Cement News tagged under: India
Kumar Mangalam Birla appointed as Vice Chairman of Century Textiles05 November 2015, Published under Cement NewsKumar Mangalam Birla, chairman of the US$40bn Aditya Birla Group, has been appointed as Vice Chairman of Century Textiles and Industries. KM Birla is grandson of 94-year-old BK Birla, chairman of Century Textiles. In a filing to Bombay Stock Exchange, Century Textiles said that the decision had been taken at a meeting of the company’s board of directors. For the quarter that ended on 30 September 2015, Century Textiles posted a net loss of US$3.69m compared to a net profit of US$117,422 ... |
Reliance Infrastructure to sell its cement business, India05 November 2015, Published under Cement NewsReliance Infrastructure on Wednesday said it has decided to sell its cement manufacturing and road development businesses to focus on defence. "The 5.8Mta cement business and related assets will be disposed off through a formal process. The company has short-listed seven potential buyers from a total of 15 parties that submitted preliminary expressions of interest," according to the company. While Reliance has been talking of its plans of monetising assets, the board of the company approve... |
JK Cements reports 58% fall in 2Q net profit04 November 2015, Published under Cement NewsIndia-based JK Cements reported a 58 per cent fall in consolidated second-quarter net profit to US$2.09m. However, its total standalone income rose by five per cent to US$133m for the three months ending 30 September 2015. The company's total expenses grew to US$122m from US$11.7m. The company has an installed grey cement capacity of 10.5Mta. |
Shree Cement commissions Uttar Pradesh grinding plant02 November 2015, Published under Cement NewsShree Cement has commissioned a grinding plant at Bulandshahr in Uttar Pradesh on 30 October 2015, the company said in a statement to the Bombay Stock Exchange. The new facility has a cement capacity of 2Mta. |
ACC sees subdued July-Sept volumes and pricing21 October 2015, Published under Cement NewsLafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m... |
India: Orient Cement reports on 'challenging' second quarter21 October 2015, Published under Cement NewsOrient Cement reported a 35.4 per cent YoY decline in 2QFY16 net profit to US$4.32m due to lower income and higher expenses and finance costs. Net sales for the three months to the end of September 2015 fell to US$54.7m in the quarter compared to US$59.2m in the same period of the previous years. The company's total expenditure rose to US$51m from US$49m in the same period of 2014. Deepak Khetrapal, managing director and CEO of Orient Cement said: "The quarter ended September 30 has... |
UltraTech Cement second-quarter sales ahead20 October 2015, Published under Cement NewsAditya Birla group company UltraTech Cement reported higher revenue and volume growth for the second quarter of FY16 as well as a better operational performance during the period. For the three months to the end of September 2015, standalone net sales edged ahead by 4.2 per cent to INR5621 crores compared to INR5379 crores a year earlier. Profit before interest, depreciation and tax rose 8.6 per cent to INR1033 crores. However, profit after tax fell 3.9 per cent to INR394 crore largely... |
JK Lakshmi Cement receives environmental clearance for Bihar project, India19 October 2015, Published under Cement NewsJK Lakshmi Cement has been granted environmental clearance to set up a 1.5Mta grinding plant in the east Indian state of Bihar. The project, to be located in Kishanganj district, also involves the production of 1000m3 per day of autoclaved aerated concrete blocks and a 10MW diesel generator (DG) set. "Based on the recommendations of the Expert Appraisal Committee, the Environment Ministry has given the environment clearance [EC] to J K Lakshmi Cement's proposed project in Bihar," the Econo... |
India: Dalmia eyes larger slice of the Goan market19 October 2015, Published under Cement NewsDalmia Cement Bharat Ltd is looking to expand its market presence in the western Indian state of Goa having recently commissioned its Belgavi cement works in neighbouring Karnataka. To increase its market share, Dalmia Cement has started strengthening its dealership network in the state through talks with 15 dealers initially, local press reported. The company will provide marketing, technical and logistics support. Dalmia Cement’s senior management visited Goa on Friday to announced the ... |
Star Ferro and Cement subsidiary enters into agreement with West Bengal grinding unit15 October 2015, Published under Cement NewsStar Ferro and Cement Ltd on Tuesday said that its subsidiary has inked a production pact with another grinding unit in West Bengal, India. In a filing to the Bombay Stock Exchange, Star Ferro and Cement saidL “A company's subsidiary has entered into production arrangement with another grinding unit in West Bengal.” The company manufactures and markets cement and clinker in India. It offers its cement under the Star Cement brand. It also exports its products internationally. |