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Ambuja Cement's open offer for Sanghi Industries date set

Andani group-owned Ambuja Cements ' open offer to acquire 26 per cent equity from the public shareholders of Gujarat-based cement maker Sanghi Industries would commence from 29 September, acc...
News - 23 August 2023

Petcoke discount falls sharply, energy complex rises driven by oil

By Frank O. Brannvoll, Brannvoll ApS, Denmark The fight against inflation is still the focus point for the US Federal Reserve Bank and the European Central Bank, which both raised interest r...
News - 22 August 2023

Freight rates drifting lower after short rebound

By Brannvoll ApS, Denmark The USG Supramax spot freight market started the month on a strong note. Rates were rising across all routes as a region was supported, especially on fronthaul directi...
News - 22 August 2023

JK Cement's Aligarh plant boosts renewable energy

Ampln Energy Transition, an energy transition platform, has begun supplying 10MWp of solar power from its 30MWp solar plant in Mishrikh, Uttar Pradesh, India, to JK Cement’s Aligarh plant. The mo...
News - 21 August 2023

Sanghi Industries reports loss of income in June quarter

Sanghi Industries Ltd has posted total income of INR1702m (US$20.46m) in the quarter ended 30 June 2023. This compares to INR2270m in the previous quarter and INR3448.5m in the same quarter in 2...
News - 15 August 2023

UltraTech Chairman sets new capacity goal at AGM

In FY22-23 UltraTech Cement recorded net revenues of US$7.9bn (INR632,400m) and an EBITDA of US$1.4bn (INR111,230m).   FY22-23 marked significant milestones for UltraTech as the first Indian ce...
News - 14 August 2023

Grasim Industries sees revenue improve 11%

Grasim Industries, which owns UltraTech Cement , has reported revenue of INR310,650m (US$3753m) in the quarter ended 30 June 2023, marking an 11 per cent improvement YoY. Net profit over the same...
News - 11 August 2023

Burnpur Cement profits hit by higher costs

India-based Burnpur Cement Ltd has reported total income from operations of INR497.2m (US$6m) in the quarter ended 30 June 2023. This compares to INR469.7m in the previous quarter and INR312.9m in...
News - 10 August 2023

Mangalam Cement reports fall in revenue

Mangalam Cement Ltd , part of BK Birla Group, has reported revenue from operations of INR4205.3m (US$50.8m) in the quarter ended 30 June 2023. This compares to INR4593.3m in the previous quarter ...
News - 09 August 2023

Mining sector dominates FLSmidth 1Q23 results

FLSmidth has reported group revenue of DKK6016m (US$886.6m) in the first quarter of 2023, up 27.8 per cent from the DKK4706m recorded in the 1Q22. Group EBITA over the same period declined 22.2 pe...
News - 08 August 2023