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Cement makers cheer as construction activity revives

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A weak monsoon and lower dispatches to wholesalers past year have resulted in a healthy growth for major cement manufacturing companies in June this year. An aggregate of cement dispatches of five major cement-manufacturing companies grew 8% year-on-year (YoY) in June 2012.The duration between June and August is a lean period for construction activity in major parts of the country. In June last year, a good monsoon had led to a lower construction activity. However, due to delay in monsoon this year, there is an increase in construction activity, which has increased the demand for cement.Another positive development for companies is the declining coal prices. Richards Bay Index – the benchmark for global coal prices – is down nearly 20 per cent since the beginning of the year. Although, depreciation of the rupee has offset the benefits, companies still stand to gain from lower coal prices.It is estimated that around 500 kg of coal is required for manufacturing 1 million tonne of cement. However, due to an increase in freight costs, companies would find it difficult to improve their margins significantly. In March this year, Indian Railways had increased the freight rates for cement by about 20 per cent.In addition, companies were able to increase cement prices due to a pickup in demand. Cement prices across the country on an average increased by Rs 5-10 per kg in June 2012. The increase was higher in western and northern region where monsoons were significantly below normal.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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