Cement News tagged under: indian subcontinent
Indian cement industry embraces EV trucks24 May 2024, Published under Cement NewsThe Indian cement industry is piloting the use of EV trucks with the deployment of around 150 E-trucks as part of the country’s drive to promote green logistics. According to The Times of India, the country’s cement industry, which is home to a cement production capacity of around 670Mta, hopes that the use of E-trucks will help reduce operating costs as long as hurdles such as the higher cost of ownership and the weight of the batteries can be overcome. “Despite challenges such as hig... |
Ambuja Cements commissions unloader at Karanja Port to speed up deliveries23 May 2024, Published under Cement NewsAmbuja Cements has commissioned a bulk cement vessel unloader at Karanja Port, India. According to BusinessLine, the investment has been made to enable the company to easy transport cement from its Sanghipuram plant to Mumbai. It forms part of Ambuja’s ongoing efforts to optimise operational efficiency, reduce logistics challenges, and provide its customers with a seamless supply chain. By reducing the lead time to delivery, Ambuja hopes to help meet cement demand in Mumbai, which is ... |
JSW Cement invests US$360m in new plant21 May 2024, Published under Cement NewsJSW Cement is planning to build a new cement plant in Rajasthan, giving the company access to India’s northern markets. The proposed facility will have a cement capacity of up to 3.3Mta and an 18MW power plant, according to Mint. The INR30,000m (US$360m) investment is being funded through a mix of equity and long-term debt. “The proposed investment to establish our integrated cement facility in Nagaur puts JSW Cement firmly on its path to achieving a pan-India footprint within the next... |
Udaipur Cement Works 4Q net profit up 17%20 May 2024, Published under Cement NewsIndia-based Udaipur Cement Works posted a net revenue of INR34.835bn (US$418.3m) in the January-March 2024 quarter (4QFY23-24), an increase of 18.2 per cent YoY from INR29.464bn in the 4QFY22-23. The company’s net profit increased 17.2 per cent YoY to INR197.9m in the 4QFY23-24 from INR168.9m in the year-ago period. Operating expenses increased by 14.9 per cent to INR2.874bn in the 4QFY23-24 from INR2.502bn in the equivalent period of the previous year while other income increased by 4... |
Andhra Cements posts income growth QoQ16 May 2024, Published under Cement NewsIndia’s Andhra Cements , part of Sagar Cements , has posted total income of INR993m (US$11.89m) in the quarter ending 31 March 2024. This is up from INR984m in the previous quarter. The net loss for the March 2024 quarter came in at INR188m, down from a loss of INR212m in the previous quarter. Basic earnings per share over the same period improved from -INR2.30 to -INR2.04. For the year ended 31 March 2024, total income stood at INR2766m with a net loss for the 12-month period of INR65... |
JK Cement sees revenue rise in March quarter13 May 2024, Published under Cement NewsIndia-based JK Cement has reported total income of INR29,820.3m (US$357m) in the quarter ended 31 March 2024, compared to INR27,006.7m in the same quarter a year earlier. Profit after tax over the same period advanced from INR1393.6m to INR2359.5m, while basic earnings per share improved from INR18.04 to INR30.54. Total expenses increased from INR25,102.8m in the three months ended 31 March 2023 to INR26,332.5m in the same period a year later, mainly driven by higher purchases of stock ... |
Birla Corp reports 127% jump in net profit07 May 2024, Published under Cement NewsBirla Corp has continued its steady progress of the first three quarters of fiscal 2023-24 to end the year on a high, with record cement sales by volume and a 127 per cent growth in net profit in the March quarter, despite unusually weak market conditions. After steadily ramping up the Mukutban unit, the company’s cement division achieved a capacity utilisation rate of 97 per cent for the March quarter, marking yet another milestone. Consolidated net profit for the March quarter came i... |
Power Cement to acquire solar power plant at Sindh06 May 2024, Published under Cement NewsPower Cement Ltd (PCL) has signed a term sheet with Burj Solar (Pat) Ltd for the development and financing of a 9.6MW wind power project at Deh KaloKohar, Nooriabad Industrial Estate, District Dadu (Sindh), Pakistan. The project aims to reduce approximately 15,000t of carbon emissions annually while generating around 30GWh of clean energy annually. "This project aims to reduce our reliance on fossil fuels and promote sustainable development," said Salman Gogan, Power Cement's company secr... |
Orient Cement posts INR682 4Q net profit03 May 2024, Published under Cement NewsCK Birla Group subsidiary Orient Cement Ltd reported a 1.4 per cent uptick in revenue from operations to INR8.88bn in January-March 2024 when compared with the equivalent quarter of the previous year, when revenue reached INR8.76bn. Total expenses rose marginally to INR7.855bn. The company's net profit edged up by 1.2 per cent YoY to INR681.9m in the 4QFY23-24 from INR673.7m in the year-ago period. For the financial year ended 31 March 2024, Orient Cement's profit increased 42.4 per c... |
Pakistan cement association voices concerns over law and order03 May 2024, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has expressed its concerns over the deteriorating law and order situation in Pakistan. “The law and order situation in Dera Ismail Khan, Dera Ghazi Khan, Kohat, Mianwali and adjacent areas has seriously jeopardised the day-to-day operations of the areas’ cement units,” said the spokesman of APCMA. Recently some workers of a cement unit in one of the above-mentioned areas were kidnapped by terrorists and they killed one of them, he a... |