Cement News tagged under: india
Gujarat requests producers to use more plastic waste29 August 2019, Published under Cement NewsThe Gujarat Pollution Control Board has requested cement producers in the Indian state to use plastic in five per cent of their total fuel. The board is also expected to increase this mandate to 10 per cent to boost the demand for plastic waste, according to The Times of India. The authorities are also in talks with other industries for the use of construction debris, mud and fertilisers. |
UltraTech Cement28 August 2019, Published under Cement NewsUltraTech Cement, an Aditya Birla Group company, almost doubled its net profit in the quarter ending 30 June 2019, on the back of merger synergies and improved operational efficiency. Consolidated net profit for the three-month period came in at INR12.08bn (US$168.4m), up 91 per cent YoY from INR6.31bn, while profit before interest, depreciation and tax advanced from INR17.6bn to INR28.4bn. Its Nathdwara Cement company has now completed a major overhaul of its plants, which have “achieved... |
Lucky Cement awarded for Best Corporate Report23 August 2019, Published under Cement NewsLucky Cement Ltd has won the Best Corporate Report Award with second position in the cement category at the much anticipated "Best Corporate & Sustainability Report Awards 2018". The award ceremony was jointly organised by the Institute of Charted Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP), at a local Hotel in Karachi this week. ICAP and ICMAP have been organising the Best Corporate Report (BCR) Awards ceremony since 2000. This award... |
Shree Cement records 37% net profit increase16 August 2019, Published under Cement NewsIndia’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profit surged 36.8 per cent to INR3.82bn from INR2.79bn. The cement segment saw an 8.5 per cent rise in revenue to INR31.15bn, compared with INR28.69bn in the year-ago period. While cement sales volumes contracted 13 per cent to 6.1Mt, this was offset by higher prices. Standalone revenue recorded a modest decline of 2.4... |
Grasim Industries's net profits rise by 28% in 1QFY1915 August 2019, Published under Cement NewsGrasim Industries (Aditya Birla Group) recorded a consolidated net profit rise of INR17,860m (US$250.4m) for the June quarter, up by 27.86 per cent, with strong performances from its subsidiaries UltraTech Cement and Aditya Birla Capital. The company’s total income increased by 12.72 per cent to INR19,091bn during April-June 2019, up from INR16,937bn. Revenues form the cement business during the quarter stood at INR10,177bn, a rise of 14.35 per cent on the corresponding quarter of last year. |
CMA hold meeting with Singareni Collieries Co Ltd15 August 2019, Published under Cement NewsIndia's Cement Manufacturers Association (CMA) has held a constructive interaction with Singareni Collieries Co Ltd (SCCL). The meeting organised by the CMA with the senior officials of SCCL in Hyderabad saw a commitment on both sides to work towards improving offtake of coal by the cement industry. CMA felt extremely reassured by the positive response received from Dr J Allwyn, executive director (Coal Movement), SCCL and N V Rajasekhar Rao, deputy general manager (Marketing), SCCL. The s... |
Birla Corp announces INR50bn expansion plans14 August 2019, Published under Cement NewsIndia’s Birla Corp has announced plans to increase its total cement capacity to 25Mta by 2025, with an investment of INR50bn (US$701.5m). The new capacity will be shared between the company’s existing facilities and those acquired from Reliance Cement. The first phase of expansion will see an investment of INR24.5bn in a new integrated plant at Mukutban, Nagpur, to boost overall capacity to 19.5Mta. A further INR2.5bn will be spent on a third line at its Lucknow facility taking it to 3.6M... |
UltraTech Cement announces 91% rise in consolidated profit09 August 2019, Published under Cement NewsIndia’s UltraTech Cement Ltd has announced a 91 per cent YoY growth in consolidated net profit to INR12.08bn (US$171.2m) for the quarter ending 30 June, compared with INR6.31bn in the year-ago period. Net sales increased 15 per cent to INR100bn, while EBITD surged 61 per cent to INR28.4bn from INR17.6bn. Standalone net sales rose 15.5 per cent YoY in the 1QFY19-20, reaching INR96.48bn from INR83.54bn. The company more than doubled its net profit which soared to INR11.99bn from INR5.98bn. E... |
Saurashtra Cement posts rising 1Q net profit09 August 2019, Published under Cement NewsIndia-based Saurashtra Cement reported a consolidated revenue from operations of INR1.51bn (US$21.4m) in the 1QFY19-20 (ended 30 June 2019), down 10.1 per cent from INR1.68bn in the year-ago period. The company’s 1QFY19-20 net profit jumped to INR156.1m in the April-June 2019 quarter from INR49.4m in the previous-year’s equivalent quarter. |
India Cements plans INR14bn plant project08 August 2019, Published under Cement NewsIndia Cements is reportedly in the process of acquiring land in Madhya Pradesh for a new plant project which would take its total capacity to 20Mta, according to The Economic Times. The company has already acquired a company with an existing mining lease to use its limestone reserves. The project is worth around INR14bn (US$197m), with the producer expected to compete the final land investments over the next few months. |