Cement News tagged under: India

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Shree Cement records 37% net profit increase

16 August 2019, Published under Cement News

India’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profit surged 36.8 per cent to INR3.82bn from INR2.79bn. The cement segment saw an 8.5 per cent rise in revenue to INR31.15bn, compared with INR28.69bn in the year-ago period. While cement sales volumes contracted 13 per cent to 6.1Mt, this was offset by higher prices. Standalone revenue recorded a modest decline of 2.4...

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.

CMA hold meeting with Singareni Collieries Co Ltd

15 August 2019, Published under Cement News

India's Cement Manufacturers Association (CMA) has held a constructive interaction with Singareni Collieries Co Ltd (SCCL). The meeting organised by the CMA with the senior officials of SCCL in Hyderabad saw a commitment on both sides to work towards improving offtake of coal by the cement industry. CMA felt extremely reassured by the positive response received from Dr J Allwyn, executive director (Coal Movement), SCCL and N V Rajasekhar Rao, deputy general manager (Marketing), SCCL. The s...

Birla Corp announces INR50bn expansion plans

14 August 2019, Published under Cement News

India’s Birla Corp has announced plans to increase its total cement capacity to 25Mta by 2025, with an investment of INR50bn (US$701.5m). The new capacity will be shared between the company’s existing facilities and those acquired from Reliance Cement. The first phase of expansion will see an investment of INR24.5bn in a new integrated plant at Mukutban, Nagpur, to boost overall capacity to 19.5Mta. A further INR2.5bn will be spent on a third line at its Lucknow facility taking it to 3.6M...

UltraTech Cement announces 91% rise in consolidated profit

09 August 2019, Published under Cement News

India’s UltraTech Cement Ltd has announced a 91 per cent YoY growth in consolidated net profit to INR12.08bn (US$171.2m) for the quarter ending 30 June, compared with INR6.31bn in the year-ago period. Net sales increased 15 per cent to INR100bn, while EBITD surged 61 per cent to INR28.4bn from INR17.6bn. Standalone net sales rose 15.5 per cent YoY in the 1QFY19-20, reaching INR96.48bn from INR83.54bn. The company more than doubled its net profit which soared to INR11.99bn from INR5.98bn. E...

Saurashtra Cement posts rising 1Q net profit

09 August 2019, Published under Cement News

India-based Saurashtra Cement reported a consolidated revenue from operations of INR1.51bn (US$21.4m) in the 1QFY19-20 (ended 30 June 2019), down 10.1 per cent from INR1.68bn in the year-ago period. The company’s 1QFY19-20 net profit jumped to INR156.1m in the April-June 2019 quarter from INR49.4m in the previous-year’s equivalent quarter.

India Cements plans INR14bn plant project

08 August 2019, Published under Cement News

India Cements is reportedly in the process of acquiring land in Madhya Pradesh for a new plant project which would take its total capacity to 20Mta, according to The Economic Times. The company has already acquired a company with an existing mining lease to use its limestone reserves. The project is worth around INR14bn (US$197m), with the producer expected to compete the final land investments over the next few months.

Shree Cement awards Gebr Pfeiffer with new order

08 August 2019, Published under Cement News

India’s Shree Cement has awarded Gebr Pfeiffer with an order to equip its grinding plant in Pune, Maharashtra. The MVR 6000 C-6 mill can alternately produce 300tph of OPC at a fineness of 3100 cm²/g according to Blaine, PPC containing as much as 35 per cent of fly ash to a fineness of 3500cm²/g, or 180tph of GGBFS at a fineness of 4500cm²/g. The unit will be equipped with a 6700kW drive. A previous MVR 6000 C-6 mill order for Shree Cement Gebr Pfeiffer SE will supply the core co...

Sagar Cements records 22% rise in production for July

07 August 2019, Published under Cement News

India’s Sagar Cements has seen a 22.3 per cent increase in consolidated cement production to 281,597t in July 2019, compared with 230,193t in the year-ago period. Standalone production rose 21.2 per cent to 200,808t from 165,629t. Consolidated cement sales also surged 25.1 per cent to 274,822, against 219,748 in July 2018.

Mangalam Cement posts record quarterly profit

06 August 2019, Published under Cement News

India’s Mangalam Cement has reported a record net profit of INR330m (US$4.66m) for the quarter ending 30 June, following an INR150m net loss in the year-ago period. Operational revenue surged 31 per cent YoY to INR3.33bn from INR2.55bn, while the EBITDA margin improved to 20.4 per cent from 1.9 per cent.