Cement News tagged under: india
Ambuja Cement reports 8% growth in March quarter03 May 2023, Published under Cement NewsAmbuja Cement has reported standalone net revenue of INR42,560m (US$520.1m) in the quarter ended 31 March 2023, up from INR39,270m in the same quarter a year earlier, marking 8.4 per cent YoY growth. This growth comes despite the adverse impact on volumes of halting operations at the company’s Himachal Pradesh plants for 50 days during the three-month period. EBITDA over the same period advanced from INR8250m to INR9620m, while the EBITDA margin has improved from 21 to 22.6 per cent. P... |
UltraTech Cement report consolidated net sales of INR184,360m02 May 2023, Published under Cement NewsUltraTech Cement Ltd has announced its financial results for the quarter and year ended 31 March 2023 with consolidated net sales totalling INR184,360m (US$2.26bn), a rise of 19 per cent compared to INR155,570m in the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY22-23 reached INR34,440m, versus INR31,650m in the corresponding period of the previous year. Profit after tax was INR16,660m compared to a normalised profit INR14,780m (before... |
Shree Digvijay Cement reports 15% revenue growth in 4QFY2302 May 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd (SDCC) has reported a 15 per cent YoY increase in revenue in the 4QFY22-23, ending 31 March 2023. Revenue for the quarter came in at INR1952m (US$23.9m), up from INR1692m in the same period a year earlier. Over the same period, EBITDA advanced from INR305.9m to INR410.6m, while profit after tax expanded from INR128.9m to INR244.2m. The company sold 3.34Mt of cement over the quarter, up on the 3.25Mt recorded in the 4QFY21-22. “Despite very high cost... |
ACC Ltd reports revenue growth01 May 2023, Published under Cement NewsIndia-based ACC Ltd has reported revenue from operations of INR47,907.7m (US$585.6m) in the three months ended 31 March 2023. This compares to INR44,265m in the same period a year earlier. Profit after tax in the 2023 quarter came in at INR2365.7m, down from INR3918.1m in the same quarter in the previous year. Earnings per share over the same period fell from INR20.86 to INR12.60. Revenue from cement operations in the three months ended 31 March 2023 stood at INR44,788.2m, up from INR4... |
Dalmia Bharat reports 20% revenue growth in FY2327 April 2023, Published under Cement NewsDalmia Bharat Ltd has reported a 20 per cent YoY increase in revenue to INR135.4bn (US$1653m) in FY22-23, ended 31 March 2023. EBITDA over the same period fell 4.5 per cent YoY to INR23,160m, while profit after tax advanced by 27.6 per cent to INR10,790m. Sales volumes for FY23 came in at 25.7Mt, up 15.9 per cent from the 22.2Mt reported in the same period a year earlier. In the 4QFY22-23, revenue improved by 15.7 per cent YoY to INR39,120m, while EBITDA increased by 3.5 per cent to IN... |
India focusses on net zero concrete27 April 2023, Published under Cement NewsRepresentatives of more than 75 renowned academic institutions and businesses from across the world have gathered in New Delhi, in India, to participate in the Innovandi Global Cement and Concrete Research Network (GCCRN) Spring Week. They are meeting to help drive critical research and innovation towards decarbonisation of concrete. The GCCRN brings together more than 450 researchers and scientists from more than 40 leading universities and institutions, including EPFL (Lausanne), South... |
UltraTech Cement transports phosphogypsum on inland waterways27 April 2023, Published under Cement NewsA 57,000t consignment of phosphogypsum has been transported in a bulk cargo carrier from Paradeep port in Odisha and reached the jetty of UltraTech Cement’s ( Aditya Birla Group ) integrated cement plant, Gujarat Cement Works (GCW), in Kovaya, Amreli district, Gujarat, on 26 April 2023. Mr KC Jhanwar, UltraTech Cement Ltd 's managing director, said, “The cement industry plays a pivotal role in driving the circular economy in India through the use of industrial and municipal waste in ce... |
UltraTech Cement's Rawan plant wins Kaizen awards25 April 2023, Published under Cement NewsUltraTech Cement ’s integrated cement manufacturing unit Rawan Cement Works, located in Rawan village of Raipur district, Chhattisgarh, has won three Platinum awards and one Silver award at the prestigious 45th Confederation of Indian Industry (CII) National Kaizen competition, organised by the CII Institute of Quality. These awards are a recognition of the unit team’s commitment to customers to ‘manufacture cement based on quality standards incorporating customer expectations’. ... |
India adds 7Mta as expansion plans continue24 April 2023, Published under Cement NewsIndia’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech Cement has added 2.2Mta at its Bihar unit, raising its total cement production capacity to 129.15Mta as part of plans to reach 200Mta by 2030. Dalmia Bharat Cement plans to add 12Mta by 2024 with the ultimate aim of reaching 110-130Mta by 2031. The company recently added 2.5Mta, taking its total capacity to 4... |
UltraTech commissions 2.2Mta grinding unit expansion21 April 2023, Published under Cement NewsUltraTech Cement has commissioned its 2.2Mta grinding unit expansion at Patliputra , Bihar, India. According to the company, the additional capacity will help increase its presence in the fast-growing East region as well as expanding its blended cement ratio. UltraTech’s cement production capacity in the state now stands at 4.7Mta, while its total capacity in India has risen to 129.15Mta, reports BusinessLine. |