Cement News tagged under: Aditya Birla

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UltraTech Cement Ltd reports net sales of INR150,070m in 1QFY23

25 July 2022, Published under Cement News

UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 30 June 2022 with consolidated net sales of INR150,070m (US$1.88bn) versus INR116,980m over the corresponding period of the previous year.  After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity.   Profit before interest, depre...

UltraTech Cement: growing a giant

14 January 2022, Published under Cement News

UltraTech Cement (Aditya Birla group) has been increasing its cement capacity this week with the opening of Line II at its Bara grinding unit in Uttar Pradesh, India. This has taken the group's cement capacity up to 114.55Mta, consolidating its position as one of the world's largest cement manufacturers outside of China. The company's rise has been truly outstanding since its establishment of the first plant for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement) in 1983-88. From a f...

UltraTech Cement commissions Bara grinding unit Line II

13 January 2022, Published under Cement News

UltraTech Cement (Aditya Birla Group) has commissioned Line II of its Bara grinding unit in Uttar Pradesh, India, having cement capacity of 2Mta. Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 per cent, says the company.     This additional capacity will help the UltraTech Cement to service the fast-growing cement demand in the central region in the country.   Together with this expansion, during the FY21-22 the c...

UltraTech Cement

28 August 2019, Published under Cement News

UltraTech Cement, an Aditya Birla Group company, almost doubled its net profit in the quarter ending 30 June 2019, on the back of merger synergies and improved operational efficiency. Consolidated net profit for the three-month period came in at INR12.08bn (US$168.4m), up 91 per cent YoY from INR6.31bn, while profit before interest, depreciation and tax advanced from INR17.6bn to INR28.4bn. Its Nathdwara Cement company has now completed a major overhaul of its plants, which have “achieved...

Grasim Industries's net profits rise by 28% in 1QFY19

15 August 2019, Published under Cement News

Grasim Industries (Aditya Birla Group) recorded a consolidated net profit rise of INR17,860m (US$250.4m) for the June quarter, up by 27.86 per cent, with strong performances from its subsidiaries UltraTech Cement and Aditya Birla Capital. The company’s total income increased by 12.72 per cent to INR19,091bn during April-June 2019, up from INR16,937bn. Revenues form the cement business during the quarter stood at INR10,177bn, a rise of 14.35 per cent on the corresponding quarter of last year.

Aditya Birla eyes stake in Jaiprakash cement business

26 June 2012, Published under Cement News

The Aditya Birla group is emerging as the frontrunner to acquire a stake in Jaiprakash Associates Ltd's (JAL) cement business, according to local press reports. "We have emerged as the front-runner. There were not too many serious players, except one multinational company," LiveMint quoted a senior Aditya Birla representative as saying. "The idea is to buy out a part of the stake from JP Associates' cements business. The acquisition could be as big as US$1bn." The exercise is aimed at redu...

Aditya Birla to invest INR57.5bn in cement expansion, India

08 June 2012, Published under Cement News

Indian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state of Karnataka, Chairman Kumar Mangalam Birla said on Thursday. Reuters reports that the group plans to invest INR57.5bn rupees in new cement facilities and about INR11.6bn in expanding its metal and chemical plants in the state. The invesments will be made over the next three years and are in addition to about INR60bn...

FLSmidth secures Kalina power plant contract in UAE

08 June 2012, Published under Cement News

The Directors of Wasabi Energy have announced that the company's Kalina Cycle licensee, FLSmidth has secured a contract to install its second Kalina Cycle power plant utilising waste heat from a major cement plant. The new contract is for a 4.75 MWe Kalina Cycle power plant which will be installed by Q2 CY2013 at Star Cement's cement plant in Ras Al Khaimah, United Arab Emirates. ??Star Cement Co. LLC was acquired in 2010 by UltraTech Cement which is part of the Aditya Birla Group. Was...

Aditya Birla plans Karnataka cement plant, India

07 June 2012, Published under Cement News

Aditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he expects the plant to start operations in the next two years.

Grasim appoints managing director, India

08 March 2012, Published under Cement News

The Aditya Birla Group of India on Tuesday appointed KK Maheshwari as managing director of Grasim Industries as the company prepares to grow its businesses in India and overseas. Maheshwari, who has been whole-time director of Grasim until now will assume charge as MD immediately, a post created for the first time in the history of the 65 year old company. "The Grasim board decided to have a managing director to assist the chairman in implementing growth plans for the company," Maheshwari ...