Cement News tagged under: India
Sanghi Cements results hit by finance costs22 May 2023, Published under Cement NewsSanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earlier. The company has reported a loss of -INR3257m in the year ended 31 March 2023, versus a profit of INR406.2m in the previous year. Total expenses over the same time frame have jumped from INR10,837.7m to INR12,735.1m, with finance costs advancing from INR819.6m to INR2381.7m. Meanwhile, earnin... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |
ACC launches Bagcrete19 May 2023, Published under Cement NewsACC Ltd has launched Bagcrete, a pre-blended and high-quality concrete for all types of construction jobs. According to the company, Bagcrete was created to offer the best compressive strength (10-80MPa) and exceptional workability retention as a result of the pre-blended components being “meticulously measured to ensure uniform quality.” In contrast to traditional concrete, which requires the mixing of various components on-site, Bagcrete is a pre-blended mixture of cement, sand and ag... |
Shiva Cement's income tumbles as expansion plans continue18 May 2023, Published under Cement NewsShiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced from INR87.93m in the year ended 31 March 2022 to INR128.53m a year later, while depreciation and amortisation expenses jumped from INR70.56m to INR589.86m over the same period, the latter of which is linked to the company’s current expansion plans. This resulted in a loss after tax of -INR804.7m in th... |
Sagar Cements to commission new clinker line18 May 2023, Published under Cement NewsSagar Cements plans to commission its new clinker line at Andhra Cements Ltd (ACL) during the current quarter. This forms part of an INR4580m (US$55.6m) investment programme by Sagar Cements to upgrade Andhra Cements’ capacities from 1.65Mta to 2.3Mta of clinker and from 1.8Mta to 3Mta of cement. The full upgrade programme is due to complete in the 2HFY24-25, according to The Hindu. According to Sagar Cements, it is expecting an incremental 1Mta from Andhra Cements in FY23-24. Sagar Ce... |
Nathdwara Cement commissions 0.8Mta of brownfield capacity16 May 2023, Published under Cement NewsNathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India. The company along with its subsidiary now has 17.05Mta grey cement capacity in the state of Rajasthan and its total grey cement manufacturing capacity, including that of Nathdwara Cement, now stands at 129.95Mta in India. |
Udaipur Cements Works sees revenue rise YoY15 May 2023, Published under Cement NewsUdaipur Cement Works Ltd has reported revenue from operations of INR10,322.6m (US$125.6m) in the year ended 31 March 2023. This compares to INR8811m in the same period a year earlier. Net profit over the same timeframe has fallen from INR486.6m to INR358.6m with total expenses expanding from INR8126.9m to INR9817.8m, driven by higher power and fuel costs. Earnings per share in the year ended 31 March 2023 came in at INR1.15, down from INR1.56 in the previous year. In the quarter endin... |
Ambuja Cements adds 8Mta capacity15 May 2023, Published under Cement NewsAmbuja Cements is expanding its clinker capacity by 8Mta at its Bhatapara and Maratha units on the highest ESG standards with 42MW of waste heat recovery system, the ability to utilise 50 per cent alternative fuels and raw materials, and the provision to operate on green power. According to the company, the capacity expansion projects will enable the production of 14Mta of Blended Green Cement, following all requisite approvals. Ajay Kapur, Cement Business CEO of Ambuja Cements, sa... |
UltraTech Cement Ltd recognised by BSC International Safety Awards12 May 2023, Published under Cement NewsUltraTech Cement Ltd’ s five integrated units, one bulk terminal and one grinding unit have been recognised by the British Safety Council (BSC), winning awards for excellence in safety at the prestigious 65 th BSC International Safety Awards, 2023. The event to recognise the winners in India was held in Mumbai on 10 May 2023. UltraTech’s integrated unit at Dhar Cement Works , as well as Pune Bulk Terminal have received a ‘Distinction’ grade during the awards, recognising the hard ... |
Andhra Cements reports income of INR1m in March 2023 quarter09 May 2023, Published under Cement NewsIndia’s Andhra Cements Ltd (part of Sagar Cements Ltd ) has reported total income of INR1m (US$12,192) in the quarter ended 31 March 2023, compared to INR1.8m in the same period a year earlier. Total expenses have come in at -INR843.6m giving a profit before exceptional items and tax of INR844.6m for the three-month period. Finance costs over the quarter stood at -INR1096.4m, versus INR446m in the quarter ended 31 March 2022. Net profit for the 2023 quarter is reported at INR11,220.1m, up ... |