Cement News tagged under: India
Saurashtra Cement sees profit rise10 November 2017, Published under Cement NewsIndia-based cement maker Saurashtra Cement Ltd has reported a profit rise to INR100.7m (US$1.55m) in the July-September 2017 quarter from INR44m when compared with the year-ago period. Total revenues from operations slipped from INR1.22bn in 2QFY16 to INR1.16bn in 2Q17. Saurashtra Cement is part of the Mehta Group and produces cement under the Hathi brand name. It serves the markets in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and the west coast of India from its precalciner pla... |
Shree Cement sees narrowing margins despite drop in fuel cost09 November 2017, Published under Cement NewsShree Cement Ltd’s power and fuel cost per tonne has dropped, according to a report by Mint. However, the falling cost of fuel over the third quarter of 2017 has not had much of a positive impact on the company’s earnings. The company’s cement sales volume increased seven per cent YoY to 4.8Mt over 3Q17, whilst its stand-alone net profit decreased by 27 per cent in the same period. Operating margins narrowed to 26.2 per cent in September from 32.7 per cent a year ago as the company's powe... |
Ramco reports 2Q17 net profit of US$26m03 November 2017, Published under Cement NewsRamco Cements has reported a drop in net profit during the 2Q17-18, due to tough local market conditions in Tamil Nadu and increasing operating costs driven by increasing power, fuel and transportation costs. The company reported a net profit of INR168.520 (US$26m) on a total revenue of INR10.73bn. Transportation and handling costs increased to INR2107m. Power and fuel costs increased to INR1725.4m while finance costs were down at INR172.7m. During the quarter, the company sold 2.15Mt, inc... |
Orient Cement reports 2Q17 net profit of US$1.57m03 November 2017, Published under Cement NewsOrient Cement (CK Birla group) reported a net profit of INR101.5m (US$1.57m) in the second quarter ended 30 September. The company had reported a net loss of INR293.9m in the year-ago quarter, Orient Cement said in a BSE filing. Revenue from operations was at INR5230.7m during the quarter under review as against INR4449.3m in the same period last fiscal. Total expenses during the second quarter were at INR5139.3m as compared to INR4957.8m in the corresponding period last fiscal, t... |
MOU signed for Shree Cement to investigate potential new plant in Jharkhand02 November 2017, Published under Cement NewsThe Jharkhand government has signed MoUs with Mineral Exploration Corporation Ltd (MECL) for undertaking mineral exploration to identify prospective mineral blocks with Shree Cement for setting up a cement plant in Jharkhand, a state government a press release said. The MOU was signed at a three-day Mining and Minerals summit in Jharkhand, India. |
UltraTech Cement01 November 2017, Published under Cement NewsFor the quarter ending 30 September 2017, UltraTech Cement has recorded net sales in excess of US$1bn. The Aditya-Birla Group company saw its net sales for the three-month period come in at INR68,400m (US$1.05bn) compared to INR57,080m in the same period last year. Profit before interest, depreciation and tax was up 13 per cent YoY at INR15,500m, but profit after tax was down to INR4230m, versus INR6140m in the same period in 2016. According to the company, this was due to higher deprecia... |
Petcoke ban in NCR expected to raise fuel costs and cement prices31 October 2017, Published under Cement NewsCement producers in northern states of India can expect rising fuel costs on the back of the Supreme Court's ban on petcoke use in the National Capital Region (NCR) from 1 November 2017. The Supreme Court acted to direct Rajasthan, Haryana and Uttar Pradesh governments to notify the ban immediately after it was informed that pollution in the NCR had shot up after Diwali, due to toxic gases emitted by industrial hubs that use furnace oil and petcoke, reports Hindustan Times. "Cement pl... |
Shiva quarterly net loss deepens30 October 2017, Published under Cement NewsIndia’s Shiva Cement has reported a deepening net loss of INR86m (US$1.33m) in the July-September 2017 quarter when compared with a net loss of INR26.3m in the year-ago quarter. Sales fell 41.8 per cent to INR36.6m in the quarter ended September 2017 when compared with INR62.9m in the July-September 2016 quarter. |
Ambuja Cement's strategy pays off27 October 2017, Published under Cement NewsThis week the 3Q17 results have been flooding in for Indian cement manufacturers with Lafarge-Holcim-owned ACC and Ambuja Cement reporting their results and seeing net profits rise to nearly double-digits in the latter's case. "Ambuja Cement has delivered a strong set of results. We have focussed on building brand equity, and providing value to our customers through differentiated offerings for individual home builders, building and infrastructure segments," said Ajay Kapur, managing dire... |
Ambuja Cements sees 9.7% net profit rise in 3Q25 October 2017, Published under Cement NewsLafargeHolcim-owned Ambuja Cements' standalone unaudited income remained stable in 3Q17 at INR24.73bn (US$379.8m) when compared with the previous year (3Q16: INR24.72bn) but noted a 25.4 per cent drop when compared with 2Q17, when it reached INR33.16bn. Profit before tax rose 11.3 per cent YoY to INR3.36bn from INR30.02bn but saw a 38.6 per cent decrease QoQ (2Q17: INR5.47bn) while net profit reached INR2.72bn, up 9.7 per cent from INR2.48bn in 3Q16, but down 31.3 per cent from INR3.92bn ... |