Cement News tagged under: India

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Ambuja Cements has posted a 30% rise in net sales

30 April 2021, Published under Cement News

India’s Ambuja Cements (LafargeHolcim) has posted a 29.7 per cent YoY rise in net sales to INR35.79bn (US$483.19m) for the January-March 2021 quarter, compared to INR27.6bn in the year-ago period. The company’s EBITDA also advanced 62 per cent YoY to INR9.77bn, while its EBITDA margin climbed to 27.3 per cent from 21.9 per cent. "India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness th...

Dalmia Bharat sees surge in consolidated profit

30 April 2021, Published under Cement News

India’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the quarter, against a tax expense of INR410m last year.

Shree Digvijay Cement posts 8% rise in income

29 April 2021, Published under Cement News

India’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m.

Zuari Cement issued with closure order

26 April 2021, Published under Cement News

Zuari Cement’s operations in Yerraguntla, Kadapa, has been issued with a closure order by India’s Andhra Pradesh Pollution Control Board (APPCB). The closure orders were issued to the company for failing to abide by the environmental conditions prescribed by the pollution control board, according to the New Indian Express. As a result, the APPCB has asked the local power distributor to disconnect power connectivity to the plant.

ACC and Ambuja partner to research sustainable solutions

23 April 2021, Published under Cement News

India’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction work. The collaborative research study will be financially aided by the LafargeHolc...

ACC reports 74% rise in profit for the 1Q21

20 April 2021, Published under Cement News

India's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its...

L&T Construction wins 3.5Mta project in India

20 April 2021, Published under Cement News

India-based Larsen and Toubro (L&T) Construction has announced several significant contracts across multiple sectors, including the cement industry, with values in the range of INR10-25bn (US$134-334m). As such, its building and factories segment won an order from one of the country’s leading cement manufacturers for a 3.5Mta brownfield project in Nimbahera, Rajasthan. The scope of work involves mechanical and civil works as well as equipment erection.

ACC Ltd outlines its new capacity projects

15 April 2021, Published under Cement News

ACC Ltd (LafargeHolcim) plans to increase its clinker and cement capacities which will see an integrated greenfield project of 2.7Mta clinker capacity with 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh. Expansion of the existing Tikaria grinding unit with 1.6Mta cement capacity and a grinding unit in Shonebhadra district, Uttar Pradesh, with 2.2Mta of capacity is progressing, said the company. The company also recently completed and commissioned a new grinding unit at Sindri, ...

Orient Cement's INR21bn project cleared to begin

12 April 2021, Published under Cement News

India’s environment ministry has reportedly cleared Orient Cement’s INR21bn (US$280.27m) expansion plan for its Telangana plant, according to the India National Press.  In 2017 the company announced its plans to expand its Devapur plant in Telangana and Chittapur unit in Karnataka for an estimated capital expenditure of INR36bn. However, the plans were stalled and were with the environment ministry for the last two years as an expert panel sought several clarifications.

Ambuja Cement expects to commission Mundwa plant in 3Q21

12 April 2021, Published under Cement News

Ambuja Cement will complete its integrated greenfield cement plant at Mundwa in Rajasthan with învestment of INR23,500m (US$314.4m) in   3Q21. The new plant will enhance the clinker capacity of the company by 3Mta and help improve cement sales by 5Mta. Ambuja Cement is also evaluating brownfield expansions at plants in Bhatapara in Chattisgarh and Maratha (Chandrapur), Maharashtra, in addition to looking at debottlenecking opportunities to reach 50Mta capacity. Addressing shareholders ...