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Prism Johnson transfers land and mining lease to Ramco CementsPrism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 acres. Prism Joh...News - 10 July 2023 |
Early decarbonisation initiatives are a win-winThe pace of decarbonisation for cement producers worldwide varies significantly depending on a multitude of factors, both internal and external to the company. Industrial regulation and resourc...News - 07 July 2023 |
LIC reduces stake in India Cements LtdIndia-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and July 2023. LIC now h...News - 06 July 2023 |
Indian cement demand to rise 7-8% in FY24Cement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain on a par with FY22-2...News - 05 July 2023 |
Orient Cement sees revenue advance in FY22-23Orient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765...News - 05 July 2023 |
Bangladesh cement export revenue jumps 43% YoYBangladesh has reported 42.7 per cent YoY growth in cement export revenue to US$13.66m in FY22-23 (July 2022-June 2023). This compares to US$9.57m in the same period a year earlier. According to ...News - 05 July 2023 |
Freight rates weaken on reduced new ordersThe USG Supramax spot freight segment looked weak due to the limited fresh orders in the market. Rates were slipping as tonnage continued to pile up for spot laycan dates. Fixing activity was q...News - 05 July 2023 |
Shree Cement reports 18% YoY revenue growthShree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 came in at INR33,7...News - 04 July 2023 |
UltraTech sales advance 20% in 1QFY23-24UltraTech has announced 20 per cent YoY growth in sales volumes in India in the opening quarter of FY23-24 (March-June 2023). Volumes over the three-month period came in at 29.01Mt, compared to ...News - 03 July 2023 |
Shree Cement commissions Purulia plantShree Cement announced the completion of its INR5.5bn greenfield cement plant in Purulia, Bengal, India. The 3Mta cement plant is its first production facility in Bengal and has started trial ...News - 03 July 2023 |