Cement News tagged under: India

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JK Cement sees surge in consolidated net profit

16 August 2021, Published under Cement News

India’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the year-ago period. Revenue from operations was also up 70.6 per cent YoY to INR17.14bn from INR10.05bn. Overall cement volumes climbed 71 per cent YoY to 3.02Mt, with grey cement (including clinker) at 2.76Mt.

Anjani Portland Cement sees 51% revenue increase

16 August 2021, Published under Cement News

India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous year. Net profit was up 20.6 per cent YoY to INR230.7m from INR191.3m in the 2Q20.

ACC sets out 2030 sustainability targets

13 August 2021, Published under Cement News

ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Based Targets initiative (SBTi), according to a press release. ACC has committed to reducing scope 1 GHG emissions/t of cementitious material by 21.3 per cent and scope 2 GHG emissions/t by 48.4 per cent by 2030, compared with a 2018 base year. "At ACC, we continuously strive to become a responsible and sustainable c...

India Cements reports 35% increase in revenue

13 August 2021, Published under Cement News

India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR7.57bn in the year-ago period. Cement production climbed 40 per cent YoY to 1.88Mt, while overall sales including clinker increased 37 per cent. 

Shree Cement appoints new chief sustainability officer

12 August 2021, Published under Cement News

India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthening its sustainability and ESG value proposition. "The appointment will help bring a more focussed approach in its drive towards catalysing sustainability as a major driver of its growth. It is a reflection of SCl's efforts to reinforce its sustainability credentials and boost stakeholder engagemen...

Shree Cement sees 79% net profit increase

11 August 2021, Published under Cement News

India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period. Total income also increased 46.1 per cent YoY to INR35.89bn from INR24.57bn, while net profit climbed 78.5 per cent to INR6.61bn. Cement volumes advanced 41 per cent YoY to 6.79Mt while clinker sales were down 62 per cent YoY, holding overall volume growth to 39 per cent YoY at 6.84Mt, according ...

India's government urged to reopen cement works

09 August 2021, Published under Cement News

India’s Union government has been urged by a Telangana state minister to revive Adilabad's Cement Corp of India (CCI) plant in the state. In a letter to Heavy Industries Minister, Mahendra Nath Pandey, a request was made for the reopening of the plant which has remained closed since 1996. The CCI plant in Adilabad began production in 1984, serving the cement requirements in the Marathwada and Vidarbha regions of Maharashtra and north Telangana. The plant stopped manufacturing in 1996 due ...

Orient Cement features in The Economic Times' Iconic Brands 2021

09 August 2021, Published under Cement News

Orient Cement, one of India’s leading cement manufacturers and home to brands Birla.A1 Premium Cement and Birla.A1 StrongCrete, has featured in the fourth edition of The Economic Times’ Iconic Brands 2021. Talking about the recognition, Deepak Khetrapal, MD and CEO, Orient Cement, expressed, "We are delighted that the quality of our products along with our superior customer service has been recognised. This is also an affirmation of our transparent and fair business practices, and the e...

Birla Corp consolidated net profit rises to INR1420m in FY1Q21

06 August 2021, Published under Cement News

Birla Corp Ltd has reported a consolidated net profit of INR1425.1m (US$19.08m) in the 1QFY21-22 ended June 2021, which is 115 per cent higher over the corresponding quarter of the previous year, when net profit reached INR657.7m. However when compared with the January-March 2021 quarter, when a net profit of INR2493.3m was reported, it fell sharply. Net revenue for the quarter at INR17,491.1m represents a growth of nearly 43.1 per cent over the last year's corresponding period, when r...

Orient Cement posts 246% YoY rise in profit

04 August 2021, Published under Cement News

India’s Orient Cement has posted a 17 per cent QoQ decline in operating revenue to INR6.9bn (US$92.95m) in the first quarter of FY21-22, compared with INR8.32bn in the previous quarter. EBITDA also slipped 8.5 per cent QoQ to INR1.85bn, while profit after tax was down 10 per cent to INR886m. However, on a YoY basis, the company’s profit after tax more than doubled from INR256.1m in the 1QFY20-21. "The cement industry is expected to witness a volume growth due to demand revival in infrastruc...