Cement News tagged under: india
Orient Cement reports modest decline in income31 January 2020, Published under Cement NewsIndia’s Orient Cement has reported a 1.3 per cent YoY decline in total income to INR5.67bn (US$79.3m) during the 3QFY19-20. However, the company considerably narrowed its net loss to INR56.7m from INR137m. In the nine months to December 2019, total income remained flat YoY at INR17.78bn from INR17.81bn. Meanwhile, it posted a net profit of INR425.2m against a INR144.3m loss during the year-ago period. Elsewhere, the company has also approved the resignation of its CFO, Sushil Gupta, wit... |
JK Lakshmi Cement records 251% surge in net profit30 January 2020, Published under Cement NewsIndia’s JK Lakshmi Cement has seen a 251 per cent YoY surge in its net profit to INR493.1m (US$6.92m) in the October-December 2019 period, compared with INR140.5m in the previous year. Sales rose seven per cent YoY to INR10.05bn from INR9.35bn, while EBITDA advanced 48.5 per cent to INR1.67bn. The improved results were attributed to a reduction in logistic costs and improvements in fuel prices. During the nine months until December 2019, net sales increased 10.1 per cent YoY to INR29.82b... |
Shree Digvijay Cement announces 9% rise in income30 January 2020, Published under Cement NewsIndia’s Shree Digvijay Cement has announced an 8.5 per cent increase in total income to INR1.23bn (US$17.2m) for the 3QFY19-20, compared with INR1.13bn in the year-ago period. Net profit also advanced to INR94.4m from an INR3.6m loss in the year-ago period. In the nine months ending December 2019, income rose 4.2 per cent YoY to INR3.43bn and net profit surged 671.7 per cent to INR332.6m. |
UltraTech Cement sees 80% rise in net profit28 January 2020, Published under Cement NewsIndia's UltraTech Cement (Aditya Birla Group) has posted a 79.8 per cent YoY increase in consolidated net profit to INR7.12bn (US$99.67m) for the 3QFY19-20, while EBITDA rose 25.4 per cent to INR21.41bn. The company has attributed the surge in profit to a higher price realisation and lower energy costs. However, net sales declined 1.2 per cent YoY to INR101.76bn in the December quarter. Cement sales volumes also decreased four per cent YoY to 20.9Mt, impacted by a three per cent fall in do... |
Udaipur Cement returns to profit in the 3QFY19-2027 January 2020, Published under Cement NewsIndia-based Udaipur Cement Works Ltd, a subsidiary of JK Lakshmi Cement Ltd, reported a net profit of INR9.7m (US$135,776) for the third quarter ended 31 December 2019. In the 3QFY18-19 the company posted a net loss of INR120.5m. Income from operations increased 15.1 per cent to INR1.586bn in the 3QFY19-20 from INR1.378bn in the equivalent period of the previous financial year. |
UltraTech Cement commissions Phase I of Bara grinding unit24 January 2020, Published under Cement NewsUltraTech Cement has announced that the Phase I commissioning of its 2Mta grinding unit in Bara, Uttar Pradesh, India. Once fully commissioned, the total capacity of this unit will be 4 Mta. |
Chettinad Cement orders MVR 600 C-6 Gebr Pfeiffer VRM20 January 2020, Published under Cement NewsChettinad Cement has awarded Gebr Pfeiffer the contract to supply a granulated blastfurnace slag and blastfurnace cement grinding plant, which will be set up near the steel works town of Visakapatnam, India. Gebr Pfeiffer SE will supply the core components of the MVR 6000 C-6 vertical roller mill (VRM) as well as the 6700kW gear unit from Europe. Foundation parts, housings and other components will be manufactured in India and delivered to the customer by Gebr Pfeiffer (India) Pvt Ltd, Pfei... |
Mangalam Cement commissions WHR unit16 January 2020, Published under Cement NewsIndia's Mangalam Cement has commissioned new waste heat recovery capacity at its plant in Morak, Rajasthan. The company has initially put 5.15MW into operation. A further 5.85MW is expected to be commissioned during the current quarter (4QFY19-20). |
India sees cement price increase in January13 January 2020, Published under Cement NewsIndia has reported cement price increases in most parts of the country in January, according to market analysts. "Prices have increased by about INR10/bag (US$0.14) (three per cent up from last month) in most parts of the country (according to our channel checks) after declining by about INR30/bag in the last six months," stated analysts from Motilal Oswal Financial Services. Furthermore, producers are expected to post healthy EBITDA growth in their results for the quarter ending Decem... |
Sagar Cements sees production fall 3% in December08 January 2020, Published under Cement NewsIndia’s Sagar Cements has reported a 3.3 per cent YoY fall in cement production to 219,776t for December 2019, compared to 227,247t of the year-ago period. Consolidated cement production and purchase for the month stood at 300,138t, down by 7.6 per cent compared to 324,685t in December 2018. However, the company’s standalone cement sales for December 2019 rose 2.3 per cent YoY to 232,556t from 227,304t. Consolidated cement sales declined 4.3 per cent YoY to 312,132t from 326,272t. |