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Shree Cement to acquire railway siding operatorThe board of India’s Shree Cement Ltd has approved the acquisition of Raipur Handling and Infrastructure Pvt Ltd, a private railway siding operator, for INR590m (US$8.8m). The acquisition will ...News - 01 May 2018 |
Shree Cement reports 31% increase in net profitIndia’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net revenue surged 18....News - 30 April 2018 |
Long-term rail freight rates secured for Ramco and ZuariIndia’s South Central Railway (SCR) has signed a long-term tariff contract with Ramco Cements Ltd and Zuari Cements Ltd to transport freight traffic at fixed rates, according to The Hindu. Ramc...News - 27 April 2018 |
UltraTech CementUltraTech has commissioned a new greenfield plant with a 2.5Mta clinker capacity in Manawar, Madhya Pradesh, India. The plant’s kiln is designed for multi-fuel and alternative fuel (AF) use, while...Corporate - 26 April 2018 |
UltraTech Cement records revenue increase in 4QFY18India’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a st...News - 26 April 2018 |
Shree Digvijay Cement posts 63% rise in salesIndia-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin...News - 25 April 2018 |
Prism Cement changes name to Prism JohnsonIndia’s Prism Cement Ltd has changed its name to Prism Johnson Ltd, effective from 18 April 2018. ''To dispel the perception that Prism Cement Limited […] is only a cement company, the name of t...News - 23 April 2018 |
ACC announces 19% net profit increase in 1Q18India's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes and net sales, despi...News - 20 April 2018 |
Export of clinker from Pakistan on the riseThe Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while dem...News - 20 April 2018 |
Manufacturers fined for selling underweight cement bagsTwo manufacturers have been fined INR24,000 (US$363.30) for selling underweight cement bags in Pulwama, south Kashmir, according to the United News of India. The bags were found when the Field Exe...News - 20 April 2018 |