Cement News tagged under: indian subcontinent
Shun Shing announces new top management appointments05 June 2023, Published under Cement NewsShun Shing Group International Ltd has recently appointed Group MD Ikram Ahmed Khan as chairman of its operations in Bangladesh. The company also appointed S Raihan Ahmed as vice-chairman, Tahmina Ahmed as MD and Shakib Pasha as deputy MD, according to The Daily Star. |
The India Cements Ltd posts loss as expenses rise25 May 2023, Published under Cement NewsThe India Cements Ltd has posted standalone total income of INR14,788.9m (US$178.7m) in the quarter ended 31 March 2023, compared to INR13,967.2m in the same period a year earlier. The company has reported a loss of -INR2177.9m over the March 2023 quarter, versus a loss of -INR237.1m in the March 2022 quarter. Total expenses over the same period advanced from INR14,331.9m to INR16,073.1m, with power and fuel expenses expanding from INR5142.9m to INR6156.9m. Earnings per share fell from... |
ACC and Ambuja Cements launch new R&D centre25 May 2023, Published under Cement NewsACC and Ambuja Cements have launched a new research and development (R&D) facility at Kalamboli on the outskirts of Mumbai, India. The facility is designed to foster cutting-edge research, collaboration and the development of innovative solutions, to help drive progress, enhance cost optimisation and create sustainable solutions for the future of the cement and concrete industry. According to the companies, the facility will focus on new product development, productivity enhancement, red... |
Shree Cement posts 15% fall in profit23 May 2023, Published under Cement NewsIndia’s Shree Cement has reported gross revenue from operations of INR59.98bn (US$724m) in the quarter ended 31 March 2023, up 16.8 per cent YoY. Profit of INR5.46bn (US$66.8m) was seen over the three-month period, compared to INR6.54bn in the same period a year earlier, marking a 15.3 per cent YoY decline. The company’s EBITDA margin over the same time frame contracted by two per cent as cement prices remained flat and expenses continued to expand. Shree posted a 24.4 per cent increas... |
Ramco Cements reports 51% advance in sales22 May 2023, Published under Cement NewsIndia’s Ramco Cements Ltd has reported sales of INR25.59bn (US$309.3m) in the quarter ended 31 March 2023 (4QFY22-23), marking a YoY increase of 51 per cent. Sales of cement and dry mortar products rose a comparable 46 per cent to 4.7Mt over the same period. According to the company, the growth is being driven by an uptick in infrastructure projects, which has helped offset weaker prices in the south of the country. Profit after tax in the March 2023 quarter came in at INR1.52bn, up f... |
Sanghi Cements results hit by finance costs22 May 2023, Published under Cement NewsSanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earlier. The company has reported a loss of -INR3257m in the year ended 31 March 2023, versus a profit of INR406.2m in the previous year. Total expenses over the same time frame have jumped from INR10,837.7m to INR12,735.1m, with finance costs advancing from INR819.6m to INR2381.7m. Meanwhile, earnin... |
Shiva Cement's income tumbles as expansion plans continue18 May 2023, Published under Cement NewsShiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced from INR87.93m in the year ended 31 March 2022 to INR128.53m a year later, while depreciation and amortisation expenses jumped from INR70.56m to INR589.86m over the same period, the latter of which is linked to the company’s current expansion plans. This resulted in a loss after tax of -INR804.7m in th... |
Sagar Cements to commission new clinker line18 May 2023, Published under Cement NewsSagar Cements plans to commission its new clinker line at Andhra Cements Ltd (ACL) during the current quarter. This forms part of an INR4580m (US$55.6m) investment programme by Sagar Cements to upgrade Andhra Cements’ capacities from 1.65Mta to 2.3Mta of clinker and from 1.8Mta to 3Mta of cement. The full upgrade programme is due to complete in the 2HFY24-25, according to The Hindu. According to Sagar Cements, it is expecting an incremental 1Mta from Andhra Cements in FY23-24. Sagar Ce... |
Nathdwara Cement commissions 0.8Mta of brownfield capacity16 May 2023, Published under Cement NewsNathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India. The company along with its subsidiary now has 17.05Mta grey cement capacity in the state of Rajasthan and its total grey cement manufacturing capacity, including that of Nathdwara Cement, now stands at 129.95Mta in India. |
Ambuja Cements adds 8Mta capacity15 May 2023, Published under Cement NewsAmbuja Cements is expanding its clinker capacity by 8Mta at its Bhatapara and Maratha units on the highest ESG standards with 42MW of waste heat recovery system, the ability to utilise 50 per cent alternative fuels and raw materials, and the provision to operate on green power. According to the company, the capacity expansion projects will enable the production of 14Mta of Blended Green Cement, following all requisite approvals. Ajay Kapur, Cement Business CEO of Ambuja Cements, sa... |