Cement News tagged under: The India Cements Ltd
UltraTech Cement buys land from The India Cements Ltd22 September 2023, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has entered into an agreement with The India Cements Ltd , on 21 September 2023 to purchase a 73.35-acres plot of land (which includes land of 14.53 acres to be procured), located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of INR70,000m, exclusive of taxes, stamp duty and registration charges. “This is for the purposes of the business of the company. The disclosure i... |
India Cements reports loss in June 2023 quarter07 August 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year earlier. The company saw a loss of INR752.7m in the June 2023 quarter, versus a profit of INR760.9m in the same quarter a year earlier. Total expenses in the June 2023 quarter came in at INR14,988.2m, compared to INR15,262.8m in the same quarter in the previous year. The biggest decline in expenses was seen in power a... |
The India Cements Ltd posts loss as expenses rise25 May 2023, Published under Cement NewsThe India Cements Ltd has posted standalone total income of INR14,788.9m (US$178.7m) in the quarter ended 31 March 2023, compared to INR13,967.2m in the same period a year earlier. The company has reported a loss of -INR2177.9m over the March 2023 quarter, versus a loss of -INR237.1m in the March 2022 quarter. Total expenses over the same period advanced from INR14,331.9m to INR16,073.1m, with power and fuel expenses expanding from INR5142.9m to INR6156.9m. Earnings per share fell from... |
The India Cements Ltd sees revenue slip MoM07 February 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR12,194m (US$147.3m) in the quarter ended 31 December 2022. This compares to INR12,546m in the previous quarter and INR11,084m in the quarter ended 31 December 2021. In the October-December 2022 quarter, the company saw a profit of INR907.3m, compared to a loss of INR1375m in the previous quarter and a profit of INR33m in the same quarter a year earlier. Power and fuel expenses jumped from INR3518m in the December 2021 quar... |
The India Cements Ltd sees 8% advance in revenue08 November 2022, Published under Cement NewsThe India Cements Ltd has reported consolidated revenue from operations of INR13,270m (US$161.5m) in the quarter ended 30 September 2022, compared to INR12,340m in the same period a year earlier, an increase of 7.5 per cent YoY. Profit over the same period fell from a gain of INR320m to a loss of INR1210m, reports Dow Jones Newswires. Basic earnings per share came in at -INR3.62 versus INR0.87 in the quarter ended 30 September 2021. Power and fuel costs over the same timeframe jumped from ... |
The India Cements Ltd may put capex plans on hold12 November 2019, Published under Cement NewsThe India Cements Ltd said it may need to put its capital expenditure plans on the backburner if the current economic slowdown persists, reports The Times of India. "We may hold back capital expenditure," said N Srinivasan, The India Cements Ltd’s vice chairman and MD. "I want to expand. I want to go there (Madhya Pradesh). But, I want to be sure before I go there," he added. The southern Indian-based cement producer’s plans include a greenfield cement plant in Madhya Pradesh and a grindi... |
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