- Write by:
-
Monday, June 8, 2020 - 3:06:04 PM
-
1507 Visit
-
Print
Mining News Pro - UltraTech Cement has cuts its capital expenditure budget to around US$130m due to the coronavirus pandemic. Work on its 2.2Mt/yr Cuttack grinding unit, which was scheduled for commissioning in March 2021, has been slowed down.
Upgrades at its West Bengal and Bihar grinding plants are nearly completed and a waste heat recovery system (WHRS) at its UltraTech Nathdwara Cement subsidiary will be completed in the current financial year.
The leading Indian cement producer said that government directives in response to the health crisis had ‘adversely’ affected revenue. Since ‘select’ activities were allowed to re-open from 20 April 2020 and the company says it is now, ‘dispatching cement from all locations.’ It added that the majority of demand was currently coming from retail markets as some institutional projects restart construction. It operates 22 operational integrated plants, 23 grinding units and 6 bulk terminals. The company said that ‘conserving cash’ is its motto in 2020.
Short Link:
https://www.miningnews.ir/En/News/544487
As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India ...
Mining News Pro - India is at an advanced stage of discussions with Argentina to acquire lithium blocks, the country’s ...
Mining News Pro - The world’s biggest coal producer, state-owned Coal India Ltd., is facing a potential three-day strike ...
Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck ...
Mining News Pro - Zambia is close to resolving a dispute with Vedanta Resources over its Konkola Copper Mines, with a ...
Mining News Pro - India’s federal government plans to fix the rate of royalty that mining companies must pay for ...
Mining News Pro - Coal India Ltd., one of the world’s top producers of the fuel, reported a 17% decline in profits ...
Mining News Pro - Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a ...
Mining News Pro - The panic that gripped the diamond world this year is starting to unwind as sanctioned Russian mining ...
No comments have been posted yet ...