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No stopping India's cement capacity rise

India is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many...
News - 20 August 2021

Star Cement reports 50% growth in profit

India’s Star Cement has seen its standalone net profit grow 50.4 per cent YoY in the quarter ending 30 June 2021, increasing to INR541.8m (US$7.3m) from INR360.3m. Net revenue was up 76.7 per ce...
News - 17 August 2021

JK Cement sees surge in consolidated net profit

India’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the year-ago period. Reve...
News - 16 August 2021

Anjani Portland Cement sees 51% revenue increase

India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous ...
News - 16 August 2021

Sharp coal rally drives petcoke higher to widen discounts – new demand fears and OPEC+ agreement sent oil falling

By Brannvoll Aps, Denmark The euro is seen in the US$1.17-1.20 range with the US infrastructure package expected to support the dollar in the short-term. As forecast, inflation fears evaporat...
News - 16 August 2021

ACC sets out 2030 sustainability targets

ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Based Targets initiat...
News - 13 August 2021

India Cements reports 35% increase in revenue

India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR...
News - 13 August 2021

Shree Cement appoints new chief sustainability officer

India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthenin...
News - 12 August 2021

Shree Cement sees 79% net profit increase

India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period....
News - 11 August 2021

Geocycle India increases waste management performance

Geocycle India, the waste-management arm of ACC Ltd and Ambuja Cements (Holcim group) has so far co-processed 2Mt of waste and achieved a thermal substitution rate (TSR) of six per cent in 2021.  ...
News - 11 August 2021