Cement News tagged under: India

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Nuvoco records group revenues of INR2000m in 2QFY21-22

11 November 2021, Published under Cement News

Nuvoco Vistas Corp Ltd (Nuvoco) announced its unaudited financial results for the quarter ended 30 September 2021 with consolidated revenue from group operations (including NU Vista Ltd) reaching at INR20,200m (US$26.89m). Consolidated EBITDA margin stood at 17 per cent. Commenting on the results, Jayakumar Krishnaswamy, MD of Nuvoco Vistas Corp Ltd, said, “In spite of the challenging market conditions in our major operating market of East, we were able to achieve volumes at par as compar...

UltraTech Cement commits to GCCA 2050 Roadmap

10 November 2021, Published under Cement News

UltraTech Cement Ltd, has announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete.   UltraTech has made this commitment as a founding member of the GCCA and is among 40 of the world’s leading cement and concrete manufacturers to affirm their commitment to net zero concrete by 2050 and agree to an ambitious intermediate goal of preventing 5bnt of CO 2 emissions by 2030.   “We at UltraTech are fully committed to work together with our part...

India’s cautious outlook

08 November 2021, Published under Cement News

A contracted comparison base has helped push the Indian cement sector to a double-digit growth trajectory in 2021. However, there are a number of one-time factors that should be taken into account and further challenges could lie ahead. A more modest demand picture is expected to emerge in the coming years. ICR highlights recent trends in the Indian cement sector and discusses forthcoming factors that could influence cement demand A cut in India’s GDP growth forecast for the ...

Udaipur Cement receives CRISIL AA/Stable/A1+ rating

05 November 2021, Published under Cement News

Udaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement, has been independently assigned AA/Stable/A1+ ratings to its bank facilities by CRISIL.   AA Rating for its entire long-term existing and proposed borrowings and A1+ for UCWL’s short-term borrowing programme. This long-term rating of UCWL, assigned by CRISIL, is on a standalone basis without any Credit Enhancement (CE) support from the parent company.

Dalmia Cement plans new 2Mta plant

03 November 2021, Published under Cement News

India’s Dalmia Cement is planning to set up a new 2Mta grinding plant in Bokaro, Jharkhand, according to the state’s government. The company is expected to invest INR5.77bn (US$77.14m) in the construction of the plant, with work scheduled to begin this month and set to be completed within a year.

Star Cement posts 3% revenue increase

03 November 2021, Published under Cement News

India’s Star Cement has posted a standalone net profit of INR229.4m (US$3.07m) in the quarter ending 30 September, falling 39.8 per cent YoY from INR381.2m in the same period of the previous fiscal. However, net revenue saw a modest improvement of 3.4 per cent to INR3.98bn from INR3.85bn.

Nuvoco launches two products for its Zero M Brand

02 November 2021, Published under Cement News

Nuvoco Vistas Corp Ltd has launched Zero M Water Shield 2K and Zero M Speedex Tile Grout in a virtual event. Developed at the Nuvoco Construction Development and Innovation Centre (CDIC), the products are ready to use and are designed to provide excellent resistance to water ingress, claims Nuvoco Vistas Corp.    Zero M Watershield 2K is a two-component acrylic cementitious coating formulated to be mixed on-site and applied over the concrete and masonry surfaces by brush, to provide an el...

Dalmia Bharat sees 11% climb in revenue

28 October 2021, Published under Cement News

India’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p...

Ramco Cements announces 19% increase in revenue

27 October 2021, Published under Cement News

India’s Ramco Cements has posted an 18.7 per cent YoY increase in consolidated revenue to INR15.03bn (US$200.1m) in the quarter ending September 2021. The company was reportedly supported by better volumes and pricing in the light of strong cement demand. Net profit surged 111.8 per cent to INR5.16bn from INR2.44bn in the July-September 2020 period.

Orient Cement records 28% YoY revenue increase

27 October 2021, Published under Cement News

India’s Orient Cement has recorded a consolidated revenue of INR6.13bn (US$81.63m) in the 2QFY21-22, up 28.4 per cent YoY from INR4.78bn in the comparable period of the previous fiscal. Net profit also climbed 63.4 per cent YoY to INR568.8m from INR348.2m.