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Shree Digvijay Cement sees 36% revenue increase

India’s Shree Digvijay Cement Co Ltd has reported a 36 per cent YoY increase in revenue in the 3QFY23 (ended 31 December 2022) to INR2064.4m (US$25.3m). EBITDA over the same period came in at IN...
News - 27 January 2023

Energy demand drops, lowering oil, gas and coal prices with petcoke discounts back in neutral

By Frank O. Brannvoll, Brannvoll ApS, Denmark The central banks continued interest rate hikes with 0.50 per cent in December, promising more to come. This has led to greater expectations of r...
News - 26 January 2023

Sagar Cements sees profits tumble in 2022

India's  Sagar Cements Ltd  (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m seen in the same ...
News - 24 January 2023

UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY22

UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) compared to INR127...
News - 23 January 2023

USG freight market sees softening rates

By Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from the region were...
News - 23 January 2023

Tackling plastic waste management in Asia

With 12bnt of plastic waste predicted in the environment by 2050, the OPTOCE Regional Forum, held on 27-28 October 2022, discussed tackling plastic waste management in China, India, Myanmar, Thail...
Articles - 23 January 2023

Dangote Cement appoints new CEO

Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director.  Mr Pathak will replace Frenchman Michel Puchercos, who will leave his position at the end of ...
News - 20 January 2023

Sagar Cements wins bid to acquire Andhra Cements

Sagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the resolution plan filed...
News - 18 January 2023

Winter and sanctions lifts coal and gas in Europe – petcoke discounts attractive again as petcoke drops slightly

By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation remains high and central banks continue to increase interest rates albeit at a slower pace. This has now led to widespread expectation...
News - 18 January 2023

UltraTech improves CDP climate action rating to A-

UltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech receive...
News - 17 January 2023