Page 2 - Cement Production

Birla Corp to invest $1 bn over eight yrs, raise capacity to 30 mn tonnes

Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes

Cement firms' profitability seen dipping 15% on input costs: Report

Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers will decline 15 per cent year-on-year to Rs 900-925 per tonne this fiscal, adding to the pain of a 9 per cent decline last fiscal, as an increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production higher, the agency said in a report on Monday. However, the 17 per cent demand growth in cement demand during the first quarter, albeit on the low base last fiscal, offers a silver lining, the report noted, saying though growth may taper in subsequent quarters, and print in at 8-10 per cent for the full fiscal, it will still be the highest since fiscal 2019. O

Birla Corporation to expand cement production capacity to 30 MTPA by 2030

MP Birla Group firm Birla Corporation plans to increase its cement production capacity by 50 per cent to 30 million tonnes per annum by 2030, the company said in its latest annual report. The company, which has commissioned a greenfield unit at Mukutban, Maharashtra with an investment of Rs 2,744 crore, has plans to set up some new units and expand the production capacity of the existing units. "Birla Corporation Ltd is committed to increasing its annual cement production capacity to approximately 30 million tonnes (MT) by 2030. Our current production capacity stands at 20 million tonnes," it said. This ambitious expansion plan promises a buoyant outlook by ensuring improved profitability and cash flow and efficiency, said Birla Corporation. Birla Corporation and its subsidiary RCCPL Private Limited (formerly Reliance Cement Company Private Limited) currently operate 11 cement plants. Besides, it also operates a jute mill. As part of the expansion, Birla Corporation has inaugurat

With melas and pilgrimages back, brands roll out new experiences

Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages

UltraTech expansion plans suggest higher competition likely in cement biz

Other key players have also announced plans to significantly raise capacities

IIT Madras develops structured model for bacteria-based cement production

The product has the potential to reduce CO2 emissions

South Central Railways harness new-age containers for bulk cement transport

Bulk cement dispatch constitutes around 25 per cent of the total cement production of nearly 350 million tonnes

India Cements Q3 standalone PAT falls significantly to Rs 3.3 crore

The company had registered standalone profits at Rs 62.02 crore during the corresponding quarter in the previous year

Dalmia Cement to set up Rs 577 crore plant in Jharkhand's Bokaro

The work on the project will commence in November

Ambuja Cements third quarter net profit up 10.9% at Rs 891 crore

Over the outlook, Ambuja Cements said, domestic activity in India is on an improving trend with the reduction in COVID-19 cases and supported by the increased pace of vaccinations.

Ambuja Cement starts commercial production at Rs 2,350 cr Marwar plant

The trial runs at the new plant were on since August

Birla Corporation plans to raise to 30 mn tonnes by 2027

The increase is a new target set by the company, which had earlier said it would raise production to 25 mt by 2025

ACC Q2 net profit up two-fold to Rs 569 cr; revenue up 49% to Rs 3,885 cr

Cement maker ACC Ltd on Monday reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

ACC consolidated Q4 PAT up 74% to Rs 563 cr on highest ever revenue surge

Company says its cost efficiency project 'Parvat' is on track and has helped in managing some continuing cost headwinds

Ambuja Cement's strategic plan on track to expand capacity at 50 MTPA

Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity

Cement demand FY22 could surpass 340 mn tonne; highest in a decade: Icra

Sustained rural housing demand and significant pick-up in infra activity seen as key drivers

Analysts bullish on cement stocks on sustained demand, price hikes

Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.

ACC Ready Mix launches low-carbon range of eco-friendly concrete products

Launched in Mumbai and Hyderabad, ECOPact range will be rolled out across India in a phased manner in the next few weeks