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India Cements announces capex plans

India Cements plans to spend around INR7000m (US$84m) on capex over the next two years, primarily to improve operational efficiency, according to BusinessLine Online. Among its improvement init...
News - 30 May 2024

Deccan Cements posts revenue advance YoY

India’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit ...
News - 29 May 2024

UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement

UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction ...
News - 28 May 2024

Anjani Portland Cement sees revenue advance YoY

Anjani Portland Cement has reported total revenue of INR1282.8m (US$15.4m) in the quarter ended 31 March 2024. This compares to INR960.5m in the same period a year earlier. A net loss of INR16.3...
News - 28 May 2024

Ramco Cements posts 4QFY24 results

India-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compa...
News - 24 May 2024

Indian cement industry embraces EV trucks

The Indian cement industry is piloting the use of EV trucks with the deployment of around 150 E-trucks as part of the country’s drive to promote green logistics. According to The Times of India, ...
News - 24 May 2024

Ambuja Cements commissions unloader at Karanja Port to speed up deliveries

Ambuja Cements has commissioned a bulk cement vessel unloader at Karanja Port, India. According to BusinessLine, the investment has been made to enable the company to easy transport cement from ...
News - 23 May 2024

USG Supramax/Ultramax shows stable market fundamentals

By Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market started the month on a soft mode, but eventually made a positive turn, slowly but confidently. A tightening tonnage list for s...
News - 23 May 2024

JSW Cement invests US$360m in new plant

JSW Cement is planning to build a new cement plant in Rajasthan, giving the company access to India’s northern markets. The proposed facility will have a cement capacity of up to 3.3Mta and an 1...
News - 21 May 2024

Udaipur Cement Works 4Q net profit up 17%

India-based Udaipur Cement Works posted a net revenue of INR34.835bn (US$418.3m) in the January-March 2024 quarter (4QFY23-24), an increase of 18.2 per cent YoY from INR29.464bn in the 4QFY22-23...
News - 20 May 2024