Cement News tagged under: Indian subcontinent
ACC posts 73% YoY rise in net profit12 February 2021, Published under Cement NewsIndia’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa... |
Mangalam Cement posts 201% rise in net profit08 February 2021, Published under Cement NewsIndia-based Mangalam Cement reported standalone net profit of INR374.5m (US$5.1m) for the quarter ended 31 December 2020, a 201.1 per cent advance when compared with the equivalent period in 2019. Net revenue increased by 10.2 per cent YoY to INR3.4049bn in the last quarter of 2020 from INR3.0904 in the corresponding quarter of the previous year. Operating expenses declined by 2.3 per cent YoY to INR2.621bn during the October-December 2020 quarter from INR2.682bn in the year-ago period.... |
ACC has groundbreaking ceremony at Kymore08 February 2021, Published under Cement NewsACC carried out the groundbreaking ceremony of its 2.7Mta integrated plant with a 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh, India, on 6 February 2021. The line has a 9500tpd kiln with precalciner and a 15MW waste heat recovery system (WHRS). The generation of sustainable power through the WHRS is expected to reduce energy consumption of fossil fuel-based grid power and lead to a reduction in CO 2 emissions of 140,000tpa. In addition, the project will create over 5000 direc... |
Dalmia Bharat reports 603% rise in profit05 February 2021, Published under Cement NewsIndia’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn... |
Ramco Cements sees 4% rise in revenue05 February 2021, Published under Cement NewsIndia’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of... |
UltraTech Cement receives approval to raise INR30bn04 February 2021, Published under Cement NewsIndia’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches. |
Lucky Cement announces 3.15Mta Pezu expansion02 February 2021, Published under Cement NewsPakistan’s Lucky Cement Ltd has announced a further expansion to its Pezu plant on the back of positive results from the domestic cement sector. "Keeping pace with the increasing demand in the domestic cement industry, on the back of revival of economic activity and uptick in construction projects including both retail level projects as well as mega infrastructure development projects the company has decided to enhance its cement production capacity at its Pezu Plant by 3.15Mta," said the ... |
Dewan Cement appoints new CEO29 January 2021, Published under Cement NewsPakistan’s Dewan Cement has announced the appointment of a new Chief Executive Officer and Director, with effect from 27 January. Malik Bilal Omar has been appointed in the role after the departure of Syed Muhammad Anwar. |
India Cements returns to profit in 3Q28 January 2021, Published under Cement NewsIndia Cements has reported an INR693m (US$9.48m) net profit for the October-December 2020 period, compared to an INR94.3m net loss in the year-ago quarter. Revenue fell 4.8 per cent YoY to INR11.84bn from INR12.44bn. The top line of the company was largely impacted by the delayed effects of COVID-19, with most of the incremental demand for cement coming from the east, central and northern regions of India. |
Shree Digvijay Cement sees 17% rise in revenue28 January 2021, Published under Cement NewsIndia’s Shree Digvijay Cement has announced a 17.2 per cent YoY increase in standalone revenue to INR1.43bn (US$19.69m) for the December 2020 quarter, compared to INR1.22bn in the year-ago period. The company also reported a 48.5 per cent YoY rise in standalone profit to INR140.2m from INR94.4m. |