Cement News tagged under: indian sub-continent
Bangladesh cement export turns in double-digit 7MFY23-2407 February 2024, Published under Cement NewsBangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 21.1 per cent YoY rise in cement exports also surpassed the target of US$8.68m for 7MFY23-24. Bangladesh had set a higher target export revenue of US$... |
Kohat Cement Company completes BMR05 February 2024, Published under Cement NewsKohat Cement Company Ltd (KCCL) informed the Pakistan Stock Exchange (PSX) on 1 February that the Balancing, Modernisation and Replacement (BMR) (pyro-process optimisation) of the existing 6700tpd grey cement production line located at Kohat, Khyber Pakhtunkhwa (KPK), has successfully been completed. It will help the company to bring operational and cost efficiencies to the plant. A last quarter report adds that the company commissioned a 10MW solar power project at its Kohat site in Augu... |
Fauji Cement Co expected to post mixed financial results05 February 2024, Published under Cement NewsAccording to AHL Research, Fauji Cement Co Ltd (FCCL) is scheduled to announce its financial result for 2QFY23-24 (October-December 2023) soon with an expected profit after tax of PKR2.347bn (US$8.39m) as compared to PKR2.764bn a year ago. This represents a fall of 15 per cent YoY. This will take the earnings for 1HFY23-24 (July-December 2023) to settle at PKR4.961bn compared to PKR5.079bn in 1HFY22-23. Despite a seven per cent YoY decline in total dispatches in 2QFY23-24, the top line is... |
Pakistan extends T&T implementation deadline02 February 2024, Published under Cement NewsThe Federal Board of Revenue (FBR) has launched the Track and Trace System (TTS) that was to be rolled out across the cement, sugar, fertiliser, beverages, tobacco, POL products and steel sectors from 1 July 2021 in Pakistan to enhance tax revenue, reduce counterfeiting and preventing the smuggling of illicit goods through the implementation of a robust, and has extended the deadline for cement manufacturers to fully implement the TTS to 30 April 2024. According to a local report, the last ... |
UltraTech Cement commissions Rajpura plant31 January 2024, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has announced the commissioning of a 2.6Mta greenfield grinding plant at Rajpura , Punjab, India. This project forms part of the 22.6Mta capacity expansion announced in June 2022. The additional capacity will help UltraTech service the markets in Punjab. With the plant’s commissioning, the company’s total grey cement manufacturing capacity in India now stands at 135.59Mta. |
Premier Cement Mills' profit balloons in 2QFY23-2430 January 2024, Published under Cement NewsPremier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period of 2022-23, a YoY increase of 2833 per cent. Managing director of Premier Cement, Mohammed Amir... |
Lucky Cement records 92 per cent jump in profit29 January 2024, Published under Cement NewsLucky Cement Ltd posted its financial result for 1HFY24 at the Pakistan Stock Exchange (PSX) on 26 January. The company announced unconsolidated earnings of PKR13.710bn (US$49m), showcasing a hefty jump of 92 per cent YoY. Gross sales increased to PKR79.26bn from PKR58.70bn over the same period. The company has decided to undertake a 28.8MW wind power project at the Karachi plant. The project is expected to be completed by 1QFY25. The company is also expected to increase solar capacities ... |
Adani Group's fast-track expansion26 January 2024, Published under Cement NewsAdani Group has seen fast-track expansion since May 2022, when it was the successful bidder to acquire Holcim India, consisting of ACC Ltd and Ambuja Cements. Built on a diverse industry portfolio - renewables, energy and utilities, transport and logistics, and financial services - the group is expected to bring strong investment to the Indian cement sector. The group's cement capacity is currently more than 70Mta in India. The US$10.5bn acquisition of Holcim India was completed in Septemb... |
Cement dispatches show mixed trend in January26 January 2024, Published under Cement NewsThe All Pakistan Cement Manufacturers Associations (APCMA) is yet to issue January 2024 cement dispatches data about local consumption and export. However, Topline Pakistan Research has forecast that Pakistan total cement sales in January 2024 will decline by 14-18 per cent YoY and MoM to reach 3.4Mt. According to a report, local cement dispatches are likely to fall by 15-19 per cent YoY and MoM to total 2.9Mt, primarily due to a slowdown in construction activities due to higher cost of co... |
Dalmia Bharat Ltd records INR2660m profit in 3QFY2425 January 2024, Published under Cement NewsDalmia Bharat Ltd reported profit after tax of INR2660m (US$32m) in the 3QFY23-24, up 22 per cent from INR2180m in the 3QFY22-23. Sales volume reached 6.8Mt in the 3QFY23-24. This was a rise of 8.1 per cent from the 6.3Mt recorded in the 3QFY22-23. The 3QFY23-24 EBITDA for the company amounted to INR7750m, a rise of 20.3 per cent from the INR6440m reported in the 3QFY22-23. Commenting on the quarter gone by, Puneet Dalmia, MD and CEO of Dalmia Bharat Ltd, said, “India has undergone a hu... |