Displaying items by tag: India

India: Shree Cement has inaugurated its Guntur cement plant in Andhra Pradesh in southern India. The producer says that the move raises its cement capacity by 5.6% to 56.4Mt/yr, with six integrated cement plants. It already operates one other plant in South India, the 2.4Mt/yr Kodla cement plant in Karnataka. Press Trust of India News has reported that the Guntur cement plant cost US$300m and will employ 700 people. It will serve the ‘growing markets’ of Andhra Pradesh and Telangana. The plant will co-process up to 30% alternative fuel, consisting of municipal solid waste and biomass, as cement fuel.

Managing director Neeraj Akhoury said "We're committed to growing responsibly. The Guntur plant reflects this by using advanced technology for manufacturing and controlling emissions, making high quality cement with the efficient use of energy.”

India: Roofsol Energy has won a contract to supply solar power plants with a total capacity of 10.5MW for Shree Cement in Jharkhand and Uttarakhand, Saur Energy News has reported.

Roofsol Energy said “Shree Cement owns and operates cement grinding units in nine locations across India and owns production facilities in Rajasthan, Chhattisgarh and Karnataka and has operations in India and UAE. The company carries out power generation through waste heat recovery plants and now it is adopting solar plants as well.”

India: Udaipur Cement has commissioned a new grinding unit at its Udaipur cement plant in Rajasthan. The unit more than doubles the plant’s grinding capacity from 2.2Mt/yr to 4.7Mt/yr. Capital Market News has reported that the Udaipur plant now has an integrated capacity of 3Mt/yr, following the establishment of a second 1.5Mt/yr clinker line there in October 2023.

The company said "Udaipur Cement has been a pioneer in the promotion of various green initiatives. The company is the only one in the entire Indian cement industry with a 1MW floating solar power plant at its mines. During the fourth quarter of the 2024 financial year, the company also doubled its Udaipur cement plant’s waste heat recovery capacity from 6MW to 12MW. This has enabled Udaipur Cement to achieve a green energy share of more than 50% in total electrical energy consumption."

India: The Adani family has increased its stake in Ambuja Cements by 3.6% to 66.7% following an investment of just under US$800m. The move follows an investment of around US$600m that the board of the company approved in October 2022. The cement producer intends to use the additional finance to meet its target of reaching a cement production capacity of 140Mt/yr by 2028.

Ajay Kapur, the CEO of Ambuja Cements, said "This infusion of funds provides flexibility for fast-tracked growth, capital management initiatives and best-in-class balance sheet strength. It is not only the testament to steadfast belief in our vision and business model but also reinforces our commitment to delivering long-term sustainable value creation to our stakeholders and this shall propel us towards setting new benchmarks accelerating our growth and continue to deliver on operational excellence, business synergies and cost leadership."

Adani Group acquired Ambuja Cements and ACC from Switzerland-based Holcim in September 2022.

India: UltraTech Cement has increased its cement production capacity by 2.4Mt/yr through debottlenecking at integrated and grinding plants in Gujarat, Rajasthan and West Bengal. Following the improvement exercise its total domestic capacity is 141Mt/yr and worldwide it is 146Mt/yr. The improvements were made at the Pali integrated plant in Rajasthan and grinding plants at Magdall in Gujarat, Sonar Bangla in West Bengal and Neem ka Thana in Rajasthan.

India: UltraTech Cement plans to acquire a 26% stake in O2 Renewable Energy for around US$2m. It is making the purchase to support the energy requirements of its plants from renewable sources, according to the Times of India newspaper. O2 Renewable Energy is currently building a solar power plant in Karnataka that is expected to generate 35 – 48MW.

India: KHD Humboldt Wedag has appointed Anurag Johari as Assistant Vice President. He has worked for KHD in India since 2005 in a variety of roles. Johari is a graduate in chemical engineering from the National Institute of Technology, Warangal in Telangana.

India: UltraTech Cement has commissioned a new brownfield 1Mt capacity at its Roorkee-based facility in Uttarakhand, contributing to its total cement manufacturing capacity in India, which now stands at 138Mt. This addition is part of the 23Mt capacity expansion plan announced in June 2022.

In the third quarter of the 2024 financial year, UltraTech Cement reported a 67% increase in consolidated net profit to US$21.3m, with revenue from operations rising by 8% year-on-year to US$201m.

India: Shree Cement has launched Bangur Concrete, inaugurating its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The new plant has a production capacity of 90m³/hr.

Earlier in March, Shree Cement acquired five operational plants from StarCrete in Mumbai, raising its combined RMC capacity to 512m³/hr. This move marks a significant step in the company's diversification and growth in the concrete segment.

India: UltraTech Cement says that the Competition Commission of India has approved its proposed acquisition of Kesoram Industries’ cement business. The Business Standard newspaper reported that the demerger of the business from Kesoram Industries into UltraTech Cement is scheduled for November 2024. The deal has an enterprise value of US$914m.