Cement News tagged under: indian subcontinent
Anjani Cement reports loss in 2022-2330 August 2023, Published under Cement NewsIndia-based Anjani Cement has reported consolidated turnover of INR6615m (US$79.9m) in 2022-23, compared to INR8012.6m in 2021-22. Gross profit over the same period has declined from INR1471.5m to INR240, while profit before tax has fallen from a profit of INR587m in 2021-22 to a loss of -INR641m in 2022-23. Consolidated cement production in 2022-23 came in at 1.400Mt with a capacity utilisation rate of 59 per cent, compared to 1.717Mt and 78 per cent, respectively, in the same period a ... |
Nepal exports of US$2m of clinker and cement in 1MFY23-2425 August 2023, Published under Cement NewsNepal exported cement and clinker with a total value of NPR234.98m (US$1.78m) in the first month of the current fiscal year, FY23-24. The country exported 9573t of cement with a value of NPR70.5m and 25,742t of clinker with a value of NPR164.4m in the 1MFY23-24. Cement and clinker exports have increased significantly since last year due to the government introducing an eight per cent cash subsidy on the export of cement and steel, according to cement producers. It also waives 2-15 per ce... |
Crown Cement to purchase Matarbari fly ash21 August 2023, Published under Cement NewsBangladesh-based Crown Cement plc will buy fly ash from the Matarbari 2x600MW ultra supercritical coal-fired power plant as raw material for cement production, according to the Daily Star. The company is expected to sign a joint venture agreement with the power plant, according to Md Mozharul Islam, Crown Cement’s company secretary. The fly ash supply will enable Crown Cement to be less reliant on imported fly ash and reduce transport costs. |
JK Cement's Aligarh plant boosts renewable energy21 August 2023, Published under Cement NewsAmpln Energy Transition, an energy transition platform, has begun supplying 10MWp of solar power from its 30MWp solar plant in Mishrikh, Uttar Pradesh, India, to JK Cement’s Aligarh plant. The move takes JK Cement’s renewable energy replacement at the Aligarh works to over 60 per cent of the overall energy mix, saving more than 10,780t of CO 2 each year. According to the cement producer, this marks a “significant milestone in our journey towards reducing CO 2 emissions and driving the tra... |
Sanghi Industries reports loss of income in June quarter15 August 2023, Published under Cement NewsSanghi Industries Ltd has posted total income of INR1702m (US$20.46m) in the quarter ended 30 June 2023. This compares to INR2270m in the previous quarter and INR3448.5m in the same quarter in 2022. The company has reported a loss of INR1894.3m in the April-June 2023 quarter, compared to an INR328.7m loss in the same period in the previous year. Expenses over the same timeframe have declined slightly from INR3887.8m to INR3596.3m, with power and fuel costs falling from INR1928.6m in the... |
Grasim Industries sees revenue improve 11%11 August 2023, Published under Cement NewsGrasim Industries, which owns UltraTech Cement , has reported revenue of INR310,650m (US$3753m) in the quarter ended 30 June 2023, marking an 11 per cent improvement YoY. Net profit over the same period declined seven per cent to INR25,760m due to higher operational costs and lower realisation. The company has recently launched Birla Pivot, a full-scale B2B e-commerce platform for building materials in Maharashtra, Madhya Pradesh and Delhi. According to Grasim, the platform will ensure o... |
Burnpur Cement profits hit by higher costs10 August 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income from operations of INR497.2m (US$6m) in the quarter ended 30 June 2023. This compares to INR469.7m in the previous quarter and INR312.9m in the same quarter a year earlier. The company recorded a loss from continuing operations of INR183.5m in the June 2023 quarter, versus a loss of INR118.9m in the previous quarter, and INR179.2m seen in the quarter ended 30 June 2022. In terms of expenses, these have risen from INR491.4m in the... |
Mangalam Cement reports fall in revenue09 August 2023, Published under Cement NewsMangalam Cement Ltd , part of BK Birla Group, has reported revenue from operations of INR4205.3m (US$50.8m) in the quarter ended 30 June 2023. This compares to INR4593.3m in the previous quarter and INR5138m in the same quarter a year earlier. Net profit in the June 2023 quarter came in at INR83.6m, up from the INR42.8m recorded in the previous quarter, but down from the INR158.8m seen in the quarter ended 30 June 2022. Basic and diluted earnings per share fell from INR10.22 in the June ... |
Adani Group updates expansion plans following SIL acquisition04 August 2023, Published under Cement NewsThe Adani Group has provided an update on its plans following the announcement of its acquisition of a majority stake in Sanghi Industries Ltd (SIL). According to The Telegraph, the group plans to expand the captive port capacity of Sanghipuram to accommodate vessels of 8000dwt. Sanghi Cement runs a 6.1Mta plant at Sanghipuram which is connected to a captive jetty at Sanghipuram. The plan is to depend and expand the port’s capacity to handle larger vessels, along with the creation of bulk ... |
Orient Cement reports profit dip in June quarter03 August 2023, Published under Cement NewsOrient Cement Ltd , part of the CK Birla Group , has reported revenue from operations of INR8251.8m (US$99.8m) in the quarter ended 30 June 2023, up from INR7139.3m in the same period a year earlier. Net profit for the three-month period came in at INR370.3m, down slightly on the INR374.1m seen in the June quarter of 2022. Total expenses over the same timeframe advanced from INR6560.5m to INR7723.9m, driven primarily by cost of materials consumed, and power and fuel. Earnings per share ... |