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Shree Cement sees 4% increase in revenue in 1Q22Shree Cement has reported a 3.9 per cent YoY uptick in revenue to INR40.99bn (US$527.8m) in the opening quarter of 2022. Sales volumes over the same period slipped two per cent to 8Mt, while EBI...News - 24 May 2022 |
Prices expected to fall after excise duty cut on fuelThe cut in excise duty on fuel by India’s government is expected to lead to price reduction for cement users as the cement industry saves on transport and freight costs, according to companies and...News - 24 May 2022 |
Nuvoco Vistas Corp sees 24% increase in revenue in FY21-22India-based Nuvoco Vistas Corp has announced its audited financial results for the financial year ended 31 March 2022. Consolidated revenue from operations improved by 24 per cent to INR93.18b...News - 23 May 2022 |
JK Cement 4Q net profit advances 36%Indian cement producer JK Cement reported a standalone net profit of INR862.6m (US$11.1m) for the quarter ended 31 March 2022, representing an increase of 36.2 per cent when compared with the 1Q...News - 23 May 2022 |
What to make of Holcim's Indian exit?Holcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement sector and Holcim goi...News - 20 May 2022 |
UltraTech Cement opens second clinker line at HirmiUltraTech Cement , the country’s largest cement producer, has added 2.7Mta of capacity by commissioning a second clinker line at Hirmi Cement plant in Chhattisgarh. The company will add another...News - 18 May 2022 |
Star Cement posts net profit riseStar Cement Ltd saw a 24.2 per cent advance in revenues to INR7.49bn (US$96.6m) in the January-March 2022 quarter from INR6.03bn in the corresponding period of the previous year. The company’s...News - 18 May 2022 |
Government looks to dispose of Adilabad cement plantIt may soon be the end for the Cement Corporation of India ’s Adilabad plant as the government has taken initial steps for its disposal. Online electronic bids are being invited for the appoin...News - 18 May 2022 |
Adani Group acquires Holcim IndiaAdani Group has agreed to purchase Holcim India for CHF6.4bn (US$6.37bn). The deal includes Holcim’s 63.11 per cent stake in Ambuja Cement, which owns a 50.05 per cent interest in ACC, as well a...News - 16 May 2022 |
Pakistan cements export plunges in April and 10MFY22Pakistan's cement exports continued to fall in April alone and 10MFY22, in particular due to high freight costs and other local factors, according to Pakistan Bureau of Statistics. Experts sta...News - 16 May 2022 |