Cement News tagged under: indian subcontinent

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Spearheading sustainability

30 November 2022, Published under Cement News

Organisations in India connected with the cement or concrete, construction and ancillary business sectors are compelled to focus on a strategy that integrates the company’s larger vision with sustainability goals. In this article, Mahendra Singhi, MD & CEO at Dalmia Cement (Bharat) Ltd, discusses how leading cement companies in India such as Dalmia Bharat Ltd are spearheading the industry’s shift towards a circular economy. By Mahendra Singhi, Dalmia Cement (Bharat) Ltd, India. Dalmia...

PIBT reports volumes down in 1QFY22-23

29 November 2022, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBT) reported cargo volumes down to 2.133Mt in the 1QFY22-23 (ended 30 September 2022) compared to 2.782Mt reported in the same period of the previous financial year. The trend is in line with industry demand for imported coal. However, the terminal’s net revenue increased by 1.3 per cent YoY to PKR3.461bn in the 1QFY22-23 from PKR3.138bn. A loss of PKR437m was reported for the 1QFY22-23 period. The net loss after taxation has been attributed to t...

India: shifting gears

28 November 2022, Published under Cement News

After nearly a decade of subdued growth, India’s cement industry is heading towards better days ahead. A quicker-than-expected recovery in demand following the COVID-19 pandemic has put the cement sector on a high growth trajectory and domestic manufacturers are gearing up for the next growth cycle. Gearing for growth: amid the Indian government’s continuous focus on infrastructure, housing, irrigation and a special emphasis on highways and expressways across the length and breadth...

Pioneer Cement considers green and brownfield expansions

24 November 2022, Published under Cement News

Pioneer Cement Ltd (PIOC) of Pakistan is continuously assessing new avenues and business ventures, including green and brownfield expansions in the country, according to the company’s FY21-22 Annual Report. The introduction of the 10,000tpd Line III at PIOC's integrated cement works in  Khushab district, Punjab province, has increased total capacity at the plant to  17,300tpd. In addition, a  12MW waste heat recovery (WHR) facility and a 24MW coal power unit have been in operation ...

Kohat Cement presses ahead with Punjab project

23 November 2022, Published under Cement News

Kohat Cement Company (KOHC), based in northern Pakistan, has started developing the infrastructure for a greenfield production line in Khushab, Punjab province, the company said during a corporate briefing on its latest set of financial results. According to KOHC, land for the project has been acquired, while work on the development of infrastructure (such as utility connections, roads, etc) is in progress. The new line is expected to cost approximately PKR35bn (US$165m), comprising a 40 ...

APCMA elects new executive committee

23 November 2022, Published under Cement News

Muhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa...

Star Cement net profit falls QoQ

16 November 2022, Published under Cement News

Star 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 quarter

16 November 2022, Published under Cement News

India’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 profit

16 November 2022, Published under Cement News

Grasim 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...

Tokyo Cement posts 34% rise in revenue

16 November 2022, Published under Cement News

Sri Lanka-based Tokyo Cement saw turnover advance 34 per cent YoY to LKR30,317m (US$82.5m) in the six months ended 30 September 2022. However the group reported an exchange loss of LKR3674m over the same period, giving a total exchange loss of LKR8733m over the calendar year so far, putting significant pressure on the group’s cashflows. Throughout the six-month period the group deployed aggressive cost management policies and efficiency improvements that proactively reduced operational ...