Cement News tagged under: Indian subcontinent

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Birla Corp reports 82% rise in net profit

25 January 2021, Published under Cement News

India’s Birla Corp has seen its net profit surge 82.1 per cent YoY to INR1.484bn (US$20.35m) in the December quarter, compared to INR814m in the 3QFY19-20. Revenue also increased five per cent YoY to INR18.23bn, while EBITDA was up 19.4 per cent to INR3.76bn. The company’s sales volumes rose 3.2 per cent to 3.55Mt in the October-December 2020 period, boosting capacity utilisation to 92 per cent from 88 per cent in the same period last year. In the 9MFY20-21, its net profit climbed 22.7 p...

Shiva Cement sees net revenue down 8%

25 January 2021, Published under Cement News

India’s Shiva Cement has reported a standalone net loss of INR58.6m (US$803,778) in the 3QFY20-21, compared to an INR61.4m loss in the year-ago period. Net revenue declined 7.6 per cent YoY to INR70.1m from INR75.9m. However, operating expenses also fell 12.1 per cent to INR90.1m.

Udaipur Cement Works sees sales rise 15%

21 January 2021, Published under Cement News

India’s Udaipur Cement Works has seen its net profit surge to INR155.5m (US$2.13m) in the quarter ending 31 December 2020, compared to INR9.7m in the year-ago period. Sales also increased 15.4 per cent YoY to INR1.83bn from INR1.59bn in the 3QFY19-20.

Damani family increases stake in India Cements

19 January 2021, Published under Cement News

Radhakishan Damani and Gopikishan Damani have increased their stake in India Cements during the October-December 2020 quarter. Radhakishan Damani increased his stake by 0.54 per cent, now holding an 11.34 per cent stake in the company against 10.8 per cent at the end of the July-September quarter. At the same time, his brother Gopikishan Damani now owns 8.46 per cent of the total paid-up capital in the company, up from 8.26 per cent in the 2QFY20-21. In addition, together the brothers ...

Onyx Group to begin operations at 3.6Mta plant this year

19 January 2021, Published under Cement News

Sri Lanka’s Onyx Group is expecting to commence operations at its new grinding plant this year, according to Nandana Lokuwithana, chairman of the group. The US$100m project is expected to have a 3.6Mta capacity and be based in Mirijjawila, Hambantota.

ACC and Ambuja Cements looks to optimise supply chain

18 January 2021, Published under Cement News

India’s ACC Ltd and Ambuja Cements have contracted Blue Yonder, a leading digital supply chain provider, to implement a supply chain optimisation and digitalisation process. The software company is expected to help improve sales and operational planning (S&OP) by gaining visibility into daily demand, production and dispatch plans to better predict demand fluctuation and scheduled maintenance, alongside improving logistics and transportation capabilities. "The objective of this project is ...

New cement association formed for south India

13 January 2021, Published under Cement News

Cement manufacturers in India have formed an association exclusively for southern India. The newly-formed South India Cement Manufacturers' Association (SICMA) is headed by N Srinivasan, vice-chairman and MD of India Cements, while Ravinder Reddy, director of Bharathi Cements, will be vice-president of the association. According to Mr Srinivasan, the formation of a south Indian body is required due to the size of the country and the efforts of various state governments to boost infrastruc...

Star Cement ready to commission Bengal plant

12 January 2021, Published under Cement News

India’s Star Cement is expected to begin commercial production soon at its 2Mta grinding unit in Jalpaiguri, north Bengal. "The project is undergoing trials and can begin production anytime soon. This is our first greenfield cement project in West Bengal though we have plyboard manufacturing through Century Plyboards," said Sanjay Agarwal, MD. The company will source clinker from its integrated plant in Meghalaya, while fly ash will be procured from West Bengal or Bihar. "We will invite ...

Udayapur Cement Industry looks to increase production

12 January 2021, Published under Cement News

Nepal’s state-owned Udayapur Cement Industry has announced plans to increase production capacity to 800tpd from 350tpd, according to the New Business Age. General Manager, Gopi Krishna Neupane, who has been in charge since Tuesday, has stated that the company is preparing strategies to upgrade the 30-year-old factory with new technology and regulate coal and gypsum imports. The hopes are that the changes will return the company to profit. "Even if we produce 800tpd of cement from the st...

Indian railways see 26% rise in cement freight

11 January 2021, Published under Cement News

The volume of cement transported by Indian railways increased 26 per cent YoY in the September-December quarter to 35.5Mt, according to the Ministry of Railways. This also represented a 35 per cent growth compared to the 2QFY20-21. The rise in cement freight has been attributed to a seasonal improvement in construction activity across the country. However, freight costs rose six per cent YoY and three per cent QoQ, according to a report by JM Financial.