Cement News tagged under: India
UltraTech commissions 1.5Mta Odisha unit07 February 2023, Published under Cement NewsUltraTech Cement (part of the Aditya Birla Group ) has commissioned a 1.5Mta brownfield cement grinding unit in Jharsuguda , Odisha, expanding the existing works, according to The Hindu. This latest addition will take the company’s total cement capacity in Odisha to 4.1Mta and puts its total cement production capacity for India as a whole at122.85Mta. By FY22-23 UltraTech's capacity is forecast to reach 159.25Mta once all current expansion programmes are completed. |
The India Cements Ltd sees revenue slip MoM07 February 2023, Published under Cement NewsThe India Cements Ltd has reported revenue from operations of INR12,194m (US$147.3m) in the quarter ended 31 December 2022. This compares to INR12,546m in the previous quarter and INR11,084m in the quarter ended 31 December 2021. In the October-December 2022 quarter, the company saw a profit of INR907.3m, compared to a loss of INR1375m in the previous quarter and a profit of INR33m in the same quarter a year earlier. Power and fuel expenses jumped from INR3518m in the December 2021 quar... |
JK Cement reports revenue rise06 February 2023, Published under Cement NewsJK Cement Ltd reported total revenue of INR23,097.8m (US$279.5m) in the quarter ended 31 December 2022. This compares to INR21,646m in the previous quarter and INR19,667.8m in the same period a year earlier. Profit after tax in the December 2022 quarter came in at INR965.7m, down from INR1248.4m in the previous quarter and a significant fall from the INR1673.4m recorded in the December 2021 quarter. Among the costs that have risen during 2022 are power and fuel, which advanced from INR4... |
Star Cement reports 27% rise in 3Q net profit06 February 2023, Published under Cement NewsIndia-based Star Cement saw its net profit increase by 27 per cent YoY to INR303m (US$3.67m) for the quarter ended 31 December 2022 (3QFY22-23). Net revenue advanced by 15.4 per cent to INR6234.9m in the October-December 2022 quarter when compared with INR5400.9m in the year-ago quarter. Operating expenses in 3Q22 were up by 10.8 per cent to INR5582.8m from INR5040.5m in the 3Q21. Operating profit surged by 81 per cent to INR652.2m in the 3Q22 when compared with INR360.3m reported in ... |
ACC Ltd posts 14% rise in revenue02 February 2023, Published under Cement NewsACC Ltd has reported a 14 per cent increase in revenue to INR45,370m (US$554.7m) in the quarter ended 31 December 2022, up from INR42,260m in the same period a year earlier. EBITDA over the same timeframe fell from INR6100m to INR4190m, while the EBITDA margin declined from 14.7 to 9.4 per cent. Sales volumes over the three-month period stood at 7.7Mt of cement and clinker, on a par with the same quarter in 2021, while sales volumes of ready-mixed concrete advanced marginally from 0.73M... |
Udaipur Cement Works reports revenue growth01 February 2023, Published under Cement NewsIndia’s Udaipur Cement Works Ltd has announced unaudited revenue from operations of INR2381.7m (US$29.13m) in the quarter ended 31 December 2022. This compares to INR2200.5m in the previous quarter and INR2077.6m in the same period a year earlier. Net profit after tax in the quarter ended 31 December 2022 stood at INR32.2m, versus INR21.8m in the previous quarter and INR53.9m in the same period in 2021. Power and fuel costs advanced from INR549.2m in the quarter ended 31 December 2021 t... |
Orient Cement sees revenue improve01 February 2023, Published under Cement NewsIndia-based Orient Cement Ltd has reported unaudited revenue from operations of INR7322.9m (US$89.6m) in the quarter ended 31 December 2022. This compares to INR6152.8m in the previous quarter and INR6175.3m in the same period a year earlier. Net profit for the quarter ended 31 December 2022 stood at INR275.2m, versus a loss of INR94.9m in the previous quarter and a profit of INR436.7m in the same period in 2021. Power and fuel costs advanced from INR1399.1m in the quarter ended 31 De... |
Adani Group shares tumble amidst fraud claims31 January 2023, Published under Cement NewsGautam Adani, owner of the Adani Group , saw his fortune fall by US$20bn on Friday last week after investors withdrew from his companies amidst fraud claims made by a US investment firm. Hindenburg Research published a report accusing the Adani Group of decades of stock manipulation and accounting fraud, according to the BBC. The report was released ahead of a planned share sale for Adani Enterprises, but the news resulted in shares in the company falling by almost 20 per cent. Some of t... |
Shree Digvijay Cement sees 36% revenue increase27 January 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd has reported a 36 per cent YoY increase in revenue in the 3QFY23 (ended 31 December 2022) to INR2064.4m (US$25.3m). EBITDA over the same period came in at INR170m, down from the INR200.2m seen in the same period a year earlier, while profit after tax advanced from INR72.7m to INR101.9m over the same period. Sales volumes in the 3QFY23 stood at 3.51Mt, up from 2.87Mt in the 3QFY22. For the nine months ended 31 December 2022, revenue was INR5296.8m, u... |
Sagar Cements sees profits tumble in 202224 January 2023, Published under Cement NewsIndia's Sagar Cements Ltd (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m seen in the same period a year earlier. However, a net loss of INR271.9m was recorded over the three-month period, compared to a profit of INR97.8m in the comparable period in 2021. Over the same period, power and fuel expenses jumped from INR1330m to INR2095.1m. In the nine months ended 31 December 2022, unaudi... |