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JK Cement sees continued revenue growth

JK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m in the same quarter ...
News - 25 January 2024

NCCB appoint new chairman

Neeraj Akhoury, president of the Cement Manufacturers’ Association and MD of Shree Cement Ltd, has been appointed as the chairman of the National Council for Cement and Building Materials (NCCBM) ...
News - 25 January 2024

Shree Cement begins production at Nawalgarh plant

India’s Shree Cement has commenced commercial production at its 4.2Mta cement plant in Nawalgarh . The facility, which is located at Village Gothra, Nawalgarh Tehsil, Rajasthan, began productio...
News - 23 January 2024

Energy complex continued lower with petcoke seeing new lows and higher discounts

By Frank O. Brannvoll, Brannvoll ApS, Denmark The energy complex fell further in December but recovered by the end of 2023. In geopolitical terms, the Israel-Gaza conflict has seen increa...
News - 23 January 2024

UltraTech Cement records consolidated net sales of INR164bn

UltraTech Cement Ltd ( Aditya Birla Group ) has released its financial results for the quarter ended 31 December 2023, reporting consolidated net sales of INR164,870m (US$1.983bn) compared with ...
News - 22 January 2024

High volatility in USG Supramax/Ultramax markets

By Brannvoll ApS, Denmark The first half of the month went very well for the Supramax/Ultramax owners in USG. The market was strong with levels increasing considerably as demand remained health...
News - 22 January 2024

Adani Group ponders new cement plant in Godda

Adani Group is considering to build a cement plant in Santhal Pargana, having set up a 1600MW thermal power plant in Godda that will come on-stream mid-2024. A company spokesperson said: “In ke...
News - 22 January 2024

Ambuja Cements to invest INR14bn in 6Mta Telangana plant

Ambuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing....
News - 18 January 2024

UltraTech invests in renewable energy specialist

UltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renew...
News - 15 January 2024

Sika posts record sales in 2023

Sika reports record sales of CHF11.24bn in 2023, up 7.1 per cent YoY in Swiss franc terms and 14.5 per cent in local currency terms. There was a high negative foreign currency effect of -7.4 per c...
News - 12 January 2024