Displaying items by tag: Mangalam Cement Limited

India: Mangalam Cement has secured a lease from the Rajasthan state government for the 204Mt Ninama Dunia limestone mine in Rajasthan's Kota District. Mangalam Cement won the auction with a highest final price offer of 85%, corresponding to a tax revenue of US$1.17m/yr for the state. Throughout the operational life of the mine up to 2073, the Rajasthan state government expects to collect revenues of US$1.22bn.

The Hindustan Times newspaper has reported that the Rajasthan government expects to auction four limestone mines in Banswara District later in 2023.

Rajasthan generates 20% of India's cement-grade limestone.

India: The government of West Bengal plans to commence mining activity at the Deocha Pachami cement block in Birbhum District. The state hopes that the block will support further development of industries, including cement. Financial Express Online News has reported that Mangalam Cement, Purbanchal Cement and Shree Cement all plan to build new cement facilities in West Bengal. Shree Cement will invest US$102m in its planned Purulia grinding plant. Mangalam Cement's potential upcoming grinding plant will serve its planned new integrated cement plant in Chhattisgarh.

India: B K Birla Group subsidiary Mangalam Cement has launched cement and clinker production at its Morak cement plant in Rajasthan following an upgrade. The upgrade has increased the plant’s cement capacity by 400,000t/yr and its clinker capacity by 300,000t/yr. The expansions bring Mangalam Cement’s total cement and clinker capacity to 4.4Mt/yr.

India: BK Birla Group subsidiary Mangalam Cement has launched Mangalam ProMaxX, a premium fly ash Portland pozzolana cement (PPC) that it says boasts “high one-day strength and also high 28-day ultimate strength.” The company says that the new cement is “an environmentally-friendly alternative with all the performance abilities of Mangalam Cement’s Birla Uttam cement.”

India: Mangalam Cement has fully commissioned an 11MW waste heat recovery (WHR) unit at its integrated Morak plant in Rajasthan. About half of the capacity of the unit was previously commissioned in January 2020. Completion of the remaining portion was delayed from early 2020 due to coronavirus.

India: Mangalam Cement has completed the installation of a 5.15MW WHR plant at its 1.0Mt/yr Morak cement plant in Adityanagar, Rajasthan. Accord Fintech newspaper has reported that a further 5.85MW expansion to the power plant will be commissioned in early 2020.

India: Basant Kumar Birla, chairman of BK Birla Group, has died at the age of 98 in Mumbai. He is survived by his grandson Kumar Mangalam Birla, the head of Aditya Birla Group, the owner of UltraTech Cement, amongst many other family members, according to the Times of India.

Part of the influential Birla family of industrialists, Basant Kumar Birla originally started working at Kesoram Industries before turning the business into a conglomerate with concerns in cement, engineering, medium-density fibreboards, pulp and paper, rayon, shipping, tyres, tea, chemicals and other sectors. BK Birla Group reported a turnover of US$2.4bn in the 2018 – 2019 financial year. At present the group now comprises five major companies - Kesoram Industries, Century Textiles & Industries, Century Enka, Mangalam Cement and ECE Industries - and several smaller subsidiaries.

Image of Basant Kumar Birla by Biswarup Ganguly CC BY 3.0

India: Mangalam Cement’s sales revenue rose by 7% year-on-year to US$170m in the year to 31 March 2019 from US$159m in the same period in 2018. It made a loss of US$1.38m compared to a profit of US$1.62m in 2018. Its power and fuel costs grew by 28% to US$54.3m.

India: The Supreme Court has been informed that the government is considering a ban on the use of petcoke by various industries. Additional Solicitor General A N S Nadkarni, representing the Ministry of Environment, Forest and Climate Change, told the court that a decision on the matter could be made within one month, according to the New Indian Express newspaper.

At present it is unclear whether the cement industry would be affected. However, if it was included in the ban, this potentially could be a problem for Shree Cement, which uses 100% petcoke in its fuels mix, according to India Infoline News Service. Additionally, UltraTech Cement, JK Cement, JK Lakshmi Cement and Mangalam Cement have petcoke usages in the range of 75 - 85% and would also be negatively affected.

India: The board of Mangalam Cement has approved plants to build a 11MW waste heat recovery unit at its Morak plant in Rajasthan. The subsidiary of BK Birla Group operates a single integrated plant.