Cement News tagged under: india
VRM audits and optimisation16 November 2021, Published under Cement NewsThe increasing use of vertical roller mills (VRMs) in the production of cement to reduce power consumption and CO 2 emissions has resulted in an increasing need for VRM optimisation. As cement producers look to protect profits as well as their environmental reputation, a process audit can identify the root causes of issues to help plan for improvements in power consumption and performance. By Anil Kumar Popuri, National Council for Cement and Building Materials, India. Figure 1: mea... |
Mangalam Cement sees 17% revenue increase16 November 2021, Published under Cement NewsIndia’s Mangalam Cement has reported a standalone net profit of INR110.7m (US$1.49m) in the 2QFY21-22, falling 48.1 per cent YoY from INR213.3m in the year-ago period. However, net revenue advanced 17.2 per cent YoY to INR3.76bn from INR3.21bn in the 2QFY20-21. |
UltraTech Cement Ltd wins global marketing award16 November 2021, Published under Cement NewsUltraTech Cement Ltd has been recognised with a Silver award at the Mobile Marketing Association’s (MMA) Smarties X awards 2021. MMA Smarties X is the first global marketing award recognising Innovation in mobile marketing. UltraTech won the award in the ‘Cross Mobile Integration’ category, which primarily recognises campaigns that integrate a minimum of three mobile applications or mediums (such as apps, mobile web, video, display, search etc). UltraTech’s winning entry, ‘How UltraTec... |
Mangalam sees 1H net profit up 82%15 November 2021, Published under Cement NewsIndia-based Mangalam Cement announced its unaudited financial results for the quarter and half year ended 30 September 2021. In the quarter ended 30 September 2021 (2Q21) the company saw revenues from operations advance 15.7 per cent to INR3.757bn (US$50.5m) from INR3.246bn in the 2Q20. Total revenues were up 5.9 per cent to INR3.84bn from INR3.625bn. However, profit before tax decreased 43.5 per cent to INR134m in 2Q21 from INR237m in the year-ago period due to significantly higher power ... |
Nuvoco records group revenues of INR2000m in 2QFY21-2211 November 2021, Published under Cement NewsNuvoco Vistas Corp Ltd (Nuvoco) announced its unaudited financial results for the quarter ended 30 September 2021 with consolidated revenue from group operations (including NU Vista Ltd) reaching at INR20,200m (US$26.89m). Consolidated EBITDA margin stood at 17 per cent. Commenting on the results, Jayakumar Krishnaswamy, MD of Nuvoco Vistas Corp Ltd, said, “In spite of the challenging market conditions in our major operating market of East, we were able to achieve volumes at par as compar... |
UltraTech Cement commits to GCCA 2050 Roadmap10 November 2021, Published under Cement NewsUltraTech Cement Ltd, has announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete. UltraTech has made this commitment as a founding member of the GCCA and is among 40 of the world’s leading cement and concrete manufacturers to affirm their commitment to net zero concrete by 2050 and agree to an ambitious intermediate goal of preventing 5bnt of CO 2 emissions by 2030. “We at UltraTech are fully committed to work together with our part... |
India’s cautious outlook08 November 2021, Published under Cement NewsA contracted comparison base has helped push the Indian cement sector to a double-digit growth trajectory in 2021. However, there are a number of one-time factors that should be taken into account and further challenges could lie ahead. A more modest demand picture is expected to emerge in the coming years. ICR highlights recent trends in the Indian cement sector and discusses forthcoming factors that could influence cement demand A cut in India’s GDP growth forecast for the ... |
Udaipur Cement receives CRISIL AA/Stable/A1+ rating05 November 2021, Published under Cement NewsUdaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement, has been independently assigned AA/Stable/A1+ ratings to its bank facilities by CRISIL. AA Rating for its entire long-term existing and proposed borrowings and A1+ for UCWL’s short-term borrowing programme. This long-term rating of UCWL, assigned by CRISIL, is on a standalone basis without any Credit Enhancement (CE) support from the parent company. |
Dalmia Cement plans new 2Mta plant03 November 2021, Published under Cement NewsIndia’s Dalmia Cement is planning to set up a new 2Mta grinding plant in Bokaro, Jharkhand, according to the state’s government. The company is expected to invest INR5.77bn (US$77.14m) in the construction of the plant, with work scheduled to begin this month and set to be completed within a year. |
Star Cement posts 3% revenue increase03 November 2021, Published under Cement NewsIndia’s Star Cement has posted a standalone net profit of INR229.4m (US$3.07m) in the quarter ending 30 September, falling 39.8 per cent YoY from INR381.2m in the same period of the previous fiscal. However, net revenue saw a modest improvement of 3.4 per cent to INR3.98bn from INR3.85bn. |