Connect with us

Economy & Market

Vicat eyes to sell 4.5 mt cement in 2013 fiscal

Published

on

Shares

France-based Vicat Group, which owns 51 per cent stake in Bharathi Cements and Vicat-Sagar Cement, is likely to sell 4.5 million tonne of cement in India in FY 2013, said its Country-Head (India) Gilles du Manoir. The group was ‘upbeat’ on the cement industry’s growth outlook and expected it to grow at about eight per cent this year, Manoir told the media in Hyderabad on January 31.

Apart from the newly-commissioned Rs 1,800-crore joint venture cement plant, Vicat-Sagar Cement at Chattrasal, Gulbarga district of Karnataka, Vicat has 51 per cent stake in Bharathi Cement. While Bharathi Cement plant in Kadapa has 5 mt capacity, Vicat-Sagar has 2.75 mt capacity in the first phase.

Anoop Kumar Saxena, Managing Director, Bharathi Cement, said the capacity utilisation was at 50 per cent in Kadapa plant. In Vicat-Sagar 60 per cent utilisation was likely in the first year, said M Ravinder Reddy, Head-Marketing.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

CCU testbeds in Tamil Nadu

Published

on

By

Shares

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.

Image source:https://www.heavyequipmentguide.ca/

Continue Reading

Concrete

JSW Cement gears up for IPO

Published

on

By

Shares

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.

Continue Reading

Concrete

Cement industry to gain from new infrastructure spending

Published

on

By

Shares

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/

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds

    This will close in 0 seconds