Cement News tagged under: India
Sika continues Indian expansion03 July 2023, Published under Cement NewsSika is opening a new plant in Kharagpur, eastern India, as it continues to expand its production capacity in the Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100m inhabitants. Alongside state-of-the-art manufacturing lines, the new factory includes office space, laboratories, and warehousing and logistics. Sika now has twelve manufacturing facilities in India and h... |
Ramco Cement commissions Line 3 at Raja Nagar30 June 2023, Published under Cement NewsRamco Cements has commissioned Line 3 at its Ramamasamy Raja Nagar plant in Tamil Nadu, India. This marks the first integrated cement line in the region in the last 15 years, according to Construction Week. Commissioned one month ahead of schedule, the new line’s electricity requirement will be met from Ramco’s own wind farm. Line 3 will not only produce Ramco’s special cement, Ramco 53 Infra Super, used for high-tech concrete structures, which reduces the use of admixtures and the qu... |
Birla Corp targets 15% sales volume growth in FY23-2430 June 2023, Published under Cement NewsIndia’s Birla Corp Ltd (BCL) has forecast sales volume growth of 15 per cent in FY24, on the back of infrastructure investment and ongoing government projects. The company reported 11 per cent growth in sales volumes in FY22-23 to 15.73Mt, reports BusinessLine Online. Further expansion in FY23-24 will be driven by projects, such as the Indian government's affordable housing initiative, Pradhan Mantri Awas Yojana, which is perfectly placed for BCL, which primarily operates in the rural m... |
Ambuja Cement reports revenue of US$4746m29 June 2023, Published under Cement NewsAmbuja Cement , part of the Adani Group , has reported revenue from operations of INR389,370m (US$4746m) in FY22-23. EBITDA came in at INR58,600m, with an EBITDA margin of 15 per cent, while profit before tax stood at INR37,290m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit after tax was reported as INR3... |
ACC reports revenue of US$2706m29 June 2023, Published under Cement NewsIndian cement producer ACC Ltd has reported revenue from operations of INR222,100m (US$2706m) in FY22-23. EBITDA came in at INR22,560m, while profit after tax stood at INR8700m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit before tax was reported as INR11,820m while earnings per share were INR46 over the sam... |
UltraTech Cement listed in 'Best of Indian Brands 2023'28 June 2023, Published under Cement NewsUltraTech Cement Ltd has ranked 28th in Interbrand’s ‘Best Indian Brands 2023’ ranking list. UltraTech is the only cement brand to be featured in the 2023 list. Interbrand, a leading global brand consultancy firm, recently unveiled the ‘Best Indian Brands 2023’ rankings. UltraTech has been one of the only few brands that has been part of the Best Indian Brands table since its inception in 2014. As per Interbrand’s report, UltraTech has maintained its position in the Best Indian Brands l... |
Adani Group rebuilds investor confidence27 June 2023, Published under Cement NewsThe Adani Group, which owns Ambuja Cements and ACC Ltd , is reportedly targeting 20 per cent YoY growth in pretax profits to INR900,000m (US$10,971m) within the next 2-3 years. According to Live Mint, the growth is expected to come from various sectors, including cement, airports, energy, logistics and power. The group has recently repaid loans amounting to US$2.65bn as part of a prepayment programme to reduce overall leverage and regain investor confidence following a negative report by ... |
Ambuja Cements and ACC scoop sustainability awards26 June 2023, Published under Cement NewsAmbuja Cements and ACC , part of the Adani Group , have been recognised among ‘India's Top 50 Most Sustainable Companies’ by BW Businessworld. Ambuja Cements has also been named among ‘India’s Top 3 Most Sustainable Companies in the Infrastructure and Engineering Sector’ on the back of its “dedication to sustainability and outstanding success”, according to the company. Ajay Kapur, CEO, cement business, said, “We are immensely proud that both Ambuja and ACC have been recognised among... |
UltraTech Cement Ltd ranked No1 for Sustainability23 June 2023, Published under Cement NewsUltraTech Cement Ltd has been ranked No1 in Sustainability in the Infrastructure and Engineering sector in Sustain Labs Paris and BW Businessworld’s India's Most Sustainable Companies list for the 2022-23. UltraTech has seen an improvement in its overall position in the India’s Most Sustainable Companies ranking. From being ranked No 15 in 2021-22, the company has improved two positions to No 13 in 2022-23. This improved ranking is a recognition of the significant progress made by Ul... |
Barak Valley Cements announces resignation23 June 2023, Published under Cement NewsIndia-based Barak Valley Cements Ltd has announced the resignation of director, Dhanpat Ram Agarwal, with immediate effect, reports Dow Jones Newswire. Mr Agarwal is leaving the company “on account of personal reasons and other professional commitments”, according to the company. |