Cement News tagged under: Indian subcontinent
Pakistan cement dispatches fall 19% in October07 November 2022, Published under Cement NewsCement dispatches in Pakistan fell for the fourth month in a row in October, coming in at 4.25Mt, compared to 5.22Mt in October 2021, down 18.5 per cent. According to the All Pakistan Cement Manufacturers Association, local dispatches declined 15.5 per cent YoY from 4.6Mt in October 2021 to 3.89Mt in the same month this year. Exports fell by 40.7 per cent over the same period from 611,378t to 362,350t. Cement mills based in the north of Pakistan dispatched 3.27Mt of cement in October thi... |
Adani Enterprises posts three-fold rise in revenue07 November 2022, Published under Cement NewsAdani Enterprises Ltd has posted a three-fold rise in revenue in the second quarter of FY22-23. Revenue for the three-month period came in at INR387,150m (US$4694m), compared to INR132,180m in the 2QFY21-22. EBITDA over the same timeframe advanced by 69 per cent to INR21,360m, while profit after tax improved by 117 per cent to INR4610m, reports The Times of India. Led by Asia’s richest person, Gautam Adani, the company has made inroads into the infrastructure and cement manufacturing se... |
Fuel and power costs hit profits at JK Lakshmi Cement07 November 2022, Published under Cement NewsIndia-based JK Lakshmi Cement Ltd has reported consolidated revenue from operations of INR13,735m (US$166.9m) in the quarter ended 30 September 2022. This compares to INR16,541m in the previous quarter and INR12,088m in the same quarter a year earlier. EBITDA in the September 2022 quarter came in at INR1835m, versus INR2637m in the previous quarter and INR2116m in the same quarter in 2021. Net profit after tax fell from INR872m in the quarter ended 30 September 2021 to INR617.9m in the ... |
Gujarat Sidhee Cement sees fall in revenue04 November 2022, Published under Cement NewsIndia’s Gujarat Sidhee Cement Ltd has reported unaudited revenue from operations of INR1422m (US$17.16m) in the quarter ended 30 September 2022, down from INR1663m in the same period a year earlier. Profit over the 2022 three-month period posted a loss of INR154m, compared to a loss of INR0.8m in the same quarter in 2021. Basic earnings per share over the 2022 quarter came in at -INR1.73, versus -INR0.01 in the comparable period in 2021. In the half year ended 30 September 2022, revenu... |
Sagar expects Andhra outcome before end of 202203 November 2022, Published under Cement NewsSagar Cements expects to announce the outcome of its bid to acquire Andhra Cements before the end of December 2022. Sagar currently has a production capacity of 8.25Mta but hopes to expand this to 10Mta by FY24-25. Andhra Cement would bring with it 1.8Mta of cement capacity and 1.65Mta of clinker capacity. According to a report in BusinessLine Online, Sagar Cements is fully prepared for the acquisition to go through. "We are fully funded from Andhra perspective. We took a INR500 odd cro... |
Saurashtra Cement sees revenue decline 13% YoY03 November 2022, Published under Cement NewsIndia’s Saurashtra Cement Ltd has reported consolidated revenue from operations of INR1864m (US$22.5m) in the quarter ended 30 September 2022. This compares to INR2145m in the previous quarter and INR1775m in the same quarter a year earlier. In the six months ended 30 September 2022, revenue from operations came in at INR4010m, up from INR3425m in the same period a year ago. In terms of profit, the quarter under review saw a net loss of INR225m, compared to a loss of INR10.2m in the prev... |
Fauji Cement commissions Nizampur Line 328 October 2022, Published under Cement NewsFauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange that on 27 October it successfully commissioned the third production line at its existing plant in Kahi Village, Nizampur, Khyber Pakthunkhwa. The new line has a clinker production capacity of 6500tpd. The project will bring the total cement production capacity of FCCL to more than 8.4Mta, according to Company Secretary, Brig Abid Hussain Bhatti. The project was completed within planned time and budget. |
Lucky Cement reports Pezu expansion on track28 October 2022, Published under Cement NewsLucky Cement Ltd announced that the company’s 3.15Mt brownfield cement expansion at Pezu remains on track to be commissioning by December 2022. A 34MW solar power project is set to be commissioned at the site in the 2Q22-23. The company has also planned a 25.3MW solar power project it its Karachi plant, where it awaits permission from the State Bank of Pakistan to establish a letter of credit. Lucky Cement’s subsidiary in Najmat-Al-Samawah, Iraq, has switched to natural gas from furnace... |
Pakistani producers to expand cement capacities26 October 2022, Published under Cement NewsIn a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizampur, Khyber Pakhtunkhwa, have recently commenced trial operations. As both plants are located in the ... |
HeidelbergCement Bangladesh sees rising sales cost in 9M2226 October 2022, Published under Cement NewsHeidelbergCement Bangladesh Ltd, owned by HeidelbergMaterials, announced its financial results for the 9M22 period on 18 October. It posted a loss of BDT241.3m (US$2.3m0 during this period compared to the profit of BDT558.5m earned in the corresponding period in the last year, according to the company’s regulatory filing to the local bourse. The company's net sales/revenue increased by 1.1 per cent to BDT12.80bn, but the cost of sales also increased to BDT12.22bn from BDT11.09bn ... |