Cement News tagged under: India
Anjani Portland records 22% rise in net sales06 February 2019, Published under Cement NewsIndia’s Anjani Portland Cement Ltd has recorded a 22.2 per cent YoY rise in net sales to INR1.1bn (US$15.3m) for the third quarter of FY18-19, compared with INR902.7m of the year-ago period. However, net profit declined 27.5 per cent to INR23.7m from INR32.7m. In the nine months to 31 December 2018, the company saw a 15.5 per cent YoY increase in net sales to INR3.18bn from INR2.75bn. Net profit fell 32.5 per cent to INR116.3m in the 9MFY18-19, compared with INR172.3m of the previous year. |
JSW Cement announces Salboni expansion05 February 2019, Published under Cement NewsIndia’s JSW Cement has announced plans to increase the capacity of its unit in Salboni, West Bengal, from 2.4Mta to 3.6Mta. Only commissioned in January 2018, the company has stated that the facility has already become an integral part of its growth in the eastern region of the country. "Over the last year we have catered to the requirements of all our customers in West Bengal, Jharkhand, Bihar and Odisha through our manufacturing unit in Salboni. Our plans to expand capacity in Salboni ... |
Star Cement net profit falls 5% in 3QFY18-1905 February 2019, Published under Cement NewsStar Cement reported a stand-alone net profit of INR561.4m (US$7.7m) for the quarter ended 31 December 2018, a fall of 5.4 per cent when compared with INR593.6m reported in the year-ago period. Net revenue increased by 17.2 per cent YoY to INR4.018bn in October-December 2018 from INR3.427bn in 3QFY18-19. Operating expenses advanced 23.1 per cent to INR3.207bn YoY while other income rose by 88.2 per cent YoY to INR3.2m. Operating profit slipped by five per cent YoY to INR810.6m while th... |
JK Cement reports a 16.5% fall in net profit04 February 2019, Published under Cement NewsIndia’s JK Cement has reported a 16.5 per cent fall in standalone net profit to INR609.1m (US$8.49m) in the third quarter of FY18-19, compared with INR729.3m of the year-ago period. However, net sales were up 13.1 per cent to INR12.73bn from INR11.26bn. EBITDA also increased 13.9 per cent to INR2.22bn in the 3QFY18-19, compared to INR1.95bn of the previous year. |
UltraTech31 January 2019, Published under Cement NewsUltraTech has posted a 19 per cent YoY increase in its net sales in 3QFY19 with consolidated sales coming in at INR92,580m (US$1.29bn), compared to INR77,790m in 3QFY18. Over the same period, profits before interest, depreciation and tax advanced by almost four per cent from INR14,940m to INR15,480m. Meanwhile, net profit came in at INR3940m, versus INR4560m in 3QFY18. Over the 3QFY19, the company saw its domestic sales volume advance by 15 per cent YoY. However, higher fuel and energy co... |
Ramco Cements records 15% revenue increase30 January 2019, Published under Cement NewsIndia’s Ramco Cements Ltd has announced an 18 per cent fall in net profit to INR1.01bn (US$14.18m) for the quarter ending 31 December 2018, compared with INR1.23bn recorded in the year-ago period. Meanwhile, the company’s revenue increased 15 per cent to INR12.17bn on the back of higher cement sales in the domestic market, which rose 19.9 per cent YoY to 2.689Mt. In the 9MFY18-19, net profit declined 23.7 per cent YoY to INR3.41bn from INR4.47bn. However, revenue was up 14.6 per cent to I... |
CMA agrees wage pact with unions30 January 2019, Published under Cement NewsMembers of the Cement Manufacturers' Association (CMA) of India and the federation of major trade unions have signed a Memorandum of Understanding (MoU) for a wage pact that could raise gross pay, dearness allowance and service weightage. Some 21 cement companies in India accounting for 60 per cent of the cement capacity authorised the CMA to negotiate with the trade unions on their behalf. The current MoU from 1 April 2018 -31 March 2022 allows INR5000/month (US$70.22) gross pay of cement ... |
KJS Cement’s expansion aims for June 2019 completion29 January 2019, Published under Cement NewsIndia-based KJS Cement is implementing an expansion of its clinker and cement capacity located at Amilia Lakhwar village, Satna district, Madhya Pradesh. The plant’s clinker capacity will be lifted from 1.5Mta to 2.2Mta while cement capacity will increase from 2.25Mta to 3.55Mta. The cement plant produces ordinary and pozzolana Portland cements via dry-process technology and the capacity increase will include a 170tph grinding mill and a railway siding to improve logistics. The additional ... |
South Central Railway looks to boost cement freight in FY18-1928 January 2019, Published under Cement NewsIndia’s South Central Railway (SCR) has set a new target to boost its cement freight to 27.5Mt in the FY18-19, up from 25.82Mt of the previous year. The company has already transported 20.49Mt in the first three quarters of the financial year. As a whole, Indian railways transported 114.18Mt of cement during the FY17-18, with South Central performing highest amongst all zonal railways at 22.7 per cent of the total. To meet the higher target, Mr Madhusudhana Rao, SCR chief operations manag... |
UltraTech increases net profits to INR92.6m in 3QFY1925 January 2019, Published under Cement NewsUltraTech reported net sales of INR92,580m (US$1.299bn) in 3QFY19 up 19 per cent from INR77,790m in 3QFY19. Profits before interest, depreciation and tax was INR15,480m, up from INR14,940m in the corresponding period a year earlier. The company saw domestic sales volume rise by 15 per cent over 3QFY18, but higher fuel and energy costs, along with rupee depreciation resulted in costs increasing by 11 per cent on 3QFY18. UltraTech has fully integrated the 21.2Mta cement capacity acquired i... |