Cement News tagged under: indian subcontinent
Orient Cement begins Devapur expansion09 May 2023, Published under Cement NewsOrient Cement (part of the CK Birla Group ) has laid the foundation stone for the expansion of its integrated cement plant in Devapur , Adilabad District, Telangana. The INR20,000m (US$243.6m) project will increase the plant’s cement production capacity from 5Mta to 8Mta. With the expansion expected to provide 4000 new direct and indirect job opportunities, the local Telangana government is also setting up a skill development centre near Devapur, offering training to local young peo... |
Bangladesh: building the future08 May 2023, Published under Cement NewsBangladesh’s economy remained resilient and continued its strong post-pandemic resurgence in 2022, but the medium-term outlook is uncertain due to global challenges. With the government investing in infrastructure projects, EBL Securities looks at the prospects for the industry as the country looks to build a stronger future. By EBL Securities Ltd, Bangladesh. The long-term demand outlook for the Bangladeshi cement industry remains positive with higher single- to double-digit growt... |
Shree Digvijay Cement reports 15% revenue growth in 4QFY2302 May 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd (SDCC) has reported a 15 per cent YoY increase in revenue in the 4QFY22-23, ending 31 March 2023. Revenue for the quarter came in at INR1952m (US$23.9m), up from INR1692m in the same period a year earlier. Over the same period, EBITDA advanced from INR305.9m to INR410.6m, while profit after tax expanded from INR128.9m to INR244.2m. The company sold 3.34Mt of cement over the quarter, up on the 3.25Mt recorded in the 4QFY21-22. “Despite very high cost... |
Dalmia Bharat reports 20% revenue growth in FY2327 April 2023, Published under Cement NewsDalmia Bharat Ltd has reported a 20 per cent YoY increase in revenue to INR135.4bn (US$1653m) in FY22-23, ended 31 March 2023. EBITDA over the same period fell 4.5 per cent YoY to INR23,160m, while profit after tax advanced by 27.6 per cent to INR10,790m. Sales volumes for FY23 came in at 25.7Mt, up 15.9 per cent from the 22.2Mt reported in the same period a year earlier. In the 4QFY22-23, revenue improved by 15.7 per cent YoY to INR39,120m, while EBITDA increased by 3.5 per cent to IN... |
UltraTech Cement's Rawan plant wins Kaizen awards25 April 2023, Published under Cement NewsUltraTech Cement ’s integrated cement manufacturing unit Rawan Cement Works, located in Rawan village of Raipur district, Chhattisgarh, has won three Platinum awards and one Silver award at the prestigious 45th Confederation of Indian Industry (CII) National Kaizen competition, organised by the CII Institute of Quality. These awards are a recognition of the unit team’s commitment to customers to ‘manufacture cement based on quality standards incorporating customer expectations’. ... |
Fauji Cement reports 30% leap in profit in 9MFY22-2320 April 2023, Published under Cement NewsPakistan’s Fauji Cement Company has reported a 30.4 per cent YoY increase in profit in the nine months ended 31 March 2023 (9MFY22-23). Profit over the period came in at PKR6.97bn (US$24.67m), up from PKR5.35bn in the same period a year earlier. The increase is being attributed to higher gross margins and net finance income, according to Mettis Link News. Net revenue over the nine months came in at PKR51.9bn, up 35.2 per cent YoY, with better margins on the back of price hikes helping t... |
Ambuja Cement and ACC win influencer award18 April 2023, Published under Cement NewsAmbuja Cements and ACC , part of Adani Cement and the Adani Group, have scooped the Digital Customer Experience Award 2023 for ‘Best Customer & Influence Engagement Initiatives’, organised by Gainskills Media. Brands from across the banking, retail, manufacturing, logistics and supply chain, pharmaceuticals, automobile, and insurance sectors attended the event to showcase their customer experience initiatives. Ambuja Cements and ACC presented their customer and influencer engagement ... |
Dalmia Bharat outlines next phase of expansion13 April 2023, Published under Cement NewsDalmia Bharat Ltd is planning to expand its cement production capacity to 75Mta by 2027, from its current capacity of 39Mta. The first phase of this expansion will see capacity increase to 54Mta by the close of FY23-24. Through these expansion plans, the company is aiming to reduce its exposure in the east-south region and focus primarily on the western, mid and northern regions, according to The Hindu. With India’s cement consumption forecast to rise faster than its GDP, the cement pro... |
Sagar Cements suspends production at Mattampally11 April 2023, Published under Cement NewsIndia's Sagar Cements Ltd announced on 6 April 2023 that it was suspending clinker production at its plant in Mattampally , Telangana State. The shutdown is due to maintenance works and is expected to last for 15 days. |
UltraTech sees 12% hike in sales volume in FY22-2304 April 2023, Published under Cement NewsUltraTech Cement , part of Aditya Birla Group , has reported a 12 per cent advance in consolidated sales volume, including its overseas operations in UAE, Bahrain and Sri Lanka, to 106Mt in the FY22-23, ending March 2023. In the 4QFY22-23 sales volumes were up 15 per cent YoY to 30Mt from 26Mt while consolidated sales increased by 14 per cent YoY to 32Mt from 28Mt. |