Cement News tagged under: India
Ramco Cements reports rise in revenue in 2021-2220 July 2022, Published under Cement NewsThe Ramco Cements Ltd has reported revenue of INR60.1bn (US$752.3m) in the FY21-22, compared to INR53.03bn in FY20-21. Net profit over the same period has advanced from INR7.61bn to INR8.93bn, while EBITDA has fallen from INR15.82bn to INR13.14bn. In terms of costs, power and fuel accounted for the greatest share in the FY20-22 at 23 per cent, up from 15 per cent in the FY20-21. All other costs remained stable with freight and forwarding expenses accounting for 20 per cent in the FY21-22, ... |
ACC Ltd posts 15% YoY increase in revenue15 July 2022, Published under Cement NewsACC Ltd has posted revenue of INR44.68bn (US$557.9m) in the quarter ended 30 June 2022, compared to INR38.85bn in the same period a year earlier, an increase of 15 per cent YoY. Profit over the same period fell from INR5.34bn to INR2.22bn. Meanwhile, total expenses advanced from INR31.69bn to INR42.21bn with fuel and power costs increasing from INR8.29bn to INR13.1bn. In the half year ended 30 June 2022, revenue came in at INR88.94bn, up from the INR81.76bn posted in the same period a yea... |
10 UltraTech mines receive five-star sustainable management awards14 July 2022, Published under Cement NewsTen of UltraTech Cement Ltd’ s limestone mines have been awarded a five-star rating for sustainable mine management in FY20-21 by the Ministry of Mines and Indian Bureau of Mines. UltraTech was awarded the ratings at the felicitation ceremony held at the 6 th National Conclave on Mines & Minerals (NCMM) on 12 July 2022 in New Delhi. Conceptualised by the Ministry of Mines, the star ratings are based on adoption of best practices for implementation of Sustainable Development Framew... |
Sagar Cements and Dalmia Cement express interest in Andhra Cements13 July 2022, Published under Cement NewsSagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to The Economic Times. Andhra Cements, part of the Jaypee Group, currently runs two plants in India located in Dachepalli and Visakhapatnam. In the quarter ended 31 March 2022 the company incurred a loss of INR683.1m (US$8.5m), compared to the same period a year earlier. The loss for the financial year ended 31 March ... |
Nepal makes export debut to India11 July 2022, Published under Cement NewsNepal has exported cement to India for the first time. According to Palpa Cement Industries Ltd, the company shipped 3000 sacks of its Tansen brand to India on 9 July 2022 and will be exporting there on a daily basis as per demand going forward. Although Nepali cement products face stiff price competition in India, demand for PPC cement is high in the Indian market, compared to OPC cement. Palpa Cement believes cement exports could reduce Nepal's trade deficit with India by 15 per cent, r... |
Shree Cement targets improved distribution07 July 2022, Published under Cement NewsShree Cement , India's country’s third-largest cement group, plans to increase its share in its existing markets by offering varied products based on requirements of different customers and improving distribution as a short-term goal. “We are envisioning an increase in installed capacity to 80Mta by 2030, exploring new geographies through both the organic and inorganic routes,” Prashant Bangur, joint managing director, Shree Cement, told shareholders in the company’s annual report for F... |
RCC Cements MD resigns05 July 2022, Published under Cement NewsSunil Kumar has tendered his resignation from his role as managing director of New Delhi-based RCC Cements Ltd, according to a letter to the Bombay Stock Exchange dated 4 July 2022. The letter will now be placed before the Board of Directors for consideration, reports Reuters. |
UltraTech Cement stalls on plant purchase04 July 2022, Published under Cement NewsUltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Economic Times. Both companies agreed that the final date for payment for the plant would be 30 June 2022... |
UltraTech Cement pays for Russian coal shipment in yuan30 June 2022, Published under Cement NewsUltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, reports The Hindu. The news is being described by one Singapore-based trader as "significant" as it... |
Nuvoco Vistas to open 1.2Mt grinding plant29 June 2022, Published under Cement NewsNuvoco Vistas Corp Ltd , India's fifth-largest cement group, is planning to set up a 1.2Mta grinding plant at its existing works in Bhiwani , Haryana, as part of its expansion in the North region of the country. According to the company, the new grinding facility will aid full utilisation of clinker production in the region. Its flagship brands - Concreto, Duraguard and Double Bull - offer a mix of products across all price points, with Double Bull the fastest growing cement brand in th... |