Cement News tagged under: Indian sub-continent
UltraTech Cement decreases CO2 intensity by 9% in FY2021-202227 July 2022, Published under Cement NewsUltraTech Cement ( Aditya Birla group ) has released its 2021-22 Sustainability Report. The company claims that in FY2021-2022 it decreased its CO 2 intensity by 9.1 per cent at 551.86kg CO 2 /t of cementitious materials produced. This resulted in achieving 15.1 per cent of Scope 1 intensity target against the target of 27 per cent reduction target by 2032 from the 2017 baseline. Greenhouse gas emissions totalled 195kg CO 2 /m 3 for concrete production. UltraTech Cement now has a re... |
UltraTech Cement Ltd reports net sales of INR150,070m in 1QFY2325 July 2022, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 30 June 2022 with consolidated net sales of INR150,070m (US$1.88bn) versus INR116,980m over the corresponding period of the previous year. After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity. Profit before interest, depre... |
UltraTech Cement expected to report 29% fall in profit22 July 2022, Published under Cement NewsUltraTech Cement is expected to report a 29 per cent YoY drop in net profit to INR12,140m (US$151.9m) for the three months ended 30 June 2022, compared to INR17,000m in the same quarter a year earlier. According to The Economic Times, the fall is due to a 10-15 per cent YoY surge in power and fuels costs, as petcoke and thermal coal prices remain elevated, along with an estimated 5-7 per cent uptick in freight costs. Revenue for the quarter is expected to come in at INR142,380m, up 2... |
Grasim Industries to set up building materials e-commerce platform21 July 2022, Published under Cement NewsGrasim Industries, the flagship company of the Aditya Birla Group , is investing INR20,000m (US$250m) in a B2B e-commerce platform for building materials. The platform will primarily focus on micro-, small- and medium-sized enterprises in the building materials segment with the potential to extend into other relevant categories, reports the Financial Express. The key value proposition would be an integrated procurement solution, including on-time delivery and a superior product range at ‘... |
Ambuja Cement reports 18% revenue growth20 July 2022, Published under Cement NewsAmbuja Cement has reported revenue of INR39.58bn (US$495.2m) in the April-June 2022 quarter, compared to INR33.42bn in the same quarter a year earlier. EBITDA over the same period fell from INR9.6bn to INR6.85bn, impacted by a significant rise in fuel prices, although this has been partly mitigated by the company's efficiency initiatives under its 'I CAN' programme. Total expenses expanded from INR25.65bn in the April-June 2021 quarter to INR34.87bn in the same quarter this year, with power ... |
FY22 ends with mixed export dispatches from Pakistan20 July 2022, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for July 2021-June 2022. Both value and quantity of exports plummeted during this period when compared with the equivalent months in FY20-21, apparently due to local and external issues. Pakistan's cement industry in 12MFY21-22 earned US$223.99m of export revenue by dispatching 5.733Mt of cement and clinker overseas, compared to US$267.91m from 7.815Mt of exports in the year-ago period. The export figures... |
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... |
Kohat Cement plans a 10MW solar power plant in Punjab14 July 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years. Financial performance Total dispatches for July-March 2021-22 stood at 2.85Mt compared 1.75Mt in the corre... |
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... |