Concrete

JSW Cement Subsidiaries Achieves Milestones

Published

1 year ago

August 29, 2023

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Setting the Stage for Rapid Growth

In a significant stride towards cementing its position as a leading player in the industry, JSW Cement, a subsidiary of JSW Group, has achieved several milestones that underscore its commitment to innovation, sustainability, and expansion. The recent announcement by Parth Jindal, Managing Director of JSW Cement, through his Twitter account has brought to light the company’s remarkable achievements and its strategic roadmap for the future.

Parth Jindal, Managing Director of JSW Cement, shared these exciting developments on his official Twitter account:

Happy to inform all that @JSWCement subsidiary @shivacement has successfully commissioned its WHRS and is now running very well. This month Shiva will produce its highest ever amount of clinker. JSW Dolvi has also expanded successfully and is now at 4.5 MTPA taking our capacity…
— Parth Jindal (@ParthJindal11) August 29, 2023

1. WHRS Commissioning at Shiva Cement: A Step towards Sustainability
Shiva Cement, a subsidiary of JSW Cement, has achieved a notable milestone with the successful commissioning of its waste heat recovery systems. These systems not only enhance operational efficiency but also contribute significantly to the reduction of carbon emissions. The utilization of waste heat to generate energy aligns with the company’s commitment to sustainability and minimizing its environmental footprint.

2. Record Clinker Production by Shiva Cement
In a noteworthy development, Shiva Cement is set to achieve its highest-ever clinker production this month. This accomplishment is a testament to the company’s dedication to optimizing production processes and increasing capacity. The increase in clinker production signifies not only enhanced operational efficiency but also the capability to meet growing market demand.

3. JSW Dolvi Expansion Success: Boosting Overall Capacity
JSW Dolvi, another subsidiary of JSW Cement, has successfully completed its expansion, increasing its capacity to 4.5 million tonnes per annum (MTPA). This expansion contributes to JSW Cement’s overall capacity, which now stands at an impressive 19 MTPA. The expansion of JSW Dolvi demonstrates the company’s strategic approach to cater to the growing infrastructure and construction needs of the nation.

4. Ongoing Projects: Fueling Future Growth
JSW Cement’s expansion plans are not limited to the present achievements. The company is actively engaged in further expansion projects that will significantly boost its production capacity. Work is progressing at a rapid pace at the grinding unit in Vijayanagar and the new clinker line in the UAE. These projects, scheduled to be completed by December 2023, are poised to elevate JSW Cement’s capacity to an impressive 21 MTPA.

5. Ambitious Vision: Aiming for 60 MTPA in Five Years
JSW Cement’s remarkable achievements and strategic expansions reflect its ambitious vision for the future. The company aims to become India’s greenest cement company while positioning itself as a major player on the global stage. With the ongoing projects and their successful completion, JSW Cement is on track to achieve a capacity of 21 MTPA, and its ambitious goal is to further increase this capacity to a staggering 60 MTPA within the next five years.

Conclusion
The successful commissioning of WHRS, the record clinker production at Shiva Cement, the expansion of JSW Dolvi, and the ongoing projects all contribute to the company’s overarching vision.

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Concrete

UltraTech Cement Faces Growth Challenges Amid Cyclones and Monsoons

In contrast, the housing segment demonstrated robust growth.

Published

22 hours ago

January 24, 2025

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UltraTech Cement, one of India’s largest cement manufacturers, highlighted in its Q3 exchange filing the growing impact of climate change and stringent environmental policies on its operations. Key segments, including infrastructure and housing, have been affected by severe weather events and pollution control measures.

The infrastructure segment witnessed a decline, largely attributed to pollution control measures in Delhi and surrounding regions. These regulations, aimed at curbing air pollution, slowed construction activities and delayed multiple infrastructure projects, reducing demand for cement. Additional challenges included farmers’ protests, completion of major projects like the RRTS, aggregate manufacturer strikes, and labour shortages during festive periods.

In contrast, the housing segment demonstrated robust growth across most regions, except Odisha, which was heavily impacted by Cyclone Dana. The cyclone caused significant disruptions, delaying construction and halting ongoing projects. Similarly, southern states such as Tamil Nadu, Telangana, and Andhra Pradesh faced growth slowdowns due to prolonged monsoon seasons and cyclone impacts.

UltraTech reported a 17% year-on-year decline in net profit, amounting to Rs 14.69 billion, despite a 3% rise in revenue from operations to Rs 171.93 billion. However, the company’s profit exceeded Street estimates of Rs 11.95 billion, and revenue surpassed expectations of Rs 168.54 billion.

(ET)

Concrete

Dalmia Bharat’s Q3 FY25 Net Profit Plunges by 75.19%

The company’s net consolidated total income dropped by 12.17% to Rs 32.18 billion in Q3 FY25.

Published

2 days ago

January 23, 2025

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Dalmia Bharat, a leading cement manufacturing company, reported a sharp decline of 75.19 per cent in its net consolidated profit for the quarter ending December 31, 2025. The company disclosed in a BSE filing that its profit after tax stood at Rs 660 million in Q3 FY25, compared to Rs 2.66 billion in the same quarter of the previous fiscal year.

The company’s net consolidated total income dropped by 12.17 per cent to Rs 32.18 billion in Q3 FY25, down from Rs 36.64 billion in the corresponding quarter last year.

According to Puneet Dalmia, the managing director and CEO, India experienced a slightly slower start to the year following multiple years of high growth. He assured that the company’s capacity expansion plans were progressing as expected, with a target of reaching 49.5 million tonnes (MnT) by the end of the fiscal year.

Chief Financial Officer Dharmender Tuteja highlighted that cement demand growth in Q3 fell short of earlier expectations. He noted that the company’s volumes declined by 2 per cent year-on-year, while EBITDA fell by 34.5 per cent year-on-year to Rs 5.11 billion, primarily due to continued softness in cement prices. However, he expressed optimism for the coming quarters, citing improving demand and signs of a positive trend in prices.

During the quarter, the company completed debottlenecking projects at its facilities in Rajgangpur, Odisha (0.6 MnT), and Kadapa, Andhra Pradesh (0.3 MnT), increasing its total clinker capacity to 23.5 MnT. Additionally, it commissioned a 4 MW captive solar power plant in Medinipur, West Bengal, and 46 MW renewable energy capacity under Group Captive, bringing its total operational renewable energy capacity to 252 MW.

Concrete

Gadchiroli Added to JSW’s List in Maharashtra’s Steel City Plan

A significant portion of this investment is likely to be concentrated in Nagpur and Gadchiroli.

Published

3 days ago

January 22, 2025

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On the first day of the World Economic Forum (WEF) at Davos, the state government signed memorandums of understanding (MoUs) worth over Rs 3.35 trillion for industrial investments in Vidarbha. By 8:30 pm (Indian time), the largest deal was secured with JSW Group, involving investment proposals worth Rs 3 trillion, which are expected to create 10,000 jobs. A significant portion of this investment is likely to be concentrated in Nagpur and Gadchiroli.

The Pune-based Kalyani Group, with interests in the defence and steel sectors, also signed an MoU for an investment proposal in Gadchiroli. According to a source from the state’s industries department, there is a possibility that the company will establish a defence production unit there.