Cement News tagged under: India Cements Ltd
LIC reduces stake in India Cements Ltd06 July 2023, Published under Cement NewsIndia-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and July 2023. LIC now holds 11.9m shares in the cement producer. India Cements currently runs eight integrated plants and two grinding units across India, with a total cement production capacity of around 15.5Mta. |
India Cements doubles 1Q net profit15 August 2022, Published under Cement NewsIndia Cements Ltd (ICL) reported that net profit for the 1QFY2023 more than doubled to INR760m (US$9.54m) over the year-earlier period. Revenue from operations rose by 41 per cent to INR14,460m and total expenditure increased by 57 per cent to INR152,60m, the company said in a filing. Total comprehensive income more than doubled to INR800m. During the quarter, clinker production was up by 28 per cent while cement sales rose by 38 per cent to 2,553,000t. Clinker sales were marginally... |
India Cements reports 56% slide in FY17-18 profits29 May 2018, Published under Cement NewsIndia Cements Ltd reported a 56 per cent fall in net profits for the year ending 31 March 2018. Consolidated net profit decreased to INR707.2m, down from INR1.631bn in the previous financial year. Revenues dropped by seven per cent from INR58.802bn in FY16-17 to INR54.567bn one year later. India Cements Vice-Chairman and Managing Director, N Srinivasan, attributed the slide in profits to a reduction of INR200/t in cement prices and higher fuel, energy and other production costs. Ho... |
India Cements Ltd orders an FLSmidth OK™ mill19 September 2017, Published under Cement NewsFLSmidth has signed a contract with the India Cements Ltd (ICL) for a new OK™ 52-4 cement mill with ROKSH 82 separator for cement grinding to be installed at the Shankar Nagar plant, Tirunelveli district, Tamil Nadu, India. FLSmidth will carry out the system engineering, procurement and supply machinery for a cement production capacity of 200tph OPC at 3500 Blaine. The supply also includes gear units from FLSmidth product company, MAAG® Gear. "This contract reflects the strong relation... |
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