Displaying items by tag: India

India: JK Cement has commissioned its latest new grinding plant in Uttar Pradesh. Reuters News has reported that the facility has a cement production capacity of 2Mt/yr.

JK Cement is on track to increase its total installed capacity to 23Mt/yr by the end of 2023.

India: Germany-based Gebr. Pfeiffer and its subsidiary Gebr. Pfeiffer (India) say they have received a follow-up order from Ultratech Cement for additional mills for new clinker production lines at its Kotputli plant in Madhya Pradesh and its Maihar plant in Rajasthan.

At the Kotputli plant it is planning to supply a MVR 5000 R-4 type mill to grind raw material. This mill can grind approximately 740t/hr to a product fineness of 1.0 % R 212µm with a 4800kW drive. At the Maihar plant a MVR 6000 R-6 type mill will also be supplied to grind raw material. In addition, several MPS 3550 BK type mills will be provided to grind fuel. These mills can grind approximately 45t/hr of pet coke, 90t/hr of coal, or any blend of the two materials. These are equipped with a 1300kW gearbox.

The plant design and the entire customer support will be handled by Gebr. Pfeiffer (India). The core components, such as gearboxes, grinding bowls, the grinding roller suspension system and the grinding rollers, will be supplied from Europe by Gebr. Pfeiffer. The remaining components, such as the foundation parts, the housings, the classifiers and most of the plant components will be provided by Gebr. Pfeiffer (India).

India: RHI Magnesita has agreed to buy the India-based refractory business of Dalmia Bharat Refractories (DBR). The acquisition will take place via a share swap agreement in exchange for 27m shares in RHI Magnesita India. The Austria-based refractory manufacturer hopes to grow its presence in the Indian market and benefit from market synergies. DBR employs approximately 1200 people in India. It has a production capacity of over 300,000t/yr of refractory and operates five refractory plants and raw material sites. The acquisition will add production capacities in industrial regions in the south and west of India where RHI Magnesita currently has no assets. No completion date for the transaction has been disclosed.

Stefan Borgas, the chief executive officer of RHI Magnesita, said, “We see material financial and operational benefits from the addition of the Dalmia Bharat Refractories business to our existing network, which will enable us to increasingly serve our customers with a ‘local for local’ approach in India and offer a broader range of products, in particular in the Industrial segment, in which RHI Magnesita is currently under-represented. This transaction demonstrates our ability to continue to grow our business in India where the outlook for the refractory industry is strong, at a time when demand in other geographies is weakening.”

India: Wonder Cement has completed a successful kiln ignition in its Chittorgarh cement plant's new Line 4. The three pre-existing lines gave the plant a former capacity of 8Mt/yr. Wonder Cement additionally operates grinding plants in Haryana, Madhya Pradesh and Maharashtra, with a total capacity of 5Mt/yr.

Vice chair Vimal Patni's technical assistant Lokesh Lohar congratulated the entire Chittorgarh cement plant team on its work on the latest expansion.

India: A court has dismissed Shraddha Binani's petition against summons by the Ministry of Corporate Affairs' Serious Fraud Investigation Office in its investigation of alleged related party transactions by the former Binani Cement. Mint News has reported that 'huge funds' from the company's related parties entered Binani's bank account, beginning in 2010.

Under corporate insolvency resolution proceedings, Binani Cement underwent acquisition by Aditya Birla subsidiary UltraTech Cement, becoming UltraTech Nathdwara Cement, in 2018.

India: Dalmia Cement (Bharat) is among buyers which will receive a supply of renewable energy from Sunsure Energy's new 74MW Tirunelveli open access solar power plant in Tamil Nadu. Press Trust of India News has reported that the solar power provider built the plant in three phases, with the first commencing in January 2022.

Project head Tarunveer Singh said "This is our largest single-site installation and one of the largest open access projects in the renewable energy-rich state of Tamil Nadu. Credit goes to our on-site team for completing this project in time, despite execution challenges posed by the weather and the daunting supply chain constraints plaguing the solar sector."

Sunsure Energy commands 250MW of solar power across 16 Indian states.

India: Dalmia Cement (Bharat) has won the Climate Orientated award at the Confederation of India Industry (CII)'s Third Climate Action Programme Awards. The awards aim to help companies to prepare scenario analyses, implement climate-related financial disclosures recommendations and calculate internal carbon pricing. This marks the second time that the producer has prevailed in the category. Dalmia Cement (Bharat)'s efforts along these lines include promoting and incorporating its own ‘Waste to Prosperity’ philosophy, through which it engages with waste generators, policy makers and stakeholders. Industrial waste streams constituted 40% of raw materials used in the company's cement production during the second quarter of the 2023 financial year. Municipal solid waste (MSW) provided 18% of heat in its kilns. Its CO₂ emissions per tonne of cement during the quarter were 467kg/t.

India: Grasim Industries recorded US$6.86bn in consolidated sales during the first half of the 2023 financial year, which ended on 30 September 2022. The figure corresponds to a 31% increase from US$5.25bn in the first half of the 2022 financial year. Cement and allied products contributed US$3.59bn in sales, up by 22% from US$2.95bn. 36% costs growth caused the producer's net profit to fall by 3.3% in the period, to US$527m from US$545m.

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: JK Cement recorded US$536m in standalone income during the first half of its 2023 financial year, up by 26% year-on-year from US$427m. Throughout the period, the producer's profit after tax declined by 19%, to US$37.7m from US$46.4m. Also on a standalone basis, the company reported total expenses of US$482m, up by 31% year-on-year from US$368m. JK Cement's consolidated income rose by 23% to US$558m, while the group's expenses rose by 30% to US$509m, resulting in a 20% consolidated net profit drop to US$33.5m.