Cement News tagged under: Indian sub-continent

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NG Ghadiya Group set to acquire National Limestone from ACC

20 November 2020, Published under Cement News

India’s NG Ghadiya Group, a company involved in the business of construction mining, has announced that it intends to completely acquire National Limestone Co from ACC Ltd. The transaction has been valued at around INR200m (US$2.686m), according to MarketLine.

PIBTL reports no congestion for coal imports

20 November 2020, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) has informed the government that its terminal at Port Qasim in Karachi is working smoothly without any congestion and delay in the handling of imported coal for cement and other industries. The terminal operator has refuted the claims of terminal users that may point to the opposite. Therefore, PIBTL has sought to clarify several misrepresentations regarding its operation. As a result of the pollution caused by coal handling at Karachi Por...

Shree Cement orders next generation MVR mill from Gebr Pfeiffer

17 November 2020, Published under Cement News

Shree Cement is building a new clinker line near Raipur, India. The raw mill and the coal mill have now been ordered from Gebr Pfeiffer. The new raw material mill, type MVR 6000 R-6, is equipped with an installed drive power of 8700kW and will produce 800tph of raw meal for cement production. The mill will also be equipped with an SLS 6000 VR high-efficiency classifier, which has been optimally adapted for the MVR mill.  Some components of GPpro will be part of the delivery. As such, G...

Star Cement posts 31% fall in profit

13 November 2020, Published under Cement News

India’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago period. The company’s net revenue edged up three per cent YoY to INR3.85bn from INR3.74bn in the 2QFY19-20. Operating expenses rose 8.4 per cent to INR3.36bn from INR3.1bn.

Burnpur Cement sees net loss widen in 2Q

12 November 2020, Published under Cement News

India’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net revenue advanced 19.3 per cent YoY to INR228.5m from INR191.5m. The company’s operating expenses increased 102.7 per cent to INR362.9m from INR179m in the year-ago period.

Shree Cement records 64% increase in profit

12 November 2020, Published under Cement News

India’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn in the corresponding period of last year. Revenue from operations advanced eight per cent to INR32.5bn from INR30.04bn in the 2QFY19-20. The company’s EBITDA also rose 17 per cent YoY to INR9.9bn. In the first half of FY20-21, revenue from operations declined 9.1 per cent YoY to INR57.3bn from INR63.07bn. Consolidate...

JK Cement sees net profit surge 106%

11 November 2020, Published under Cement News

India’s JK Cement has reported a 105.5 per cent YoY rise in standalone net profit to INR2.24bn (US$30.1m) for the quarter ending 30 September 2020, compared to INR1.09bn in the year-ago period. Net revenue also advanced 23.6 per cent to INR15.51bn from INR12.54bn in the 2QFY19-20. The company’s operating profit climbed 61.7 per cent YoY to INR4.12bn from INR2.54bn.

Dalmia Cement sees sales volumes rise 7%

10 November 2020, Published under Cement News

India’s Dalmia Cement (Bharat) Ltd has seen a seven per cent YoY rise in sales volume to 4.8Mt in the second quarter of the FY20-21, on the back of strong rural demand and a pick-up in the government’s infrastructure and low-cost housing projects. The company also reported its highest ever quarterly EBITDA at INR7.02bn (US$94.68m), compared to INR4.75bn in the 2QFY19-20. Profit after tax also surged to INR2.32bn from INR360m. "The strength of our company’s foundation is visible in overall...

Birla Corp posts 89% rise in profit

06 November 2020, Published under Cement News

India’s Birla Corp has posted a net profit of INR1.66bn (US$22.35m) for the quarter ending 30 September 2020, up 88.6 per cent YoY over the same period last year. EBITDA reached INR4.04bn and cash profit was at INR3.23bn, representing a growth of 21.7 per cent and 43.2 per cent, respectively. Both figures were at a record high, due to sustained cost rationalisation initiatives and a better-than-expected recovery in cement demand in key markets, according to the company. Revenue for the...

India Cements sees rise in profit for the 2QFY20-21

06 November 2020, Published under Cement News

India Cements has reported a rise in profit to INR714.3m (US$9.63m) for the second quarter of the FY20-21, compared to INR87.2m in the year-ago period. However, the company’s revenue declined 14 per cent YoY to INR10.69bn from INR12.46m. With the backdrop of a decline in demand, the overall sales volumes of clinker and cement decreased to 2.107Mt against 2.667Mt in the same quarter of the previous year. Despite this, EBIDTA surged 60 per cent YoY to INR2.4bn from INR1.5bn in the 2QFY19...