India cement news

Ambuja Cements has entered into a binding agreement to acquire a 100% stake in PCIL, moving towards its target capacity of 140 million tpy by 2028.

UltraTech Cement Limited has announced that it has conserved 105 million m3 of water in FY24 making it five times water positive in line with its stated ambition.

The initiative aligns with Dalmia Bharat's growth plans to achieve a total capacity of 110 – 130 million t by 2031.

Consolidated EBITDA improved by 35% y/y to Rs. 16.57 billion. Further, the company reduced net debt by Rs. 3.84 billion y/y to Rs. 40.3 billion, resulting in net debt/EBITDA of 2.4x.

Dalmia Bharat Limited, a leading cement manufacturing company, reported its consolidated financial results for the quarter and year ended 31 March 2024.

To build three new clinker production lines, UltraTech Cement will once again be using vertical roller mill technology from Gebr. Pfeiffer.

Located near the Tuticorin Port, the asset will be value accretive as it will aid in enhancing Ambuja’s coastal footprint across southern markets of Tamil Nadu and Kerela.

This underscores their leading role in green cement production and commitment to achieving Net Zero emissions by 2050.

Ambuja is the only cement company on the list of Top 50 companies contributing to inclusive growth.

UltraTech Cement Limited is commissioning two new greenfield capacities totaling 5.4 million tpy in the states of Chhattisgarh and Tamil Nadu.