Cement News tagged under: India

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Anjani Portland Cement posts 111% rise in profit

26 May 2021, Published under Cement News

India’s Anjani Portland Cement has reported a largely stable total income in the full-year period ending 31 March 2021, reaching INR4.14bn (US$56.9m) from INR4.13bn in the FY19-20. However, net profit surged 110.6 per cent YoY to INR849.8m from INR403.5m in the previous fiscal.

Shree Cement records 22% revenue increase

26 May 2021, Published under Cement News

India’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32.18bn in the year-ago period. Net profit advanced 30.5 per cent YoY to INR7.68bn from INR5.88bn. In the full-year period, revenue from operations climbed 5.7 per cent to INR125.88bn from INR119bn in the FY19-20. Net profit surged 40.8 per cent YoY to INR23.12bn.

India Cements recovers in 4QFY21

25 May 2021, Published under Cement News

India Cements has reported a standalone net profit of INR716.3m (US$9.84m) in the final quarter of FY20-21, against a net loss of INR1.11bn in the corresponding period of the previous fiscal. Net income advanced 24.9 per cent YoY to INR14.61bn from INR11.69bn. In the full-year period, the company’s EBITDA was up 35 per cent YoY to INR8.3bn from INR6.13bn in the FY19-20. Profit after tax also improved to INR2.22bn from a loss of INR360m.

Ramco Cements posts 47% rise in net profit

25 May 2021, Published under Cement News

India’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. Net revenue advanced 17 per cent YoY to INR16.40bn from INR14bn in the 4QFY19-20, while EBITDA increased 58 per cent from INR2.91bn to INR4.59bn. Ramco’s cement sales were also up to 3.21Mt from 2.93Mt. However, in the full-year period, cement sales declined 11 per cent YoY to 9.98Mt from 11.2Mt. Revenue decreased 1...

OPGC to supply fly ash to ACC Ltd

25 May 2021, Published under Cement News

Following the supply of fly ash to Star Cement Ltd located in Assam, Odisha Power Generation Corp Ltd (OPGC) has commenced dispatch of fly ash to ACC Ltd. About 3450t of fly ash was dispatched last Saturday after a railway rake was loaded from the dry ash silos system of OPGC and transported to the cement plant of ACC Ltd lLafargeHolcim group) located at Jhinkpani in West Singhbhum, Jharkhand. The OPGC has three dry fly ash silos and associated systems with a capacity of 2300t eac...

JK Lakshmi Cement reports 37% rise in net profit

21 May 2021, Published under Cement News

India’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs like petcoke, diesel, fly ash and gypsum, JKLC has improved its profitability on account of substantia...

Indian demand set to decline 20% in June quarter

19 May 2021, Published under Cement News

Indian cement demand in the April-June 2021 quarter is expected to drop by 20 per cent as a result of localised restrictions related to COVID-19 cases in the country, according to Fitch Ratings. Cement demand from rural housing is expected to decrease by a larger extent as it is more dependent on individual customers. Consumption from other segments, such as urban housing, infrastructure and commercial construction, is likely to be less affected. The input costs for petcoke, imported c...

Geocycle India to help reduce plastic waste leakage

19 May 2021, Published under Cement News

Geocycle India, the in-house waste management arm of LafargeHolcim’s Ambuja Cements and ACC, will implement its Bubble Barrier technology at the Mantola Canal in Uttar Pradesh, to tackle plastic waste leakage. "The Geocycle Bubble Barrier is an innovative concept based on existing technology which makes smart use of a combination of natural currents and a bubble curtain to channel plastic waste towards the banks of rivers and canals instead of it flowing directly into the Yamuna river, fr...

Orient Cement reports INR99.87bn net profits

18 May 2021, Published under Cement News

Orient Cement Ltd (CK Birla group) has reported an over two-fold jump in net profit at INR99.87bn (US$1.36bn) in the fourth quarter ended March 2021. It had posted a net profit of INR44,060m for the January-March quarter a year ago. Its revenue from operation rose 27.06 per cent to INR831,610m during the quarter as against INR654.520m in FY4Q2020 For the fiscal year 2020-21, Orient Cement’s net profit rose to 214,180m It was INR86,580m in the previous year.

Penna Cement refiles for IPO

17 May 2021, Published under Cement News

India’s Penna Cement Industries has refiled for its initial public offering to raise INR13bn (US$177.5m) through fresh equity shares while its promoters would raise INR2.5bn through an offer for sale. The company expects to use the capital to repay INR5.5bn of borrowings. It would also fund capital expenditure of INR1.05bn for its KP Line II project, while INR800m would go towards upgrading its raw grinding and cement mill in Talaricheruvu, and INR1.1bn and INR1.30bn towards setting up was...