Cement News tagged under: India
Prism Johnson to raise cement capacity29 January 2021, Published under Cement NewsPrism Johnson Ltd has approved of a 0.9Mta cement capcity expansion at Prism Cement's Satna cement plant, Madhya Pradesh, India. The new capacity will take the plants total cement capcity up to 5.4Mta. The investment is estimated to cost INR1390m (US$19.02m). |
India Cements returns to profit in 3Q28 January 2021, Published under Cement NewsIndia Cements has reported an INR693m (US$9.48m) net profit for the October-December 2020 period, compared to an INR94.3m net loss in the year-ago quarter. Revenue fell 4.8 per cent YoY to INR11.84bn from INR12.44bn. The top line of the company was largely impacted by the delayed effects of COVID-19, with most of the incremental demand for cement coming from the east, central and northern regions of India. |
Shree Digvijay Cement sees 17% rise in revenue28 January 2021, Published under Cement NewsIndia’s Shree Digvijay Cement has announced a 17.2 per cent YoY increase in standalone revenue to INR1.43bn (US$19.69m) for the December 2020 quarter, compared to INR1.22bn in the year-ago period. The company also reported a 48.5 per cent YoY rise in standalone profit to INR140.2m from INR94.4m. |
Humboldt India wins new UltraTech Cement order27 January 2021, Published under Cement NewsHumboldt Wedag India Pvt Ltd (HW India), New Delhi, India, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has received a new order from UltraTech Cement Ltd for three new kiln lines, one new raw meal grinding plant with two KHD roller presses, and the upgrade of five existing clinker grinding plants with KHD roller presses. The engineering and supply of equipment as well as supervisory services related to erection and commissioning comprise a potentia... |
UltraTech Cement reports consolidated sales of INR121.44bn25 January 2021, Published under Cement NewsThe Aditya Birla Group's cement flagship, UltraTech Cement Ltd, reported consolidated net sales of INR121.44bn (US$1.66bn) for the quarter ended 31 December 2020, versus INR102.61bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR33.62bn compared to INR21.47bn in the corresponding period of the previous year. Profit after tax was INR15.84bn compared to INR7.12bn in the corresponding period of the previous year. On... |
Birla Corp reports 82% rise in net profit25 January 2021, Published under Cement NewsIndia’s Birla Corp has seen its net profit surge 82.1 per cent YoY to INR1.484bn (US$20.35m) in the December quarter, compared to INR814m in the 3QFY19-20. Revenue also increased five per cent YoY to INR18.23bn, while EBITDA was up 19.4 per cent to INR3.76bn. The company’s sales volumes rose 3.2 per cent to 3.55Mt in the October-December 2020 period, boosting capacity utilisation to 92 per cent from 88 per cent in the same period last year. In the 9MFY20-21, its net profit climbed 22.7 p... |
Shiva Cement sees net revenue down 8%25 January 2021, Published under Cement NewsIndia’s Shiva Cement has reported a standalone net loss of INR58.6m (US$803,778) in the 3QFY20-21, compared to an INR61.4m loss in the year-ago period. Net revenue declined 7.6 per cent YoY to INR70.1m from INR75.9m. However, operating expenses also fell 12.1 per cent to INR90.1m. |
Udaipur Cement Works sees sales rise 15%21 January 2021, Published under Cement NewsIndia’s Udaipur Cement Works has seen its net profit surge to INR155.5m (US$2.13m) in the quarter ending 31 December 2020, compared to INR9.7m in the year-ago period. Sales also increased 15.4 per cent YoY to INR1.83bn from INR1.59bn in the 3QFY19-20. |
Nuvoco Vistas Corp launch InstaMix Xpress in Bhutan21 January 2021, Published under Cement NewsNuvoco Vistas Corp Ltd of India has released its InstaMix Xpress product in Bhutan. InstaMix Xpress is a pre-mixed, ready-to-use, bagged, dry concrete supply. The premium-quality bagged concrete is easy to use and can be supplied anytime anywhere regardless of the desired quantity, claims Nuvoco Vistas Corp Ltd. Nuvoco Vistas Ltd has supplied Instamix Xpress to Kolkata Telecom Support & Service for the casting of mobile phone tower foundations in Jaigaon, Bhutan. Altogether more th... |
Damani family increases stake in India Cements19 January 2021, Published under Cement NewsRadhakishan Damani and Gopikishan Damani have increased their stake in India Cements during the October-December 2020 quarter. Radhakishan Damani increased his stake by 0.54 per cent, now holding an 11.34 per cent stake in the company against 10.8 per cent at the end of the July-September quarter. At the same time, his brother Gopikishan Damani now owns 8.46 per cent of the total paid-up capital in the company, up from 8.26 per cent in the 2QFY20-21. In addition, together the brothers ... |