Cement News tagged under: india
UltraTech Cement looks to divest Bangladesh asset06 November 2019, Published under Cement NewsIndia's UltraTech Cement has stated that its plan to divest non-core assets in China, the UAE and Europe, is progressing well. It has also announced that it is looking to exit the Bangladesh market. "We are also exploring opportunities to exit Bangladesh, where we have a small grinding unit of 0.6Mt. All the proceeds from these asset disposals will help bring down our leverage position further," said Atul Daga, CFO, following the company's 2Q earning announcement. The Bangladeshi unit i... |
ACC plans integrated works in Bilaspur, Chhattisgarh06 November 2019, Published under Cement NewsACC is planning to build an integrated cement plant at Masturi, Bilaspur district, Chhatisgarh, on 105ha of land. The project will represent an estimated investment of INR29bn (US$408.8m). The new cement works will have a capacity of 2.72Mta of clinker and 4.05Mta of cement. It will include a captive power plant of 65MW and a WHR-based power plant of 10MW. Limestone will be supplied from a proposed captive limestone mine at Bidiyadih, Bhurkunda, Godadih and Bohardih. Applications for sta... |
JK Lakshmi Cement records 6% rise in net sales05 November 2019, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a net profit of INR486.7m (US$6.89m) in the 2QFY19-20, compared with a net loss of INR50.2m in the year-ago period. Consolidated net sales increased 5.6 per cent YoY to INR10.12bn. Consolidated EBITDA advanced 45 per cent to INR1.54bn in the quarter ending September 2019, rising from INR1.06bn in the corresponding quarter of the previous year. |
Shree’s sustainable path04 November 2019, Published under Cement NewsIndia’s cement industry has introduced several initiatives to place it on a path towards more sustainable cement production. Shree Cement highlights the actions it has taken to integrate sustainability into its cement production process. By Dr Anil Kumar Trivedi, Shree Cement Ltd, India. As a signatory to the Cement Sustainability Initiative, Shree Cement has delivered on its promise to reduce its energy footprint by implementing leading industry practices and transferring kn... |
Tamil Nadu Cements inaugurates expansion project04 November 2019, Published under Cement NewsIndia’s Tamil Nadu Cements Corp Ltd, owned by the government of the state, has expanded the capacity of its Ariyalur complex at an investment of INR8.09bn (US$114.4m). The project has seen the construction of a new 1Mta plant on the same site as its existing 0.5Mta unit, therefore taking the company’s total capacity to 1.7Mta. It supplied 74 per cent of its production to government departments in FY19, according to a government document, including 488t of OPC and 406,792t of PPC. The preva... |
Ramco Cements reports 47% 3Q profit rise01 November 2019, Published under Cement NewsIndia-based Ramco Cements posted a 3Q19 profit of INR1.68bn (US$23.7m), up by 47 per cent when compared with INR1.14bn in the 3Q18. When compared with the quarter ended June, profit was down 12.5 per cent from INR1.92bn. On a consolidated bases, earnings in the 3Q19 increased 43.3 per cent to INR1.72bn from INR1.2bn in the year-ago period. Revenues advanced by 12 per cent YoY to INR12.82bn in the 3Q19 when compared with the equivalent period of the previous year but fell five per cent when ... |
HeidelbergCement28 October 2019, Published under Cement NewsHeidelbergCement’s North American subsidiary, Lehigh Hanson Inc, has entered into an agreement with Giant Cement to acquire its Keystone cement plant in Bath, Pennsylvania. The 1.1Mta plant supplies the Pennsylvania, New Jersey and New York markets with bulk and bagged products. “With its modernised kiln, healthy customer base and large limestone reserves, the Keystone cement plant is an excellent strategic fit for HeidelbergCement in North America and an important step in strengthening our ... |
UltraTech Cement28 October 2019, Published under Cement NewsUltraTech Cement has announced its unaudited financial results for the quarter ended 31 September 2019. Consolidated net sales came in at INR94.91bn (US$1.34bn), compared to INR90.88bn in the same period a year earlier. Profit before interest, depreciation and tax was INR20.72bn, versus INR15.64bn in the year-ago period. Profit after tax over the same period rose from INR3.56bn to INR5.79bn. During the quarter, variable costs increased by three per cent compared to the previous quarter, whil... |
Sagar Cements sees revenue increase 3%23 October 2019, Published under Cement NewsIndia's Sagar Cements has recorded a consolidated net profit of INR45.2m (US$637,532) in the quarter ended 30 September 2019, compared with a loss of INR80m in the year-ago period. Total revenue increased 2.7 per cent YoY to INR2.65bn from INR2.58bn. "The growth would have been even better, but for the sluggishness in the overall economy and an extended monsoon, which weighed down on demand. Profitability improved on the back of several cost-saving initiatives as well as moderating input c... |
Ambuja Cement sees 1% rise in net sales for 3Q1923 October 2019, Published under Cement NewsIndia’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sales climbed 1.3 per cent YoY to INR25.56bn (US$360.48m) and EBITDA advanced 22.9 per cent to INR4.4bn. Profit after tax increased 31.3 per cent to INR2.35bn from INR1.79bn. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and ... |