Cement News tagged under: India
Long-term rail freight rates secured for Ramco and Zuari27 April 2018, Published under Cement NewsIndia’s South Central Railway (SCR) has signed a long-term tariff contract with Ramco Cements Ltd and Zuari Cements Ltd to transport freight traffic at fixed rates, according to The Hindu. Ramco and Zuari signed the agreement to ensure fixed tariff costs for three and five years, respectively. The scheme has been designed to offer customers stability and the capacity to plan logistics for a longer period. Similar agreements have already been signed with UltraTech Cements, India Cement... |
UltraTech Cement records revenue increase in 4QFY1826 April 2018, Published under Cement NewsIndia’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a stamp duty of INR2.26bn and deferred tax of INR410m due to a change in tax rates. Standalone revenue rose 36.5 per cent to INR90.02bn for the period, according to Money Control. EBITDA grew 33.2 per cent to INR17.03bn from INR13.56bn, while the EBITDA margin contracted to 18.9 per cent from 19.3 pe... |
Shree Digvijay Cement posts 63% rise in sales25 April 2018, Published under Cement NewsIndia-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin fell 2.3 per cent. Total income surged 255.6 per cent to INR92m, compared to INR36m of the December 2017 quarter. While it has been posting positive results recently, the company had accumulated losses of approximately INR468m up to FY17, reports Money Control. In March 2018, Shree Digvijay ... |
Prism Cement changes name to Prism Johnson23 April 2018, Published under Cement NewsIndia’s Prism Cement Ltd has changed its name to Prism Johnson Ltd, effective from 18 April 2018. ''To dispel the perception that Prism Cement Limited […] is only a cement company, the name of the company has been changed to Prism Johnson. Prism Johnson is one of India's leading integrated building materials company and the new name reflects the product range and magnitude of operations of the company,'' said Vijay Aggarwal, managing director of the company. |
ACC announces 19% net profit increase in 1Q1820 April 2018, Published under Cement NewsIndia's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes and net sales, despite rising costs, according to The Economic Times. EBITDA rose 18 per cent to INR4.92bn, while net sales surged 14 per cent to INR35.57bn. "A rise in energy slag prices adversely impacted operating costs during the current quarter as compared to the same quarter a year ago," said the company in a... |
Manufacturers fined for selling underweight cement bags20 April 2018, Published under Cement NewsTwo manufacturers have been fined INR24,000 (US$363.30) for selling underweight cement bags in Pulwama, south Kashmir, according to the United News of India. The bags were found when the Field Executive of the Legal Metrology Department (LMD) and the Assistant Controller of Pulwama carried out an inspection on two vehicles leaving the district. "During a surprise inspection, two lorries carrying cement supplies to other districts were intercepted. The weight of the bags was conducted on t... |
UltraTech commissions new plant in Manawar19 April 2018, Published under Cement NewsUltraTech has commissioned its greenfield facility in Manawar, Madhya Pradesh, with a 2.5Mta clinker capacity. The plant has reached this stage in under a year, which is record time for a plant of this capacity, according to the press release. The kiln is designed for multi-fuel and alternative fuel usage. Alongside the kiln, the company has commissioned a 1.75Mta grinding unit and an auto-loading facility. The new plant is located in southwest Madhya Pradesh, with no other manufacturing u... |
Ambuja Cement ranks highly in global CDP report19 April 2018, Published under Cement NewsIndia’s Ambuja Cements Ltd has been ranked as number two in the world in the latest report from the Carbon Disclosure Project (CDP). The report features 13 of the largest publicly-listed companies, which account for 15 per cent of global cement production, and highlights their business readiness for a low-carbon economy transition. "We are delighted with the CDP’s World ranking – and even more as we have topped in the Climate Governance & Strategy. In fact, CO2 emissions’ reduction is one ... |
Hazardous powder may be used in cement production18 April 2018, Published under Cement NewsThe Uttar Pradesh Pollution Control Board (UPPCB) has sent samples of a hazardous black powder to a Gujarat-based manufacturer to ascertain whether it can be used in the production of cement, according to The Times of India. This is the latest development in the UPPCB’s mission to safely dispose of 25,586m 3 of powder which is currently along the banks of the Ramganga River, Moradabad. "We have sent black powder samples to the company with a request to use it in manufacturing cement. Be... |
Landed petcoke prices could increase by 6% in India11 April 2018, Published under Cement NewsIn India the landed cost of petcoke could increase by 5.6 per cent as a result of the import duty hike, reports Nirmal Bang Institutional Equities. The import duty on the fuel was raised in December 2017, increasing from 2.5 to 10 per cent. The price of petcoke imported from the US reached a multi-year high of US$117/t in March 2018 and is expected to rise further. The increased prices may not significantly change the demand for petcoke, since alternatives are equally expensive. Howeve... |