Cement News tagged under: The India Cements
The India Cements posts revenue advance YoY20 May 2024, Published under Cement NewsThe India Cements Ltd has reported standalone revenue of INR12,700.5m (US$152.6m) in the quarter ended 31 March 2024. This compares to INR10,987.3m in the previous quarter and INR14,788.9m in the same quarter in the previous year. A loss of INR293.3m was seen in the March 2024 quarter, up from the INR165.1m loss reported in the quarter ended 31 December 2023, but down from the INR2177.9m loss of the quarter ended 31 March 2023. Expenses fell from INR16,073.1m in the March 2023 quarter t... |
India Cements narrows 2Q loss02 November 2023, Published under Cement NewsThe India Cements Ltd reported a lower net loss of INR810m (US$9.7m) in the 2QFY23-24 compared with a net loss of INR1380m in the year-ago period. EBITDTA for the 2QFY23-24 reached INR140m vs -INR870m in the 2QFY22-23, with the company seeing a net profit for the coming quarters, as price realisations improve and cost pressures soften. Total income slipped 2.5 per cent to INR12.28bn in the 2QFY23-24 from INR12.59bn in the year-ago period. Cement volumes increased 5.1 per cent to 2.37Mt i... |
The India Cements acquires Springway Mining Pvt Ltd29 June 2022, Published under Cement NewsThe India Cements Ltd has completed its acquisition of Springway Mining Pvt Ltd (SMPL). With effect from 27 June 2022, SMPL has become a wholly-owned subsdiary of The India Cements Ltd. SMPL is in the process of setting up a cement plant in Madhya Pradesh. |
India Cements joins forces with Tvasta on 3D printed construction solutions30 May 2022, Published under Cement NewsThe India Cements is collaborating with Tvasta Manufacturing Solutions to develop energy-efficient construction methods using 3D printing. Tvasta’s technology uses 3D-printing platforms for faster, more economical and more sustainable construction methods, compared to traditional technologies, which can be used for a variety of applications, including housing, sanitation, infrastructure and defence. According to reports in The Hindu Business Line, the 3D construction methods use 30 per cen... |
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