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India Cements reports loss in June 2023 quarter

The India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year earlier. The company s...
News - 07 August 2023

Bangladesh sets a target export revenue of US$15m in FY23-24

Bangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the target, experts r...
News - 07 August 2023

Adani Group updates expansion plans following SIL acquisition

The Adani Group has provided an update on its plans following the announcement of its acquisition of a majority stake in Sanghi Industries Ltd (SIL). According to The Telegraph, the group plans ...
News - 04 August 2023

Dalmia Cement (Bharat) Ltd orders Gebr Pfeiffer VRMs

Dalmia Cement (Bharat) Ltd has ordered one MVR 3750 C-4 each for two cement grinding plants, one in Ariyalur and one in Kadapa , India. The mills will produce ordinary Portland cement (OPC) ...
News - 04 August 2023

UltraTech Cement invests in wind power company

UltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per cent equity shares ...
News - 04 August 2023

Prism Johnson turns a profit in June quarter

India-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit after tax came in at...
News - 04 August 2023

Orient Cement reports profit dip in June quarter

Orient Cement Ltd , part of the CK Birla Group , has reported revenue from operations of INR8251.8m (US$99.8m) in the quarter ended 30 June 2023, up from INR7139.3m in the same period a year ear...
News - 03 August 2023

Ambuja Cements to acquire Sanghi Industries

Ambuja Cements , part of the Adani Group , has agreed to acquire a majority stake in Sanghi Industries , reports Reuters News. According to sources close to the transaction, the deal is expecte...
News - 02 August 2023

UltraTech commissions 1.2Mta Magdella expansion

UltraTech Cement has commissioned its 1.2Mta brownfield capacity expansion at Magdella , Gujarat. The project takes the plant’s total cement capacity to 1.93Mta. According to the company, Ultra...
News - 02 August 2023

Lubrication: a grease of cake?

Applying the correct lubricant at the correct time can significantly increase the life of roller bearings and avoid costly downtime of cement plant equipment. Lubricant producers have developed th...
Articles - 31 July 2023