Cement News tagged under: India
Ambuja Cements announces plant expansion project15 February 2019, Published under Cement NewsIndia’s Ambuja Cements Ltd is planning to expand manufacturing capacity from 2.4Mta to 3.4Mta at its Jala Dhulagori facility in West Bengal. While the company is awaiting environmental clearance, work on the project is expected to begin by October 2019. |
Deccan Cements sees four-fold 3Q net profit surge14 February 2019, Published under Cement NewsIndia-based Deccan Cements reported a near four-fold hike in its net profit for the third quarter ended 31 December 2018. Net profit surged to INR329.9m from INR89.5m in the 3QFY18-19. Total income of the company increased from INR1362.1m in the year-ago period to INR5029.2m in the third quarter of the current financial year. Deccan Cements produces OPC, PPC, blended and slag cement as well as generating hydroelectric, wind and thermal power. |
Cement prices rise 36-44% in Tamil Nadu14 February 2019, Published under Cement NewsThe price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former national president of the Builders’ Association of India, has noted that the increase will affect construction projects. "The price of basic raw materials in manufacturing of cement has not increased. The price of cement bag has increased by INR100. This increase is totally unethical. We request the government to fo... |
India cement GST cut on the agenda13 February 2019, Published under Cement NewsIndia’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel report that proposes a reduction in rates in under-construction properties, including affordable homes, according to Indian newspaper The Telegraph. However, the reduction of GST for cement to 18 per cent will represent a loss of INR130bn annually to the government. The Narendra Modi-led government wants the GST re... |
JSW Cement completes Dolvi expansion13 February 2019, Published under Cement NewsIndia’s JSW Cement has announced the completion of its expansion project at its plant in Dolvi, Maharashtra. The project has increased capacity from 1Mta to 2.2Mta, thereby lifting the company’s installed capacity to 12.6Mta. "Our Dolvi cement unit is located closest to our customers in Maharashtra thereby ensuring that all their requirements are serviced quickly and with the freshest quality cement. It enables us to become an integral part of state's infrastructure growth story," said Part... |
JK Lakshmi Cement reports 72% profit growth12 February 2019, Published under Cement NewsIndia's JK Lakshmi Cement has recorded a 71.7 per cent increase in standalone net profit to INR147.5m (US$2.07m) for the third quarter ended 31 December, compared with INR85.9m of the year-ago period. Its total income during the 3QFY18-19 was up 11.3 per cent YoY to INR9.487bn from INR8.52bn. The company also reported nine per cent volume growth in the period. However, total expenses rose 10.7 per cent YoY to INR9.29bn from INR8.39bn. "The company has been facing pressure of increased pet... |
Orient Cement reports INR137m loss in 3QFY18-1912 February 2019, Published under Cement NewsOrient Cement has reported its financial results for the third quarter of the FY18-19, ended 31 December 2018. Total income rose by 11.9 per cent to INR5.748bn (US$80.7m) in the 3QFY18-19 when compared with INR5.135bn in the year-ago period. When compared with INR5.632bn in the 2QFY17-18, sales rose 2.1 per cent. The India-based cement producer reported a smaller net loss of INR137m in the 3QFY18-19 than in the 2QFY18-19 when the net loss reached INR167.4m. However, YoY losses dropped by... |
Dalmia Cement plans new 2.5Mta project08 February 2019, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has announced plans to set up a new facility at Jamuna village in Satna district of Madhya Pradesh. The project is worth an estimated INR18.75bn (US$263.16m), and is expected to produce 3Mta of clinker and 2.5Mta of cement. The plans also include the construction of a 15MW WHR plant alongside the main unit. While the company is waiting environmental clearance, work is expected to commence by September 2019. |
Birla Corp announces results and starts constructing new facility07 February 2019, Published under Cement NewsIndia’s Birla Corp Ltd reported a INR270m (US$3.76m) net profit for the third quarter ending 31 December 2018, up from a INR220m net loss of the previous year’s period. The growth was recorded despite an increase in the cost of petcoke and coal. Furthermore, the company’s net sales rose 12 per cent to INR15.57bn in the 3QFY8-19, compared to INR13.88bn of the year-ago period. The company also announced that its RCCPL subsidiary has begun construction of a 3.9Mta greenfield integrated ceme... |
ACC sees 8% rise in cement deliveries in 201806 February 2019, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) and thanks to writing back tax provisions relating to earlier years of INR5.01bn, the net profit shot... |