Cement News tagged under: Star Cement
Star Cement begins production at new clinker line25 April 2024, Published under Cement NewsStar Cement has commenced production at its new clinker line in Lumshnong, Meghalaya, India, with effect from 21 April. The new line has a clinker production capacity of 3.3Mta. Also located in Lumshnong is Star Cement’s 1.67Ma integrated cement plant, reports Projects Today. The company also has two grinding units – a 2Mta plant in Sonapur , near Guwahati, and a 2Mta works at Mohitnagar in West Bengal – along with an integrated works at Siliguri . |
CEMEX and Star Cement collaborate to recycle concrete waste03 October 2023, Published under Cement NewsCEMEX UAE , has signed a cooperation agreement with Star Cement Co LLC, a wholly-owned subsidiary of UltraTech Cement Ltd , India which aims to recycle concrete waste in the construction industry. Through the partnership, the companies will deploy new solutions to manage and reuse concrete waste by using advanced and environmentally-safe practices. Furthermore, CEMEX will provide low-carbon by-products to Star Cement , helping it to reduce the carbon footprint of the built environment.... |
What will prompt faster decarbonisation?02 June 2023, Published under Cement NewsThis week the Alliance for Low-Carbon Cement and Concrete (ALCCC) published its latest report on 'fast-tracking cement decarbonisation'. The document looks at underperforming and reaching performance-based standards for decarbonisation. The issue with today's cement industry standards is that they are not designed for a quick entry of low-carbon cement. "Safe and low-carbon solutions already exist but need market access through environmentally ambitious standards and policies," says ALCCC... |
Star Cement reports 27% rise in 3Q net profit06 February 2023, Published under Cement NewsIndia-based Star Cement saw its net profit increase by 27 per cent YoY to INR303m (US$3.67m) for the quarter ended 31 December 2022 (3QFY22-23). Net revenue advanced by 15.4 per cent to INR6234.9m in the October-December 2022 quarter when compared with INR5400.9m in the year-ago quarter. Operating expenses in 3Q22 were up by 10.8 per cent to INR5582.8m from INR5040.5m in the 3Q21. Operating profit surged by 81 per cent to INR652.2m in the 3Q22 when compared with INR360.3m reported in ... |
Star Cement net profit falls QoQ16 November 2022, Published under Cement NewsStar Cement has posted revenue from operations of INR5958m (US$73.6m) in the quarter ended 30 September 2022. This compares to INR6587m in the previous quarter and INR4102m in the quarter ended 30 September 2021. Net profit attributable to shareholders of the company came in at INR235.5m in the September 2022 quarter, down from INR413m in the previous quarter but up from INR229m in the year-ago period. Basic earnings per share came in at INR0.58 in the quarter ended 30 September 2022, m... |
UAE climate change ministry signs AF deal with cement companies14 October 2022, Published under Cement NewsThe UAE Ministry of Climate Change and Environment and Emirates RDF have signed Memoranda of Understanding (MoUs) with four cement companies – Fujairah Cement Industries , JSW Cement , Lafarge Emirates Cement and Star Cement – that will enable the cement producers to use alternative fuel (AF) generated from municipal solid waste (MSW) treated by Emirates RDF. A joint venture between Besix, Griffin Refineries and Tech Group Eco, Emirates RDF operates a plant in Umm Al Qaiwain, the fi... |
Star Cement invests in new capacity07 June 2022, Published under Cement NewsStar Cement is planning to invest INR17,000-18,000m (US$218.9m-231.8m) over the next two years, in response to robust demand from the infrastructure and real estate sectors. The company currently operates two clinker units in Meghalaya with a total capacity of around 2.75Mta. A new clinker unit, costing INR10,000m, will add a further 3Mta of clinker capacity taking total production capacity to 5.75Mta. According to BusinessLine Online, the new unit is due to be operational by April 2024. ... |
Star Cement posts 3% revenue increase03 November 2021, Published under Cement NewsIndia’s Star Cement has posted a standalone net profit of INR229.4m (US$3.07m) in the quarter ending 30 September, falling 39.8 per cent YoY from INR381.2m in the same period of the previous fiscal. However, net revenue saw a modest improvement of 3.4 per cent to INR3.98bn from INR3.85bn. |
Star Cement reports 50% growth in profit17 August 2021, Published under Cement NewsIndia’s Star Cement has seen its standalone net profit grow 50.4 per cent YoY in the quarter ending 30 June 2021, increasing to INR541.8m (US$7.3m) from INR360.3m. Net revenue was up 76.7 per cent YoY to INR5.04bn from INR2.86bn in the April-June quarter of the previous fiscal. |
Star Cement reports 10% rise in revenue11 June 2021, Published under Cement NewsIndia’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn. Star Cement also commenced production at a new 2Mta grinding unit in Siliguri, West Bengal, in J... |