Cement News tagged under: Indian subcontinent

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Fauji Cement posts 20% sales increase in 1HFY23-24

27 February 2024, Published under Cement News

Pakistan’s Fauji Cement Co Ltd has reported sales of PKR40.35bn (US$145.75m) in the1HFY23-24, ended 31 December 2023. This compares to PKR33.67bn in the same period a year earlier, marking a 19.83 per cent YoY increase. Net profit over the same period advanced by 3.83 per cent from PKR5.079bn to PKR5.273bn. Over the six-month period, the cost of sales increased by 17.32 per cent from PKR23.434bn to PKR27.493bn, while gross profit came in at PKR12.858bn, up 25.59 per cent on the PKR10.23...

ACL announces new 4Mta plant in Jharkhand

23 February 2024, Published under Cement News

India’s Ambuja Cements Ltd (ACL) is investing INR10,000m (US$120.6m) in a new 4Mta grinding plant in Jharkhand’s Godda district, reports The Hindu. According to ACL, the new unit will be located close to Adani Power (Jharkhand) Ltd and forms part of the company’s plans to dispose of fly ash in an environmentally safe way, contributing to a circular economy. ACL currently operates two cement plants in Jharkhand with a combined production capacity of 6Mta. 

UltraTech commissions 1.8Mta Kotputli expansion

22 February 2024, Published under Cement News

UltraTech Cement has commissioned its 1.8Mta brownfield cement plant in Kotputli , Rajasthan, India. This latest development forms part of the cement producer’s 22.6Mta expansion plan, as announced in June 2022.  The new plant will help UltraTech meet demand in the markets of Rajasthan and the National Capital Region (NCR), reports Capital Market, taking the company’s total cement production capacity in Rajasthan to 18.9Mta and its total capacity in India to over 139Mta. 

Shree Cement commits to two new plants

22 February 2024, Published under Cement News

Shree Cement is committing INR20,000m (US$241.16m) to two new cement plants in India’s Uttar Pradesh, expanding its cement production capacity in the region by almost 7Mta. The first plant will be located in Etah with a 3.5Mta cement capacity. Shree Cement has already bought the land for the project and construction of the new facility is underway. The plant is due to be operational within the next 12 months, according to the company. A second 3.5Mta plant will be constructed in Pray...

Saurashtra Cement sees upturn in income

13 February 2024, Published under Cement News

Saurashtra Cement has posted total income of INR4508m (US$54.34m) in the quarter ended 31 December 2023. This compares to INR3781m in the previous quarter and INR4465m in the same quarter a year earlier. Net profit in the December 2023 quarter came in at INR125m, up notably from the INR7.9m seen in the previous quarter and the INR28.5m loss recorded in the quarter ended 31 December 2022. Total expenses have declined from INR4470m in the December 2022 quarter to INR4156m in the same quar...

The Ramco Cements announces expansion plans

12 February 2024, Published under Cement News

The Ramco Cements Ltd has announced plans to double capacity at its Kalavatala plant in Andhra Pradesh, India. According to The Hindu, the company intends to set up a second line to increase clinker capacity at the works to 6.3Mta and cement capacity to 3Mta. The expansion is expected to cost INR12,500m (US$150.57m). An additional 15MW waste heat recovery system (WHRS) will also be added. The new line is scheduled to be commissioned in FY25-26 and will take the company’s total production...

Burnpur Cement sees income decline YoY

12 February 2024, Published under Cement News

Burnpur Cement Ltd has reported total income from operations of INR407.4m (US$4.9m) in the quarter ended 31 December 2023. This comes to INR433.9m in the previous quarter and INR349.3m in the quarter ended 31 December 2022. The company recorded a loss from continuing operations of INR451.5m for the December 2023 quarter, up from a loss of INR191.5m in the previous quarter and INR207.6m in the quarter ended 31 December 2022. Basic earnings per share declined from a loss of INR2.41 in the q...

Birla Corp records 15% YoY revenue growth

08 February 2024, Published under Cement News

Birla Corp has reported revenue of INR23,120m (US$278.6m) in the 3QFY23-24. This compares to INR20,161m in the same quarter a year earlier, marking a 14.7 per cent YoY advance. Consolidated net profit in the 3QFY23-24 came in at INR1091.4m, versus a net loss of INR499.1m in the 3QFY22-23, according to BusinessLine Online.  The company saw cement sales of 4.2Mt in the 3QFY23-24, up 13.2 per cent YoY, along with a capacity utilisation rate of 85 per cent over the three-month period. This...

India's CMA welcomes Interim Budget 2024-25

07 February 2024, Published under Cement News

India’s cement producers have applauded the country’s government for its sustained focus on infrastructure development in its latest Interim Budget 2024-25. Under the budget plan, investment in infrastructure will increase by 11.1 per cent YoY in 2024-25, equivalent to 3.4 per cent of GDP. Three major economic railway corridor programmes, namely the energy, mineral and cement corridor, as well as the port connectivity corridor and high traffic density corridor, are to be implemented t...

Orient Cement sees net profit jump 64% YoY

06 February 2024, Published under Cement News

India's  Orient Cement , part of the CK Birla Group , has reported revenue from operations of INR7513m (US$90.45m) in the quarter ended 31 December 2023 (3QFY23-24). This marks a 2.6 per cent increase on the INR7322.9m seen in the same period a year earlier. Over the same timeframe, consolidated net profit advanced to INR449.9m, up 63.5 per cent from the INR275.1m recorded in the 3QFY22-23. Total expenses, meanwhile, declined one per cent to INR6814.4m over the same period. Total income...