Cement News tagged under: India

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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.

ACC reports 6% rise in EBITDA for the 3Q21

20 October 2021, Published under Cement News

India’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax advanced 23.6 per cent YoY to INR4.5bn from INR3.64bn. "ACC has recorded a solid performance during the quarter through operational excellence and a focus on sustainability while meeting customers’ needs. Despite a steep increase in fuel costs, our cost efficiency measures under project ‘Parvat’ have enabled us to m...

Malabar Cements meets opposition against new mine

20 October 2021, Published under Cement News

India’s BJP district committee has opposed the move to open a new limestone mine in Walayar forest, Kerala, for Malabar Cements Ltd (MCL). The current mining permission for MCL will end in 2023. Therefore, moves are reportedly being made to open a new mine in nearby Pandarathumala, with MCL seeking permission from the Union Ministry of Forest and Environment. However, the party has stated that it is an ecologically sensitive area and no mining should be allowed. In response, employees ...

UltraTech Cement records net sales of INR117,430m 2QFY22

19 October 2021, Published under Cement News

UltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,640m over the corresponding period of the previous year.   Profit before interest, depreciation and tax was INR28,550m compared to INR28,330m a year ago. Profit before tax was INR19,470m and profit after tax was INR13,140m compared to INR17,330m and INR13,090m, respectively.  Coal and petcoke...

Penna Cement receives approval for IPO

19 October 2021, Published under Cement News

India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue of INR13bn and an offer for sale of up to INR2.5bn by promoter PR Cement Holdings, which holds a 33.41 per cent stake in the company. The fresh capital is expected to be used for the repayment of borrowings and to fund an expansion project.

Rain Cements completes grinding expansion project

15 October 2021, Published under Cement News

India’s Rain Cements (Rain Industries) has completed a capacity expansion at its cement mill in Boincheruvupalli village, Kurnool District, Andhra Pradesh. The unit’s cement grinding capacity has now been increased from 2.033Mta to 2.795Mta.

Nuvoco Vistas MD supports Gati Shakti National Master plan

15 October 2021, Published under Cement News

Nuvoco Vistas Corp Ltd's Managing Director, Jayakumar Krishnaswamy, supports the Indian government’s announcement for a national infrastructure masterplan. Indian Prime Minister, Narenda Modi, has launched an INR100trn (US$1.33trn) national master plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy. PM Gati Shakti, as the infrastructure programme is called, will target logistic costs, increase cargo handling capacity and reduc...

UltraTech and PRESPL sign MoU for agri waste fuel

14 October 2021, Published under Cement News

UltraTech Cement  has announced signing a non-binding memorandum of understanding (MoU) with Punjab Renewable Energy Systems Pvt Ltd (PRESPL). The MoU is part of UltraTech’s endeavour to decarbonise its operations and aims to significantly scale up the use of biomass to replace fossil fuels such as coal in UltraTech’s manufacturing operations. Under the agreement, PRESPL will leverage its technological expertise to replace coal-based systems with biomass-based processes....