Concrete

New appointments at India Cements

Published

4 weeks ago

January 15, 2025

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India Cements has announced the appointment of Suresh Vasant Patil as Chief Executive Officer (CEO) and Krishnagopal Ladsaria as Chief Financial Officer (CFO), effective January 1, 2025. At its board meeting, the company approved the appointments based on recommendations from the nomination and remuneration committee. Suresh Vasant Patil currently oversees UltraTech Cement’s ready-mix concrete, key accounts, and building products division. Krishnagopal Ladsaria previously served as CFO at Century Enka, an Aditya Birla Group-listed company.

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Concrete

ACC Barmana Plant Fails Environmental Compliance

The plant has 11 air pollution control devices.

Published

4 hours ago

February 11, 2025

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A National Green Tribunal (NGT) joint committee has identified environmental compliance failures at Adani Group’s ACC Ltd Barmana Cement Works (Gagal), Himachal Pradesh.

The report cited dust emissions from clinker, ash, and cement silos, inadequate safeguards against accidental discharges, and insufficient protection for local residents from dust pollution. It also noted the lack of an oil and grease removal mechanism in wastewater from truck washing and the absence of a mandated three-layer tree plantation to mitigate air and noise pollution.

The plant has 11 air pollution control devices, including 109 bag filters and two ESPs, but is currently operating at 25% utilisation due to an annual maintenance shutdown. Mining and crushing operations remain suspended.

(cemnet)

Concrete

Shree Cement Launches Bangur Marble Cement in Ranchi

The product was launched in Ranchi, Jharkhand.

Published

4 hours ago

February 11, 2025

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Shree Cement has introduced Bangur Marble Cement, a premium PSC cement under its Bangur Cement brand, offering high brightness, superior strength, and crack resistance. Designed for exposed concrete structures, it ensures durability and an imposing aesthetic.

The product was launched in Ranchi, Jharkhand, and will soon be available in Bihar, West Bengal, and other states. It will be distributed through over 2,000 retailers, with in-store product demonstrations highlighting its unique features.

Bangur Marble Cement incorporates GGBS, a steel manufacturing by-product, making it eco-friendly and highly durable while reducing the environmental footprint. Shree Cement is also adopting a digital-first approach to reach consumers, setting a new trend in the cement industry.

This launch expands Bangur Cement’s premium lineup, which includes Jungrodhak, Rockstrong, Powermax, Magna, and Roofon.

(Construction Week Online)

Concrete

Ramco Cements plans Rs 12 bn capex for FY26 and advances Rs 10 bn sale

Ramco Cements reported a profit after tax of Rs 3.25 billion.

Published

1 day ago

February 10, 2025

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Ramco Cements has announced a capital expenditure (capex) plan of Rs 12 billion for the next fiscal year, maintaining its guidance for FY25. The company has raised Rs 4.43 billion this fiscal through the sale of non-core assets.

During the third quarter of the current fiscal, Ramco Cements incurred a capex of Rs 2.56 billion, bringing the total spending for the first nine months to Rs 8 billion. The company has set a target of monetizing Rs 10 billion worth of non-core assets and has realized Rs 4.43 billion so far, with an additional Rs 100 million received as advances for assets nearing finalization.

The funds generated from these asset sales have been utilised to reduce debt, bringing the company’s net debt to Rs 46.16 billion as of December 31, 2024. In Q3FY25 alone, debt reduction amounted to Rs 4.87 billion.

Ramco Cements remains on course to achieve a cement production capacity of 30 MTPA by March 2026. This expansion includes the commissioning of a second production line in Kolimigundla, capacity enhancements through de-bottlenecking, and additional grinding facilities. A railway siding at Kolimigundla is scheduled for commissioning in March 2025.

The company is also investing in sustainable energy initiatives, with a 10 MW Waste Heat Recovery System (WHRS) at RR Nagar expected to be operational by June 2025 and a 15 MW WHRS unit at Kolimigundla set to be commissioned alongside Kiln Line-2 by March 2026. A new construction chemicals unit in Odisha is expected to be ready before March 2025. Land acquisition for a greenfield project in Karnataka has progressed, with 53 per cent of mining land and 13 per cent of factory land secured.

For Q3FY25, Ramco Cements reported a profit after tax of Rs 3.25 billion, significantly higher than Rs 930 million in the previous year, primarily due to an exceptional income of Rs 3.29 billion from asset sales. Net revenue declined by 6 per cent year-on-year to Rs 19.88 billion due to a 14 per cent drop in cement prices.

Total sales volume, including construction chemicals, increased by 9 per cent to 4.37 million tonne. Cement capacity utilization saw a slight improvement to 75 per cent in Q3FY25 from 74 per cent in Q3FY24. However, EBITDA declined by 28 per cent to Rs 2.91 billion due to weaker cement prices, despite cost reductions from lower fuel prices and improved manufacturing efficiency.

News source: Hindu Businessline