Cement News tagged under: India
Orient Cement net profit falls 27%, India01 May 2014, Published under Cement NewsOrient Cement Ltd on Wednesday announced it has reported a decline of 27.06 per cent in its net profits for the fourth quarter ended March 2014. “The net profit of the company stood at Rs 36.12 crore during the same period a year ago,” said Orient Cement in a filing to the Bombay Stock Exchange. Total income of the company decrease by 2.07 per cent to INR402.43 crore during final quarter of FY13-14, from INR410.92 crore during the same period a year ago. |
Shree first quarter net profit down 19% YoY, India30 April 2014, Published under Cement NewsIndia-based producer Shree Cement reported a 19 per cent dip in net profit for the January-March quarter despite higher sales. The company, which has over 13Mta of capacity, reported net profit of INR222.50 crore during the first three months of this year compared to INR274.09 crore in the corresponding quarter of FY13. Total income grew to INR1665 crore from INR1443 crore on higher revenue from the cement segment. |
Vicat improves cement shipments by more than 12%29 April 2014, Published under Cement NewsVicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to €325m, as cement shipments rose by 12.2 per cent to 4.60Mt. The turnover in concrete and aggregates was 9.8 per cent higher at €199m as aggregates shipments rose by 9.0 per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent i... |
ACC and Ambuja post diverging results, India25 April 2014, Published under Cement NewsHolcim’s two Indian interests have posted contrasting results for the first quarter of 2014, with ACC’s profit down nine per cent while Ambuja Cement’s net climbs 6.6 per cent. Ambuja Cements reported a net profit of INR5.20bn (US$85.2m) for the first quarter ended March 31, compared with INR4.88bn a year earlier. Sales volume increased two per cent to 6.06Mt. Ambuja's net profit was helped after other income rose by 53.2 per cent to INR1.32bn from a year earlier, according to a company... |
UltraTech Cement quarterly profit rises 15% YoY24 April 2014, Published under Cement NewsUltraTech Cement reported a 15 per cent rise in net profit of INR8.4bn (US$138m) for the first quarter of the year on cost control initiatives. The company said it saw continuing pressure on input and logistic costs due to the increase in railway freight and a continuous hike in diesel prices. Although there was some relief on account of softening prices of imported coal, the impact was negated by the depreciation of the Indian rupee. However, optimisation of its fuel mix and other initiat... |
Groundbreaking for Zuari packing terminal, India24 April 2014, Published under Cement NewsZuari Cement on Tuesday held a groundbreaking ceremony for a 1Mta port-based cement-packing terminal at the Kochi port on the west coast of India. The unit is expected to become operational by the third quarter of 2015, according to Nabil Francis, managing director of Zuari Cement. He added that the Kochi terminal will enhance the company’s access to western and southern markets as well as possibly increase exports. Currently, the company, which is part of the Italcementi group, has two... |
OCL commissions grinding unit, India23 April 2014, Published under Cement NewsOCL India Ltd has informed the Bombay Stock Exchange that it has commissioned its cement grinding unit at Salboni, Medinipur, in the state of West Bengal. The new facility started commercial operations with effect from 20 April 2014. |
Probe against Lafarge Surma land acquisition and quarrying operations23 April 2014, Published under Cement NewsThe Indian Compliance Advisor/Ombudsman (CAO) is assessing a complaint filed against Lafarge Surma Cement's land acquisition and limestone quarrying operations in Meghalaya, India. Lafarge Surma Cement, a joint venture between Lafarge and Cementos Molins of Spain, operates a 1.6Mta plant at Chhatak, Bangladesh. Due to the country’s lack of limestone deposits, the Chaatak plant is a cross-border facility with a captive limestone mined located at Meghalaya, India, from where limestone is tra... |
LafargeHolcim will create Indian market leader21 April 2014, Published under Cement NewsThe merger of Lafarge and Holcim will create the largest producer in India, overtaking the current leader, UltraTech Cement, according to a report in The Economic Times of India. Currently, Holcim controls ACC and Ambuja Cements, while Lafarge operates around 8Mta capacity, concentrated in the east of the country. After the merger, the combined Lafarge Holcim entity plus UltraTech would represent 40 per cent of total domestic production capacity, which will prompt the Competition Commissio... |
Shree on course with capacity drive, India17 April 2014, Published under Cement NewsShree Cement is on course with its expansion drive to raise cement capacity to 20Mta by 2015 with two new projects currently under implementation. The company, which already has a strong presence in northern India, is setting up an integrated unit in the central state of Chhattisgarh due for commissioning in 2015. Meanwhile, to tap growing consumption in the eastern market it is also setting up a grinding unit in Bihar. “The Chhattisgarh unit could be commissioned by April next year, w... |