Cement News tagged under: india
Nuvoco Vistas opens new RMC plant in Vizag30 May 2023, Published under Cement NewsNuvoco Vistas Corp Ltd has launched a new ready-mixed concrete (RMC) plant in Vizag, Andhra Pradesh, India. With a production capacity of 60m 3 /h, the plant will serve construction projects in the area. According to the company, Vizag is a rapidly developing city with a number of key infrastructure projects, including the Greenfield Airport at Bhogapuram. Commenting on the new plant, Mr Prashant Jha, chief of Ready-Mix (RMX) Concrete and Modern Building Materials business at Nuvoco, sa... |
UltraTech Cement to employ Coolbrook decarbonisation technology26 May 2023, Published under Cement NewsUltraTech Cement Ltd and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic Heater TM (RDH) technology in one of UltraTech’s cement manufacturing units. The RDH technology uses electrification from renewable sources for the heating processes in cement production and removes the need to use fossil fuels, thus helping to accelerate the decarbonisation of cement manufacturing. The successful implementation ... |
The KCP Ltd sees profits slide as expenses climb26 May 2023, Published under Cement NewsIndia-based cement producer, The KCP Limited , has announced standalone total income of INR4840m (US$58.5m) in the quarter ended 31 March 2023, up from INR4638.2m in the same period a year earlier. Total expenses over the same time frame have increased from INR4189.2m to INR4605.5m, driven primarily by power and fuel costs, resulting in a profit of INR147.5m in the March 2023 quarter, down from INR271.6m in the quarter ended 31 March 2022. Earnings per share have declined from INR2.11 in th... |
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... |
ACC and Ambuja Cements launch new R&D centre25 May 2023, Published under Cement NewsACC and Ambuja Cements have launched a new research and development (R&D) facility at Kalamboli on the outskirts of Mumbai, India. The facility is designed to foster cutting-edge research, collaboration and the development of innovative solutions, to help drive progress, enhance cost optimisation and create sustainable solutions for the future of the cement and concrete industry. According to the companies, the facility will focus on new product development, productivity enhancement, red... |
JK Cement opts for OutSystems digitalisation platform24 May 2023, Published under Cement NewsJK Cement Ltd has adopted SYSTEME IO’s OutSystems high-performance, low-code technology as part of its strategy to digitally transform the way applications are developed and managed across the organisation. The company plans to build applications to transform sales management, land assets management and loyalty management processes. It is also looking at redefining the experience of its customers, employees and partners by building unique experiences on the OutSystems platform, the com... |
Shree Cement posts 15% fall in profit23 May 2023, Published under Cement NewsIndia’s Shree Cement has reported gross revenue from operations of INR59.98bn (US$724m) in the quarter ended 31 March 2023, up 16.8 per cent YoY. Profit of INR5.46bn (US$66.8m) was seen over the three-month period, compared to INR6.54bn in the same period a year earlier, marking a 15.3 per cent YoY decline. The company’s EBITDA margin over the same time frame contracted by two per cent as cement prices remained flat and expenses continued to expand. Shree posted a 24.4 per cent increas... |
Ramco Cements reports 51% advance in sales22 May 2023, Published under Cement NewsIndia’s Ramco Cements Ltd has reported sales of INR25.59bn (US$309.3m) in the quarter ended 31 March 2023 (4QFY22-23), marking a YoY increase of 51 per cent. Sales of cement and dry mortar products rose a comparable 46 per cent to 4.7Mt over the same period. According to the company, the growth is being driven by an uptick in infrastructure projects, which has helped offset weaker prices in the south of the country. Profit after tax in the March 2023 quarter came in at INR1.52bn, up f... |
JK Lakshmi Cement income hit by fuel expenses22 May 2023, Published under Cement NewsIndia’s JK Lakshmi Cement has reported standalone total income of INR17,466.6m (US$211m) in the quarter ended 31 March 2023, compared to INR15,152.8m in the same period a year earlier. Net profit after tax over the same time frame fell from INR1717.3m to INR973.2m as total expenses advanced from INR12,939.6m to INR16,093.9m, driven primarily by higher power and fuel costs which expanded from INR3053.5m in the quarter ended 31 March 2022 to INR4102.9m in the same period a year later. Earnin... |
Sanghi Cements results hit by finance costs22 May 2023, Published under Cement NewsSanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earlier. The company has reported a loss of -INR3257m in the year ended 31 March 2023, versus a profit of INR406.2m in the previous year. Total expenses over the same time frame have jumped from INR10,837.7m to INR12,735.1m, with finance costs advancing from INR819.6m to INR2381.7m. Meanwhile, earnin... |