Cement News tagged under: India
Anjani Cement reports loss in 2022-2330 August 2023, Published under Cement NewsIndia-based Anjani Cement has reported consolidated turnover of INR6615m (US$79.9m) in 2022-23, compared to INR8012.6m in 2021-22. Gross profit over the same period has declined from INR1471.5m to INR240, while profit before tax has fallen from a profit of INR587m in 2021-22 to a loss of -INR641m in 2022-23. Consolidated cement production in 2022-23 came in at 1.400Mt with a capacity utilisation rate of 59 per cent, compared to 1.717Mt and 78 per cent, respectively, in the same period a ... |
Adani group posts EBITDA growth of 42% in 1Q25 August 2023, Published under Cement NewsAdani Group delivered EBITDA growth of 42 per cent YoY to INR235,320m (US$2852m) in 1QFY24 with businesses across segments ranging from airports and sea ports registered good growth, the company said. Airports, green hydrogen and other businesses under the flagship incubator saw their profits almost double YoY. With EBITDA of INR17,180m, these businesses contributed seven per cent to the portfolio EBITDA. The core infrastructure and utility platform, which generates stable and assure... |
Ambuja Cement's open offer for Sanghi Industries date set23 August 2023, Published under Cement NewsAndani group-owned Ambuja Cements ' open offer to acquire 26 per cent equity from the public shareholders of Gujarat-based cement maker Sanghi Industries would commence from 29 September, according to a company document. Ambuja Cements Ltd (ACL) would buy 26 per cent equity shares of INR10 (US$0.12) each of Sanghi Industries from its public shareholders for a price of INR114,220m (US$1375) a piece. The offer would be worth up to INR767,160m, according to a Draft Letter of Offer. The... |
JK Cement's Aligarh plant boosts renewable energy21 August 2023, Published under Cement NewsAmpln Energy Transition, an energy transition platform, has begun supplying 10MWp of solar power from its 30MWp solar plant in Mishrikh, Uttar Pradesh, India, to JK Cement’s Aligarh plant. The move takes JK Cement’s renewable energy replacement at the Aligarh works to over 60 per cent of the overall energy mix, saving more than 10,780t of CO 2 each year. According to the cement producer, this marks a “significant milestone in our journey towards reducing CO 2 emissions and driving the tra... |
Sanghi Industries reports loss of income in June quarter15 August 2023, Published under Cement NewsSanghi Industries Ltd has posted total income of INR1702m (US$20.46m) in the quarter ended 30 June 2023. This compares to INR2270m in the previous quarter and INR3448.5m in the same quarter in 2022. The company has reported a loss of INR1894.3m in the April-June 2023 quarter, compared to an INR328.7m loss in the same period in the previous year. Expenses over the same timeframe have declined slightly from INR3887.8m to INR3596.3m, with power and fuel costs falling from INR1928.6m in the... |
UltraTech Chairman sets new capacity goal at AGM14 August 2023, Published under Cement NewsIn FY22-23 UltraTech Cement recorded net revenues of US$7.9bn (INR632,400m) and an EBITDA of US$1.4bn (INR111,230m). FY22-23 marked significant milestones for UltraTech as the first Indian cement company to record over 100Mt sales volume in a fiscal year. UltraTech has doubled its grey cement production capacity from 66.3Mta production capacity in FY15-16 to 132.4Mta in FY22-23. The company commissioned an additional 12.4Mta during FY22-23 and another 5.5Mta in FY23-24, elevating ... |
Grasim Industries sees revenue improve 11%11 August 2023, Published under Cement NewsGrasim Industries, which owns UltraTech Cement , has reported revenue of INR310,650m (US$3753m) in the quarter ended 30 June 2023, marking an 11 per cent improvement YoY. Net profit over the same period declined seven per cent to INR25,760m due to higher operational costs and lower realisation. The company has recently launched Birla Pivot, a full-scale B2B e-commerce platform for building materials in Maharashtra, Madhya Pradesh and Delhi. According to Grasim, the platform will ensure o... |
Burnpur Cement profits hit by higher costs10 August 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income from operations of INR497.2m (US$6m) in the quarter ended 30 June 2023. This compares to INR469.7m in the previous quarter and INR312.9m in the same quarter a year earlier. The company recorded a loss from continuing operations of INR183.5m in the June 2023 quarter, versus a loss of INR118.9m in the previous quarter, and INR179.2m seen in the quarter ended 30 June 2022. In terms of expenses, these have risen from INR491.4m in the... |
Mangalam Cement reports fall in revenue09 August 2023, Published under Cement NewsMangalam Cement Ltd , part of BK Birla Group, has reported revenue from operations of INR4205.3m (US$50.8m) in the quarter ended 30 June 2023. This compares to INR4593.3m in the previous quarter and INR5138m in the same quarter a year earlier. Net profit in the June 2023 quarter came in at INR83.6m, up from the INR42.8m recorded in the previous quarter, but down from the INR158.8m seen in the quarter ended 30 June 2022. Basic and diluted earnings per share fell from INR10.22 in the June ... |
India Cements reports loss in June 2023 quarter07 August 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year earlier. The company saw a loss of INR752.7m in the June 2023 quarter, versus a profit of INR760.9m in the same quarter a year earlier. Total expenses in the June 2023 quarter came in at INR14,988.2m, compared to INR15,262.8m in the same quarter in the previous year. The biggest decline in expenses was seen in power a... |