Cement News tagged under: India
Tigers could halt greenfield Reliance cement plant03 June 2021, Published under Cement NewsBirla Corp Ltd's greenfield plant for its Reliance cement subsidiary in Mukutban, Yavatmal district, India, has to wait for a four-member committee to pass wildlife clearance for the project. The company received Stage II clearance from the environmental ministry for the diversion of 467.45ha of forest land. However, the land, which has resident tigers in the area is part of the Tiger Conservation Plan and is subject to the Wildlife (Protection) Act (WPA) of 1972. The report is ex... |
Dalmia Cement (Bharat) Ltd CEO to represent CPLC02 June 2021, Published under Cement NewsMahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Ltd has been invited to represent the prestigious Carbon Pricing Leadership Coalition (CPLC) as Carbon Pricing Champion. CPLC is a voluntary initiative aimed at accelerating climate change by securing the place of carbon pricing on the global agenda . The international group consisting of influential torchbearers of climate change appreciated Mr Singhi for demonstrating leadership and a high level of commitment t... |
Anjani Portland to acquire controlling stake in Bhavya Cements27 May 2021, Published under Cement NewsIndia’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/share). The objective of the deal is to improve the market presence of the company through the addition of a new brand, according to Anjani Portland. Bhavya currently operates around 1.4Mta of cement capacity and has annual revenues in the region of INR3bn. |
Anjani Portland Cement posts 111% rise in profit26 May 2021, Published under Cement NewsIndia’s Anjani Portland Cement has reported a largely stable total income in the full-year period ending 31 March 2021, reaching INR4.14bn (US$56.9m) from INR4.13bn in the FY19-20. However, net profit surged 110.6 per cent YoY to INR849.8m from INR403.5m in the previous fiscal. |
Shree Cement records 22% revenue increase26 May 2021, Published under Cement NewsIndia’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32.18bn in the year-ago period. Net profit advanced 30.5 per cent YoY to INR7.68bn from INR5.88bn. In the full-year period, revenue from operations climbed 5.7 per cent to INR125.88bn from INR119bn in the FY19-20. Net profit surged 40.8 per cent YoY to INR23.12bn. |
India Cements recovers in 4QFY2125 May 2021, Published under Cement NewsIndia Cements has reported a standalone net profit of INR716.3m (US$9.84m) in the final quarter of FY20-21, against a net loss of INR1.11bn in the corresponding period of the previous fiscal. Net income advanced 24.9 per cent YoY to INR14.61bn from INR11.69bn. In the full-year period, the company’s EBITDA was up 35 per cent YoY to INR8.3bn from INR6.13bn in the FY19-20. Profit after tax also improved to INR2.22bn from a loss of INR360m. |
Ramco Cements posts 47% rise in net profit25 May 2021, Published under Cement NewsIndia’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. Net revenue advanced 17 per cent YoY to INR16.40bn from INR14bn in the 4QFY19-20, while EBITDA increased 58 per cent from INR2.91bn to INR4.59bn. Ramco’s cement sales were also up to 3.21Mt from 2.93Mt. However, in the full-year period, cement sales declined 11 per cent YoY to 9.98Mt from 11.2Mt. Revenue decreased 1... |
OPGC to supply fly ash to ACC Ltd25 May 2021, Published under Cement NewsFollowing the supply of fly ash to Star Cement Ltd located in Assam, Odisha Power Generation Corp Ltd (OPGC) has commenced dispatch of fly ash to ACC Ltd. About 3450t of fly ash was dispatched last Saturday after a railway rake was loaded from the dry ash silos system of OPGC and transported to the cement plant of ACC Ltd lLafargeHolcim group) located at Jhinkpani in West Singhbhum, Jharkhand. The OPGC has three dry fly ash silos and associated systems with a capacity of 2300t eac... |
JK Lakshmi Cement reports 37% rise in net profit21 May 2021, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs like petcoke, diesel, fly ash and gypsum, JKLC has improved its profitability on account of substantia... |
Indian demand set to decline 20% in June quarter19 May 2021, Published under Cement NewsIndian cement demand in the April-June 2021 quarter is expected to drop by 20 per cent as a result of localised restrictions related to COVID-19 cases in the country, according to Fitch Ratings. Cement demand from rural housing is expected to decrease by a larger extent as it is more dependent on individual customers. Consumption from other segments, such as urban housing, infrastructure and commercial construction, is likely to be less affected. The input costs for petcoke, imported c... |