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Adani Group refutes allegations of fraud

Adani Group has strongly refuted the allegations made by the US Department of Justice and the US Securities and Exchange Commission against its chairman Gautam Adani, and other executives, in co...
News - 21 November 2024

Domestic cement demand continues to decline in Iran

Iranian domestic cement sales contracted 2.5 per cent YoY to 5.919Mt in October, down from 6.070Mt a year earlier, according to the Iranian cement association.    Contrastingly, producers manuf...
News - 20 November 2024

UltraTech Cement scales up EV transport operations

UltraTech Cement Ltd, India's largest cement and ready-mix concrete company, has announced that it is scaling up the use of Electric Vehicles (EV trucks) for movement of material and products in...
News - 19 November 2024

Ramco Cements posts financial results for 2QFY24-25

Ramco Cements Ltd (India) has shared financial results for the 2QFY24-35, highlighting that the company is on track to achieve its asset monetisation target as previously committed. The compa...
News - 14 November 2024

Orient Cement reports 24% drop in 2Q income

Orient Cement Ltd , based in Bhubaneswar, India, and part of Ambuja Cements Ltd , reported a total income of INR5476m in the quarter ended 30 September 2024 (2QFY24-25), down 24.2 per cent from ...
News - 13 November 2024

UltraTech Cement partners with UCLA on zero carbon lime Technology Pilot

UltraTech Cement Ltd , India’s largest cement and ready-mix concrete (RMC) producer, has signed an agreement with the Institute for Carbon Management (ICM) at UCLA to pilot the Zero Carbon Lime (...
News - 08 November 2024

GCCA India and Xynteo sign MoU for decarbonisation

The Global Cement & Concrete Association (GCCA) India and Xynteo announced the signing of a Memorandum of Understanding (MoU), marking GCCA India's partnership with Xynteo's Build Ahead coalition....
News - 06 November 2024

Kanodia Cement raises funds for expansion

Kanodia Cement (India) is planning to expand its cement capacity to 10Mta (from 5Mta) and is looking to raise funds for such an expansion through a public issue.  Kanodia Cement is planning t...
News - 30 October 2024

JK Cement announces 75% drop in net profit for 2Q24

JK Cement Ltd has announced a steep 74.7 per cent YoY drop in its net profit for the July-September 2024 quarter, with earnings falling to INR452m (US$5.38m), far below analysts' estimates of IN...
News - 29 October 2024

Çimsa’s focus on sustainability and innovation

This month, ICR speaks with Umut Zenar, CEO at Çimsa, one of the key players in the Turkish cement industry, about the company’s implementation of its decarbonisation plans and its transformation ...
Articles - 29 October 2024