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Ramco Cements reports 51% advance in sales

India’s Ramco Cements Ltd has reported sales of INR25.59bn (US$309.3m) in the quarter ended 31 March 2023 (4QFY22-23), marking a YoY increase of 51 per cent. Sales of cement and dry mortar produ...
News - 22 May 2023

JK Lakshmi Cement income hit by fuel expenses

India’s JK Lakshmi Cement has reported standalone total income of INR17,466.6m (US$211m) in the quarter ended 31 March 2023, compared to INR15,152.8m in the same period a year earlier. Net profi...
News - 22 May 2023

New slide in oil pushing coal lower and petcoke below US$100 due to demand fears after new rate hikes

By Frank O. Brannvoll, Brannvoll ApS, Denmark IMF downgraded global growth to 2.8 per cent and warned of a “rocky recovery” due to inflation and falling demand. The US Federal Reserve (Fed) ...
News - 22 May 2023

Sanghi Cements results hit by finance costs

Sanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earl...
News - 22 May 2023

Can CBAM create a level playing field for CO2 emissions?

This week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports r...
News - 19 May 2023

ACC launches Bagcrete

ACC Ltd has launched Bagcrete, a pre-blended and high-quality concrete for all types of construction jobs. According to the company, Bagcrete was created to offer the best compressive strength (...
News - 19 May 2023

Shiva Cement's income tumbles as expansion plans continue

Shiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced fro...
News - 18 May 2023

Sagar Cements to commission new clinker line

Sagar Cements plans to commission its new clinker line at Andhra Cements Ltd (ACL) during the current quarter. This forms part of an INR4580m (US$55.6m) investment programme by Sagar Cements to ...
News - 18 May 2023

Grinding terminals

The installation of grinding plants for the milling of cement and blastfurnace slag has rapidly increased in recent decades. With this shift in investment, there has been greater demand for flexib...
Articles - 16 May 2023

Nathdwara Cement commissions 0.8Mta of brownfield capacity

Nathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India.   The company along with its su...
News - 16 May 2023