Cement News tagged under: Indian subcontinent
DG Khan Cement reports 7% rise in revenue27 April 2021, Published under Cement NewsPakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit... |
Zuari Cement issued with closure order26 April 2021, Published under Cement NewsZuari Cement’s operations in Yerraguntla, Kadapa, has been issued with a closure order by India’s Andhra Pradesh Pollution Control Board (APPCB). The closure orders were issued to the company for failing to abide by the environmental conditions prescribed by the pollution control board, according to the New Indian Express. As a result, the APPCB has asked the local power distributor to disconnect power connectivity to the plant. |
ACC and Ambuja partner to research sustainable solutions23 April 2021, Published under Cement NewsIndia’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction work. The collaborative research study will be financially aided by the LafargeHolc... |
Power Cement posts surge in revenue21 April 2021, Published under Cement NewsPakistan’s Power Cement has seen its revenue surge 341 per cent to PKR10.96bn (US$71.39m) in the nine-month period ended 31 March, compared to PKR2.65bn in the year-ago period. Its profit after tax reached PKR110.5m against a PKR1.75bn loss in the 9MFY19-20. In the 3QFY20-21 revenue advanced to PKR4.1bn from PKR1.39bn, while profit after tax returned to PKR41.68m from a PKR1.38bn loss in the 3QFY19-20. |
ACC reports 74% rise in profit for the 1Q2120 April 2021, Published under Cement NewsIndia's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its... |
L&T Construction wins 3.5Mta project in India20 April 2021, Published under Cement NewsIndia-based Larsen and Toubro (L&T) Construction has announced several significant contracts across multiple sectors, including the cement industry, with values in the range of INR10-25bn (US$134-334m). As such, its building and factories segment won an order from one of the country’s leading cement manufacturers for a 3.5Mta brownfield project in Nimbahera, Rajasthan. The scope of work involves mechanical and civil works as well as equipment erection. |
Kohat Cement returns to profit in 3Q13 April 2021, Published under Cement NewsPakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma... |
Orient Cement's INR21bn project cleared to begin12 April 2021, Published under Cement NewsIndia’s environment ministry has reportedly cleared Orient Cement’s INR21bn (US$280.27m) expansion plan for its Telangana plant, according to the India National Press. In 2017 the company announced its plans to expand its Devapur plant in Telangana and Chittapur unit in Karnataka for an estimated capital expenditure of INR36bn. However, the plans were stalled and were with the environment ministry for the last two years as an expert panel sought several clarifications. |
NCL Industries reports 33% increase in production09 April 2021, Published under Cement NewsIndia’s NCL Industries has reported a 33 per cent YoY rise in cement production to 691,136t in the 4QFY20-21, compared to 519,339t in the year-ago period. Cement dispatches also advanced 38 per cent to 701,949t from 508,392t. The company’s production of cement boards reached 19,740t, while board dispatches was at 22,188t during the final quarter of the FY20-21. |
Maple Leaf Cement Factory increases clinker capacity07 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement Factory has expanded clinker capacity at Line 3 of its Iskandarabad plant in Punjab. The brownfield project has boosted the line’s capacity by 500tpd to 7800tpd. As a result, the company’s total grey clinker capacity has now reached 18,500tpd from 18,000tpd previously. This is in advance of the 7000tpd Line 4 project, which was announced last month. |