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Scholarship programme launched for Lakki Marwat students

Lucky Cement Limited has launched a scholarship programme for the intermediate students of district Lakki Marwat, a statement said.

Under this programme, the eligible students can apply for a full scholarship of Intermediate, where the company will cover the tuition fee expense of the selected students.

This will be the second batch of students who will be able to apply for the intermediate scholarships.

Students residing permanently and holding domicile of district Lakki Marwat can apply for the programme.

The aim of the programme is to make education accessible and affordable for deserving students especially from the rural areas regardless of their financial background.

Continuing with its long-term vision to provide merit-based support for the deserving and less privileged segments of society, the company has granted a number of scholarships to various students at leading universities in Pakistan.

Lucky Cement, in order to empower women through education, has been supporting two leading government girls’ schools in Karachi, which have been transformed into model girls’ educational institutions in collaboration with a non-governmental organisation (NGO).

Earlier, the company launched a series of dedicated scholarship programmes for vocational training, graduate and undergraduate programmes as well as for intermediate.

The annual dedicated scholarship programmes aim to empower rural youth through skill development and education.

Dalmia Cement (Bharat) commences commercial production at Murli

Dalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India.

The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned around in a record time of 15 months from its acquisition under the Insolvency and Bankruptcy Code (IBC) process.

With this, DCBL has added 2.9Mta cement capacity to the company’s overall installed capacity. Its installed cement capacity has now grown to 35.9Mta.

In addition, DCBL has unveiled its long-term growth and investment strategy to expand its installed cement capacity across the nation to 110-130Mta by 2031. The growth strategy is being executed through a mix of organic and inorganic opportunities with an inclination towards a more planned and cost-effective organic route. DCBL is the the fourth-largest cement manufacturing group in India by installed capacity.

Two Pakistan cement plants complete power projects

Attock Cement Pakistan Ltd (ACPL) and Flying Cement Co Ltd (FCCL) have both opened new power plants in Pakistan.

ACPL informed the Pakistan Stock Exchange that its 20MW solar power plant project has been completed at Hub Chowki, Lasbella in Baluchistan. According to ACPL Company Secretary, Irfan Amanullah, the solar power project was implemented at an estimated cost of PKR1.8bn (US$10.19m) in collaboration with lead consultant Attock Energy Pvt Ltd and leading Chinese suppliers.

Meanwhile, Flying Cement Co Ltd also told the stock exchange that it has successfully started commercial operations of its 12MW captive power plant at its site in Khushab district, Punjab. Shahid Ahmad Awan, FCCL’s company secretary, said, “This is a significant milestone achieved by the company in line with its strategic objectives of cost rationalisation and optimisation resulting lower dependency on Pakistan Water & Power Development Authority’s (WAPDA) power supply. Under this, the company is contemplating saving in energy cost up to 30 per cent compared to WAPDA’s surging tariff, which would positively reflect the overall financial performance and profitability.”

Saudi Qassim Cement to hire consultant for 30-MW solar project

Saudi Arabia’s Qassim Cement Company (TADAWUL:3040) will mandate a consulting firm to help with the preparations for a 30-MW solar plant at its site in the northcentral city of Buraydah as the cement maker seeks to reduce its carbon footprint.

The consulting firm will define the scope of work and qualify the competitors for the implementation of the project, Qassim Cement said on Thursday.

The electricity generated by the plant will be added to the current energy sources that power the production site in Buraydah which will reduce its carbon emissions and cut electricity costs. The financial impact of the project is still unknown.

Based in Buraydah, Qassim Cement produces about 4 million tonnes of cement annually. The company will invest SAR 152 million (USD 40.53m/EUR 35.76m) to build a cement mill at its plant in Buraydah with a capacity of 300 tonnes.

The company’s solar project aligns with Saudi Vision 2030. The kingdom, which is the world’s largest oil exporter, announced in October that it targets to reach net-zero emissions by 2060 and became the second country in the region to make such a commitment after the United Arab Emirates.

(SAR 1.0 = USD 0.266/EUR 0.235)

Umm Al-Qura Cement Company granted limestone exploration license

Umm Al-Qura Cement Company, Saudi Arabia, announced the issuance of an exploration license for limestone on 28 December 2021 from the Ministry of Industry and Mineral Resources.

The license location is situated between Taif and Radwan.

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 10/19/1441 AH and its executive regulations.

The company will carry out the necessary exploratory studies on the new quarry during the statutory period to ensure the availability of the required raw materials.

Qassim Cement to establish new cement mill at Buraydah

Qassim Cement, Saudi Arabia, has entered into a preliminary agreement with the Chinese company, for the engineering, supply and construction of a new cement mill to be installed at the company’s Buraydah cement plant.

The new mill will have a replacement capacity of 300tph.

The agreement includes the supply of mechanical and electrical equipment, including design and supervision of civil works, installations and commissioning test.

The company said in a bourse filing that the implementation period for the SAR152m worth project is 15 months.

Detailed contracts are now being prepared, which are expected to be signed by mid-January 2022.