Page 9 - Cement Industry

Birla Corp plans to ramp up cement production to 25 mt by 2025-26 fiscal

MP Birla Group flagship company Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tonnes by the 2025-26 fiscal from the existing 20 million tonnes, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units. "With the commissioning of Mukutban plant, we have virtually ring-fenced our core market of central India which we can service seamlessly from our six plants, namely Maihar, Satna, Kundangunj, Raebareli, Chanderia, and now, Mukutban. The strategic location of these plants and standardisation of product quality allow us to interchange source of supplies to maximise realisation and serviceability for our customers," Birla Corporation Chairman Harsh V Lodha told shareholders during the 103rd annual general meeting of the company ...

UltraTech Cement targets 200 MTPA cement capacity: Chairman KM Birla

Country leading cement maker UltraTech Cement is targetting a production capacity of 200 million tonnes per annum (MTPA) as it looks to become one of the largest cement companies in the world, its Chairman Kumar Mangalam Birla said while addressing the AGM of the company. The company has already commenced work on the next growth phase of adding 22.6 MTPA additional capacity and after its completion, UltraTech will have over 160 MTPA cement production capacity. "Your Company is now targeting an ambitious goal of achieving a production capacity of 200 million tonnes. This will further reinforce our position as one of the largest cement companies in the world," said Birla while addressing shareholders on the 23rd AGM of UltraTech Cement. UltraTech had an installed capacity of 132.4 MTPA in FY22 and then added another 5.5 MTPA in FY23, elevating its total cement production capacity to 137.85 MTPA. The Aditya Birla group firm has doubled its grey cement production capacity from 66.3 MTP

India Cements posts wider Q1 adjusted loss as raw material costs weigh

Revenue from operations fell about 4% to 1393 crore rupees, while raw materials cost surged 13.2%

Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr

Ambuja Cements' acquisition of Sanghi Industries is expected to be completed in the next three to four months

Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr

The Adani group will invest Rs 4,500 cr in acquiring the promoters' stake and take over the company's debt of around 1,500 cr

India's core sector output rises to five-month high of 8.2% in June: Govt

The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2%

ACC not to carry out any investigation into Hindenburg's allegations

Leading cement maker ACC Ltd, now a part of Adani Group, said it will not conduct any independent investigations against the allegations of financial misconduct made by the short-selling firm Hindenburg Research. Adani Group had already undertaken a review by independent law firms, whose opinions confirmed that the company is in compliance with the requirements of applicable laws and regulations, said ACC Cement while declaring its quarter results on Thursday. "Based on the foregoing and pending final outcome of the regulatory investigations and related proceedings as mentioned above, the Company has decided to not carry out any separate independent Investigation in the matter, and the financial results do not carry any adjustments in this regard," it said. Hindenburg on January 24 accused Adani of "brazen stock manipulation and accounting fraud" as well as using a "labyrinthian network" of shell companies for surreptitious money movements, allegations that the conglomerate has ...

ACC Q1 results: Net profit jumps 105% to Rs 466 crore, revenue up 16.4%

Adani firm to not conduct separate, independent probe into Hindenburg allegations

Shree Cement to invest Rs 7,000 cr on capacity expansion projects

Bangur family promoted Shree Cement on Wednesday announced to invest Rs 7,000 crore for capacity expansion in the next phase of capacity augmentation. The board of Shree Cement in its meeting held on Wednesday approved "clinker & cement capacity expansion projects with a total capital expenditure of around Rs 7,000 crore", said regulatory updates by the company. Shree Cement, the third largest cement manufacturer, will invest in setting up a clinker capacity of 3.65 million tonnes in Pali, Rajasthan. Besides, it will also invest in a cement capacity of 6 million tonnes at Pali, Rajasthan and Etah, Uttar Pradesh. Similarly, it will also invest in two Karnataka-based units in Kodla and Bangalore. "We are also happy to announce our next phase of capacity expansion projects of 12 million tonnes that will take the group's cement capacity to 72.4 million tonnes, it said. According to the information available, Shree Cement is among India's top three cement producers, with an installed

Shree Cement to invest Rs 7,000 crore to add 12 million tonnes of capacity

The company has also decided to diversify into ready mix concrete business and will start setting up five RMC units in the country by the end of this financial year

India's carbon credit trading scheme spins a maze of regulatory complexity

A complex and unwieldy regulatory and monitoring process could raise the costs for Indian companies

Cement industry production to grow 7-8%: Icra gives 'stable' outlook

The domestic cement industry is expected to have a volumetric growth of 7-8 per cent in FY24, helped by a rise in demand from the housing and infrastructure sector, a report by ICRA said on Monday, giving a 'stable' outlook for the sector. Besides, the softening of input costs would help the cement industry to improve its operating profits before interest, tax, depreciation and amortisation by 14-18 per cent Year-on-Year (YoY) to Rs 900-950 per MT in FY24, it added. Moreover, supported by healthy demand prospects, the capacity addition in the cement industry is estimated at 63-69 million metric tonnes (MT) between FY24 and FY25. In this, a capacity worth around 33-36 million MT will be added in FY24 and around 30-33 million MT in FY25. "The cement capacity is expected to rise by 6 per cent in FY2024, the highest addition in the last five years," it said. ICRA has given a "stable" outlook for the cement sector. Steady demand from the housing and infrastructure sectors along with a

UltraTech Cement Q1 consolidated sales increased by 19.64% to 29.96 MT

Leading cement maker UltraTech's consolidated sales increased 19.64 per cent to 29.96 million tonne (MT) in the first quarter ended June 2023. The company produced 25.04 MT of cement in the April-June quarter a year ago, Aditya Birla Group firm said in a regulatory filing on Saturday. Its total sales volume in the domestic market rose 19.87 per cent to 29.01 MT during the quarter under review. It was 24.20 MT in Q1 FY23. Its grey cement production in the domestic market was 28.60 MT in the June quarter of FY24, a 20 per cent growth, while its white cement production was 0.41 MT, up 11 per cent. UltraTech's overseas production, mainly grey cement, was 1.04 MT in Q1 FY24, up 10.63 per cent. The company registered a "capacity utilisation of 90 per cent for the quarter," it added. UltraTech has a consolidated capacity of 135.55 million tonnes per annum (MTPA) of grey cement. It has 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit and eight bulk packaging

Shree Cement completes Rs 550-cr cement plant in Bengal's Purulia

Shree Cement on Friday said it has completed the Rs 550-crore greenfield cement plant in the Purulia district, Bengal. The company said this is its first production facility in Bengal and has begun trial production from Friday. With this plant, the total cement production capacity of the group has increased to around 50 mt per annum across 15 plants. The 3-million-tonne per annum plant set up at an investment of around Rs 550 crore was entirely funded through internal accruals. This new plant will serve the growing cement demand in fast-growing Bengal and Jharkhand markets, helping faster supplies to its customers, Neeraj Akhoury, the managing director, said. He also said the company is determined to reach over 80 mt capacity at an accelerated pace over the next few years.

Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

J K Cement accords in-principle approval to sign agreement with Toshali

The company will acquire management control and hold 100 per cent of the paid-up capital of Toshali

ACC, Ambuja Cement launch Cement & Concrete Research Development facility

Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement. A focus on new product development, productivity enhancement, reduction in energy consumption and environmental impact have been major drivers for the establishment of the R&D facility, it added. "Our new R&D facility is our reinforcement towards our collective commitment to pushing boundaries, driving innovation, and addressing industry challenges," said Ajay Kapur, CEO, Cement Business. ***** UltraTech Cement partnering with Finland-based Coolbrook * Leading cement producer UltraTech is partnering with Finland-based Coolbrook to start a joint development project. It will install Coolbrook's RotoDynamic Heater (RDH) technology at an ...

Shree Cement Q4 results: Consolidated net profit falls 15% to Rs 546 cr

The company's net revenue up QoQ by 18% from Rs 4,069 crore to Rs 4,785 crore

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

Challenges ease, cement companies may now go from strength to strength

Aided by volume growth, analysts see earnings improving in March quarter