Cement News tagged under: India
Ultratech places follow-up order with Gebr Pfeiffer21 November 2022, Published under Cement NewsAs part of Ultratech Cement Ltd 's expansion drive, Gebr Pfeiffer SE (Germany) and its Indian subsidiary Gebr Pfeiffer (India) Pvt. Ltd, has received an order for the delivery of several grinding plants with vertical roller mills (VRMs) for grinding cement raw material as well as solid fuels. The cooperative partnership between Ultratech Cement Ltd, India's largest cement producer, and Gebr Pfeiffer is once again confirmed and expanded by this follow-up order, the equipment manufacture... |
Birla White wall care plant starts operations in Nathdwara21 November 2022, Published under Cement NewsUltraTech Cement has commenced the third Birla White wall care putty plant at Nathdwara, Rajasthan, India with a capacity of 4Mta at a total cost of INR1870m (US$22.8m). The existing two plants are situated at Kharia in Rajasthan and Katni in Madhya Pradesh. The company now has a wall care putty capacity of 13Mta, further strengthening its position in the markets. Along with its existing white cement manufacturing capacity in India and its investment in Ras Al Khaimah Co for Whi... |
India’s cement market evolution and path to net zero18 November 2022, Published under Cement NewsWith the Indian cement market changing rapidly, demand is not only soaring, but the applications for which it is used are changing. Findings from a study by Mission Possible Partnership’s Concrete Action for Climate initiative, conducted in collaboration with Boston Consulting Group, highlight that this evolution has substantial implications for the pathway to net zero, and decarbonisation plans must address the country’s present and future use of cement and concrete. By Yvonne Leung, World ... |
Star Cement net profit falls QoQ16 November 2022, Published under Cement NewsStar Cement has posted revenue from operations of INR5958m (US$73.6m) in the quarter ended 30 September 2022. This compares to INR6587m in the previous quarter and INR4102m in the quarter ended 30 September 2021. Net profit attributable to shareholders of the company came in at INR235.5m in the September 2022 quarter, down from INR413m in the previous quarter but up from INR229m in the year-ago period. Basic earnings per share came in at INR0.58 in the quarter ended 30 September 2022, m... |
Sanghi Industries sees profit decline YoY in the September 2022 quarter16 November 2022, Published under Cement NewsIndia’s Sanghi Industries Ltd has posted revenue from operations of INR2298m (US$28.3m) in the quarter ended 30 September 2022, down from INR3391m in the previous quarter but up from INR2113m in the same period a year earlier. Profit over the same period has fallen from a gain of INR44.5m in the September 2021 quarter to a loss of INR328m in the quarter ended June 2022 and a further loss of INR443m in the quarter ended 30 September 2022. Basic earnings per share over the same timeframe dro... |
Grasim Industries announces 2% fall in net profit16 November 2022, Published under Cement NewsGrasim Industries, which has a 57 per cent stake in UltraTech Cement Ltd , has reported standalone net profit of INR9643m (US$118.8m) in the quarter ended 30 September 2022, down 1.5 per cent YoY. Revenue from operations over the same period advanced almost 37 per cent to INR67,450m, while EBITDA expanded 19.4 per cent to INR9566m. Margins, however, contracted by 206 basis points to 14.18 per cent, according to The Economic Times, driven by a sharp hike in input costs and other expenses... |
JK Cement records net profit of INR1248m14 November 2022, Published under Cement NewsJK Cement has reported that its standalone net profit declined by 26.1 per cent to INR1248m (US$15.5m) in the 2QFY22-23. This is against INR1688m in the year-ago period, the company said in a regulatory filing. The revenue from operations during the declined by 16.7 per cent during the period. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) was down by 9.8 per cent at INR2967m from INR3290m in the year ago period. The company has also approved an expansion p... |
Burnpur Cement reports further losses14 November 2022, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total revenue of INR330.3m (US$4.09m) in the quarter ended 30 September 2022. This compares to INR312.9m in the previous quarter and INR337.4m in the quarter ended 30 September 2021. A loss from continuing operations of INR202.5m was seen in the September 2022 quarter, versus a loss of INR179.2 in the previous quarter and a loss of INR183.9m in the comparable quarter a year earlier, reports Dow Jones Newswires. The loss is being attributed to fi... |
Deccan Cements sees profits fall 72%14 November 2022, Published under Cement NewsDeccan Cements Ltd has seen its total revenue decline from INR1927.3m (US$23.8m) in the quarter ended 30 September 2021 to INR1822m in the same period this year. Over the same timeframe, the company has seen its profits tumble from INR233.3m to INR65.6m, a drop of 71.9 per cent YoY. Profit in the quarter ended 30 June 2022, stood at INR206.7m. Basic earnings per share have declined from INR16.66 in the September 2021 quarter, to INR14.76 in the quarter ended 30 June 2022, to INR4.69 in the... |
Mangalam Cement sees power and fuel costs jump 144% YoY11 November 2022, Published under Cement NewsMangalam Cement Ltd , part of the BK Birla Group , has posted total revenue of INR4083m (US$50.54m) in the quarter ended 30 September 2022. This compares to INR5181m in the previous quarter and INR3839m in the same period a year earlier, according to Dow Jones Newswires. The company has reported a loss of INR271m in the September 2022 quarter, versus a profit of INR280m in the June 2022 quarter and a profit of INR110 in the September quarter in the previous year. Basic earnings per shar... |