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Ramco Cements announces 19% increase in revenue

India’s Ramco Cements has posted an 18.7 per cent YoY increase in consolidated revenue to INR15.03bn (US$200.1m) in the quarter ending September 2021. The company was reportedly supported by bette...
News - 27 October 2021

Orient Cement records 28% YoY revenue increase

India’s Orient Cement has recorded a consolidated revenue of INR6.13bn (US$81.63m) in the 2QFY21-22, up 28.4 per cent YoY from INR4.78bn in the comparable period of the previous fiscal. Net pro...
News - 27 October 2021

USG players see optimistic time ahead

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market started the month on a weak mode. The North Atlantic was experiencing side effects from the passi...
News - 26 October 2021

JK Cement looks to scale up biomass use with new MoU

India’s JK Cement has announced the signing of a long-term Memorandum of Understanding (MoU) with Punjab Renewable Energy Systems (PRES), the country’s largest biomass aggregation and densificatio...
News - 25 October 2021

Carbon Re receives GBP1m investment

The Clean Growth Fund, the UK venture capital fund, has co-led a GBP1m investment in Carbon Re, a UK climate tech start-up that uses Artificial Intelligence (AI) to cut CO₂ emissions in the g...
News - 21 October 2021

ACC reports 6% rise in EBITDA for the 3Q21

India’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax advanced 23.6 per c...
News - 20 October 2021

Malabar Cements meets opposition against new mine

India’s BJP district committee has opposed the move to open a new limestone mine in Walayar forest, Kerala, for Malabar Cements Ltd (MCL). The current mining permission for MCL will end in 2023...
News - 20 October 2021

Anhui Panjing Cement repeats KHD order for a production line optimisation

KHD (Humboldt Wedag India in collaboration with AVIC) has received another pyroprocess modification order from Anhui Panjing Cement Ltd Co. The follow-up project is the result of the successful c...
News - 20 October 2021

UltraTech Cement records net sales of INR117,430m 2QFY22

UltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,6...
News - 19 October 2021

Penna Cement receives approval for IPO

India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue of INR13bn and ...
News - 19 October 2021