019. Both plants were acquired from Binani Cement in late 2018.

The plants it acquired from Jaypee Associates in 2017 are running at a capacity utilisation rate of 82%. A planned shutdown was undertaken at its Bela plant in Madhya Pradesh plant for cost improvements. The company intends to install waste heat recovery (WHR) units at these plants. Work on the 4Mt/yr Bara grinding unit is on track and the first phase of the expansion is expected to be commissioned during the first quarter of its 2020 financial year.

India: The Cement Corporation of India has started the sale of its non-operating Nayagaon plant in Madhya Pradesh. Prospective bidders are invited to submit an expression of interest by mid-April 2019, according to the Press Trust of India. The Nayagaon plant was originally shut in 1997 but its mining lease remains valid for two quarries until early 2024.

The state-owned cement producer operates plants at Rajban in Himachal Pradesh, Bokajan in Assam and Tandur in Telangana. It has closed down integrated plants at Mandhar in Chhattisgarh, Kurkunta in Karnataka, Akaltara in Chhattisgarh, Charkhi and Dadri in Haryana, Adilabad in Telangana and Nayagaon in Madhya Pradesh. It has also closed grinding plants at Delhi and Bhatinda in Punjab. The company is planning to sell its non-operating plants first before divesting the operational units.

India: The board of ACC has approved plans to build a new cement plant at Ametha, District Katnl in Madhya Pradesh. The unit will have a clinker production capacity of 3Mt/yr and a cement production capacity of 1Mt/yr. The subsidiary of Switzerland’s LafargeHolcim plans to expand a 1.6Mt/yr grinding plant at Tikaria, Uttar Pradesh and a 2.2Mt/yr grinding plant also in Uttar Pradesh. The board also agreed to build a 1.1Mt/yr grinding plant at an existing unit at Sindri in Jharkhand. The projects are expected to cost around US$417m.

India: The board of directors of Sagar Cements has approved investments in new cement plants in Madhya Pradesh and Odisha. It plans to invest US$21m in Satguru Cement towards building a new 1Mt/yr plant at Indore in Madhya Pradesh. The project will also include a waste heat recovery unit. The total cost of the project is US$60m. Sagar Cements will hold a 65% equity share in Satguru Cement upon completion.

In Odisha the company has approved an investment of US$15m in Jajpur Cements in Jajpur. This project will build a new 1.5Mt/yr cement plant. The project has a total budget of US$43m. It is subject to approval by the Government of Odisha and other regulatory authorities as required.

India: Power stations owned by the Government of Madhya Pradesh are struggling to dispose of fly ash. The power companies were required to dispose of all fly ash in applications such as cement production or construction projects by the end of 2017, according to the Times of India newspaper. However, less than 20% of fly ash has been disposed of from the Shri Singaji Thermal Power Station (SSTPS) and only 20% fly ash has been disposed of at the Satpura Thermal Power Station (STPS).

An employee of a power plant quoted by the newspaper said that the power companies were able to dispose of fly ash where cement plants were nearby but that they found it a ‘great struggle’ elsewhere. A K Nanda, the managing director of the Madhya Pradesh Power Generation Company, said that the STPS had received no interest for an expression of interest since mid-2018. He added that the company was also approaching cement-based industries through social-media channels.

India: Two employees have died from a fall at the Birla Corporation’s cement plant at Maihar in Madhya Pradesh. The workers reportedly fell from an overhead platform, according to the Press Trust of India. Materials stacked on the platform also fell, burying the workers and other labourers. Piyush Tiwari, a mechanical engineer aged 35 years, and Prabhu Dayal Patel, a labourer aged 40 years, both died at the scene. The other labourers were unhurt. Local residents protested at the site following the accident setting fire to administrative buildings and two vehicles. Police are investigating the fatalities.

India: India Cements has entered into a share purchase agreement to buy Springway Mining for around US$25m. It says it has made the purchase to build a new cement plant in Madhya Pradesh. The cement producer plans to build a 1.5Mt/yr grinding plant in East Nimar, according to the Hindu newspaper. Springway Mining operates a mining and quarrying business.