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Prism Cement reports 13% net sales increase in 4QFY18

India’s Prism Cement Ltd has reported a 13.4 per cent YoY increase in net sales to INR16.14bn (US$238.94m) for the 4QFY18. EBITDA surged 40.3 per cent to INR1.69bn, while its EBITDA margin expande...
News - 30 May 2018

Burnpur Cement announces net loss in FY18

India’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore, sales increased 419...
News - 30 May 2018

India Cements reports 56% slide in FY17-18 profits

India Cements Ltd reported a 56 per cent fall in net profits for the year ending 31 March 2018. Consolidated net profit decreased to INR707.2m, down from INR1.631bn in the previous financial year....
News - 29 May 2018

Saurashtra Cement records 43% net sales increase

India's Saurashtra Cement Ltd has reported a 43 per cent YoY increase in net sales for the 4QFY18, rising to INR1.82bn (US$26.7m) from INR1.27bn in the year-ago period. Net profit saw a 486.2 per ...
News - 29 May 2018

Grasim looks to invest INR59bn in modernising its cement plants

India’s Grasim Industries will invest over INR130bn (US$1.9bn) in its cement and textiles businesses over the next 24-36 months, as the company looks to increase capacity and modernise production,...
News - 25 May 2018

Ramco Cements reports 11% revenue increase in FY18

Ramco Cements Ltd has announced an 11 per cent YoY increase in revenue for FY18, rising to INR44.43bn (US$649.71m) from INR39.93bn of the previous year. However, its stand-alone profit after tax f...
News - 24 May 2018

Demerger of Century Textiles to UltraTech Cement

The Board of Directors of UltraTech Cement Ltd confirmed that Century Textiles will demerge its 'Cement Business' into UltraTech, in a company statement. "The transaction provides UltraTech the o...
News - 24 May 2018

Cumulative cement export revenue shows mix results in 10MFY18

Pakistani export revenues of cement during the first 10 months of current FY17-18 ended 30 April recorded a YoY fall of 3.6 and 9.4 per cent in terms of quantity and value in dollar, respectively...
News - 23 May 2018

L&T Construction wins order for cement plants

The Building and Factories sector of L&T Construction has won orders worth a total of INR40.33bn (US$592.74m) in the Indian domestic market, according to a BSE filing. This includes an order from...
News - 22 May 2018

Not out of the woods yet

As India’s cement industry recovers from demonetisation, the October-December 2017 quarter brought new tests of strength. While demand showed unusually-high growth, increased fuel and raw material...
Articles - 21 May 2018