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Indian demand decline slows in MayDespite expectations of a significant decline, Indian cement dispatches are estimated to have only fallen by 15-20 per cent in May, compared with an 80-86 per cent drop in the previous month. The ...News - 19 June 2020 |
Mangalam Cement sees net sales rise 3% in FY19-20India’s Mangalam Cement has reported net sales of INR3.04bn (US$39.79m) in the quarter ending 31 March 2020, a 7.9 per cent YoY decline compared to INR3.3bn in the 4QFY18-19. However, net profit s...News - 18 June 2020 |
India Cements denies reports of acquisitionDespite recent reports, India Cements has denied that Radhakishan Damani, owner of Avenue Supermarts Ltd, will be acquiring a controlling interest in the company. Mr Damani currently holds a sta...News - 18 June 2020 |
JK Cement reports 4Q results and receives approval to raise INR2.5bnIndia’s JK Cement has reported a 99.9 per cent decline in net profit to INR2.3m (US$30,194) in the final quarter of FY19-20, compared with INR1.5bn in the year-ago period. Net revenue edged up to ...News - 18 June 2020 |
JSW Cement delays expansion and listing plansIndia’s JSW Cement has deferred its expansion plans by around 6-12 months and further delayed its listing on the bourses. The company’s plans would have seen it reach 25Mta of capacity by 2023. ...News - 16 June 2020 |
Dalmia Bharat posts 4Q net profit of INR240mDalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020. The company posted a net profit of INR2.63bn in the January-March quarter of the...News - 16 June 2020 |
Telangana producers asked to cut pricesTelangana’s Minister of Municipal Administration, KT Rama Rao, and Prashanth Reddy held a meeting with cement industry leaders to ask them to reduce prices to INR230/bag so that the real estate se...News - 15 June 2020 |
Economic survey reviews Pakistan cement industry for FY19-20The Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry, accounts of dispatc...News - 12 June 2020 |
Saurashtra Cement shuts down kiln for maintenanceIndia's Saurashtra Cement has shut down its kiln and all the relevant downstream equipment situated at its Ranavav plant, Gujarat, for maintenance operations. The maintenance programme is expected...News - 08 June 2020 |
UltraTech Cement reduces capex plans to INR10bn in FY20-21India’s UltraTech Cement has announced that it will be restricting its capital expenditure plans to INR10bn (US$132.42m) during the current fiscal year, following the disruptions caused by the COV...News - 05 June 2020 |