+
Petcoke use fell in Q4 FY21 amid rising fuel prices
Cement

Petcoke use fell in Q4 FY21 amid rising fuel prices

Indian cement producers reduced the proportion of coal in their fuel mixes in the fourth quarter of FY21 amid rising fuel prices.

According to the media, Ramco Cement company's petcoke use was 41% in the FY2021 compared to FY20 when it was 48%. Dalmia Bharat subsidiary Dalmia Cement has used 52% petcoke into its cement fuel in the fourth quarter of FY21, ended on March 31 as compared to 70% in the third quarter of 2021.

In a similar comparison period, Aditya Birla subsidiary UltraTech Cement reduced its petcoke use from 77% to 30%. The company replaced the fuel with 60% coal, compared to 10% in the third quarter of FY21.

The prices of petcoke are more than double year-on-year to $130 per tonne in the fourth quarter of FY21. The leading cement producers are to switch fuels. The prices of coal have consequently risen by 82% to $100 per tonne. The cement producers depend on the import of both the goods.

As we have reported earlier, cement production fell by 5.5% during February 2021 compared with a 5.8% decline witnessed during January 2020 and a 7.8% increase during February 2020. Slow pick-up in infrastructure projects and waning pent-up demand can be ascribed to a drop in production during the month. Usually, cement production is high during Q4 as construction activities are at its peak.

Image Source


Also read: Cement demand to grow 4-7% in FY22: CARE

Also read: Cement demand may surpass 340 mt in FY22: ICRA

Indian cement producers reduced the proportion of coal in their fuel mixes in the fourth quarter of FY21 amid rising fuel prices. According to the media, Ramco Cement company's petcoke use was 41% in the FY2021 compared to FY20 when it was 48%. Dalmia Bharat subsidiary Dalmia Cement has used 52% petcoke into its cement fuel in the fourth quarter of FY21, ended on March 31 as compared to 70% in the third quarter of 2021. In a similar comparison period, Aditya Birla subsidiary UltraTech Cement reduced its petcoke use from 77% to 30%. The company replaced the fuel with 60% coal, compared to 10% in the third quarter of FY21. The prices of petcoke are more than double year-on-year to $130 per tonne in the fourth quarter of FY21. The leading cement producers are to switch fuels. The prices of coal have consequently risen by 82% to $100 per tonne. The cement producers depend on the import of both the goods. As we have reported earlier, cement production fell by 5.5% during February 2021 compared with a 5.8% decline witnessed during January 2020 and a 7.8% increase during February 2020. Slow pick-up in infrastructure projects and waning pent-up demand can be ascribed to a drop in production during the month. Usually, cement production is high during Q4 as construction activities are at its peak. Image SourceAlso read: Cement demand to grow 4-7% in FY22: CARE Also read: Cement demand may surpass 340 mt in FY22: ICRA

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code