Cement News tagged under: Burnpur Cement
Burnpur Cement posts net loss of INR31.2m in 4QFY18-1920 May 2019, Published under Cement NewsIndian cement producer Burnpur Cement has reported a net loss of INR31.2m (US$448,725) in the fourth quarter of FY18-19. This compares to a net loss of INR39.5m posted in the previous year’s quarter ended March 2018. Sales rose 29.1 per cent YoY to INR240.2m from INR18.61m. For the full financial year, net loss came down to INR126.7m in FY18-19 from INR444.9m in FY17-18. Sales increased 106.3 per cent to INR867.6m in the FY18-19 from INR420.6m in the previous financial year. |
Burnpur Cement reports 61% revenue increase18 January 2019, Published under Cement NewsIndia’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY. Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m fr... |
Burnpur Cement reports net loss of INR441m in Apr-Jun quarter16 August 2018, Published under Cement NewsIndia’s Burnpur Cement reported a net loss of INR44.1m (US$0.629) in the quarter ended 30 June 2018. In the year-ago period the cement producer saw a net loss of INR334.2m. Burner’s sales reached INR195.9m in the April-June quarter. |
Burnpur Cement announces net loss in FY1830 May 2018, Published under Cement NewsIndia’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore, sales increased 419.8 per cent to INR186.1m from INR35.8m. In the full-year FY18 period, the company recorded a INR444.9m net loss (FY17: INR597.7m). However, sales decreased 43.4 per cent to INR420.6m (FY17: INR743.4m). |
State Bank of India may take five companies to NCLT14 March 2018, Published under Cement NewsBurnpur Cement and four Patni Group entities may be brought to the National Company Law Tribunal (NCLT) by the State Bank of India (SBI) for insolvency proceedings, according to The Economic Times. The Patni Group has defaulted on INR30bn (US$462.17m) of unpaid loans and dues, while Burnpur has defaulted on INR2.5bn. SBI has not commented on the allegations that it will take the borrowers to court. The bank currently accounts for the highest amount of gross non-performing assets in the cou... |
India: Burnpur Cement to launch new PPC product21 February 2017, Published under Cement NewsBurnpur Cement Ltd has informed BSE that the management has decided to launch new Pozzolan Portland Cement (PPC) from its Patratu plant by the third week of April 2017. After the production of PPC, the capacity utilisation of the plant will be running at 100 per cent and the turnover of the company is forecast to increase. |
India: Burnpur Cement blames demonetisation for repayment failures10 January 2017, Published under Cement NewsBurnpur Cement has declared its inability to repay bank loans on Saturday due to demonetisation as its repayments had turned “irregular” with lenders because of “depressed” market conditions. Located in eastern India, Burnpur Cement is looking to raise its production capacity from 0.6Mta to 3Mta, split between two units, at a cost of INR5000m (US$73.3m). The company made a regulatory filing at the weekend and said it had fallen behind on repayments because its cash flow was impacted by dem... |
India: Burnpur Cement to invest INR5bn in capacity expansion05 May 2016, Published under Cement NewsIndian cement producer Burnpur Cement plans to invest INR5bn (US$75m) to expand its production capacity to 3Mta by 2020. "Presently, our installed capacity stands at 0.6Mta and we are planning to enhance the capacity to 3Mta in the coming 3-4 years," said the company's vice chairman and managing director, Ashok Gutgutia. Burnpur Cement currently operates two 0.3Mta plants – one in Asansol, West Bengal, and the other in Patratu, Jharkhand. The company plans to build a 2Mta greenfield works ... |
Burnpur Cement inaugurates Jharkhand plant, India14 July 2015, Published under Cement NewsBurnpur Cement's 800tpd cement plant in Patratu was yesterday inaugurated by Raghubar Das, chief minister of Jharkhand state, India. Addressing the gathering Burnpur Cement director, Ashok Gutgutwa, said the plant is based on dry-process technology. It is situated close to Patratu Thermal Power Station and within 10-15km of limestone deposits. It will produce OPC, PPC and Portland Slag Cement (PSC). |
Burnpur commences trial production of Jharkhand grinding unit26 May 2015, Published under Cement NewsBurnpur Cement has commenced the trial production from its new grinding unit at Patratu in state of Jharkhand, India, on 23 May 2015. Fully-fledged production will start next month. The company has clarified that only its grinding unit is ready to start the production. Trial production from its clinker unit will take some more time as it is still under construction. |