Cement News tagged under: India

RSS feed

Ambuja Cement to start biofuel sea trials

08 February 2021, Published under Cement News

Ambuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s sustainability vision of net zero pledge 2030,"  said the ...

Dalmia Bharat reports 603% rise in profit

05 February 2021, Published under Cement News

India’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn...

Ramco Cements sees 4% rise in revenue

05 February 2021, Published under Cement News

India’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of...

UltraTech Cement receives approval to raise INR30bn

04 February 2021, Published under Cement News

India’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches.

Shree Cement reports 102% rise in net profit

01 February 2021, Published under Cement News

India’s Shree Cement has reported a 102 per cent YoY rise in net profit to INR6.26bn (US$85.76m) for the December quarter, compared to INR3.12bn in the year-ago period. Revenue also advanced 16.2 per cent YoY to INR33.09bn. The company’s expenses remained largely in line with the previous year at INR27.97bn from INR28.02bn. Shree Cement also reappointed Hari Mohan Bangur as managing director of the company for a further period of five years. His reappointment is expected to come into ...

JK Lakshmi Cement's sales rise 19% in Oct-Dec 2020

01 February 2021, Published under Cement News

JK Lakshmi Cement Ltd recorded sales of INR11,928m (US$163.27m) in October to December 2020 compared to INR10,049.5m in October to December 2018, a rise of 19 per cent.  JK Lakshmi Cement’s efforts to raise the product mix and improve efficiency parameters combined with increased demand boosted company profitability.  EBITDA rose to INR2124.6m in October to December 2020 from INR1665.9m in the same period in the prior year, up 28 per cent. profits before tax stood at INR1271.5m in Octo...

Prism Johnson to raise cement capacity

29 January 2021, Published under Cement News

Prism Johnson Ltd has approved of a 0.9Mta cement capcity expansion at Prism Cement's Satna cement plant, Madhya Pradesh, India. The new capacity will take the plants total cement capcity up to 5.4Mta. The investment is estimated to cost INR1390m (US$19.02m).

India Cements returns to profit in 3Q

28 January 2021, Published under Cement News

India Cements has reported an INR693m (US$9.48m) net profit for the October-December 2020 period, compared to an INR94.3m net loss in the year-ago quarter. Revenue fell 4.8 per cent YoY to INR11.84bn from INR12.44bn. The top line of the company was largely impacted by the delayed effects of COVID-19, with most of the incremental demand for cement coming from the east, central and northern regions of India.

Shree Digvijay Cement sees 17% rise in revenue

28 January 2021, Published under Cement News

India’s Shree Digvijay Cement has announced a 17.2 per cent YoY increase in standalone revenue to INR1.43bn (US$19.69m) for the December 2020 quarter, compared to INR1.22bn in the year-ago period. The company also reported a 48.5 per cent YoY rise in standalone profit to INR140.2m from INR94.4m.

Humboldt India wins new UltraTech Cement order

27 January 2021, Published under Cement News

Humboldt Wedag India Pvt Ltd (HW India), New Delhi, India, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has received a new order from UltraTech Cement Ltd for   three new kiln lines, one new raw meal grinding plant with two KHD roller presses, and the upgrade of five existing clinker grinding plants with KHD roller presses.   The engineering and supply of equipment as well as supervisory services related to erection and commissioning comprise a potentia...