Cement News tagged under: Indian subcontinent

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Indian cement prices down 4% MoM

24 August 2021, Published under Cement News

At an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Central India was the least hit with a price correction of INR3/ bag in August, while some regions have recorded drops as steep as INR30/bag. "Dealers in large states like Madhya Pradesh and Uttar Pradesh report a strong pick-up in trade sales in August after a weak July 2021 led by the monsoon. Dealer feedback for ce...

KJS Cement records 36% advance in profit

24 August 2021, Published under Cement News

India’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per cent to INR1.99bn. Cement and clinker sales reached 1.72Mt and 0.59Mt, respectively, a considerable increase driven by demand from infrastructure projects. "KJS Cement has recorded strong performance across all parameters this year; despite the challenging ecosystem due to the pandemic,” said Pawan Kumaar Ahluwalia...

Ambuja Cements begins trial production at Marwar facility

23 August 2021, Published under Cement News

India’s Ambuja Cements has begun trial production at its Marwar cement works in Nagaur district, which will increase the company’s clinker capacity by 3Mta. The plant was built with an investment of INR23.5bn (US$316.45m) and includes a waste heat recovery system alongside 1.8Mta of cement grinding capacity. "I am delighted to inaugurate the trial run at Marwar Cement plant of Ambuja as we dedicate it to meet the infrastructure requirements of the nation. Cement is one of the most impo...

Star Cement reports 50% growth in profit

17 August 2021, Published under Cement News

India’s Star Cement has seen its standalone net profit grow 50.4 per cent YoY in the quarter ending 30 June 2021, increasing to INR541.8m (US$7.3m) from INR360.3m. Net revenue was up 76.7 per cent YoY to INR5.04bn from INR2.86bn in the April-June quarter of the previous fiscal.

JK Cement sees surge in consolidated net profit

16 August 2021, Published under Cement News

India’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the year-ago period. Revenue from operations was also up 70.6 per cent YoY to INR17.14bn from INR10.05bn. Overall cement volumes climbed 71 per cent YoY to 3.02Mt, with grey cement (including clinker) at 2.76Mt.

Anjani Portland Cement sees 51% revenue increase

16 August 2021, Published under Cement News

India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous year. Net profit was up 20.6 per cent YoY to INR230.7m from INR191.3m in the 2Q20.

ACC sets out 2030 sustainability targets

13 August 2021, Published under Cement News

ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Based Targets initiative (SBTi), according to a press release. ACC has committed to reducing scope 1 GHG emissions/t of cementitious material by 21.3 per cent and scope 2 GHG emissions/t by 48.4 per cent by 2030, compared with a 2018 base year. "At ACC, we continuously strive to become a responsible and sustainable c...

India Cements reports 35% increase in revenue

13 August 2021, Published under Cement News

India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR7.57bn in the year-ago period. Cement production climbed 40 per cent YoY to 1.88Mt, while overall sales including clinker increased 37 per cent. 

Shree Cement appoints new chief sustainability officer

12 August 2021, Published under Cement News

India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthening its sustainability and ESG value proposition. "The appointment will help bring a more focussed approach in its drive towards catalysing sustainability as a major driver of its growth. It is a reflection of SCl's efforts to reinforce its sustainability credentials and boost stakeholder engagemen...

Shree Cement sees 79% net profit increase

11 August 2021, Published under Cement News

India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period. Total income also increased 46.1 per cent YoY to INR35.89bn from INR24.57bn, while net profit climbed 78.5 per cent to INR6.61bn. Cement volumes advanced 41 per cent YoY to 6.79Mt while clinker sales were down 62 per cent YoY, holding overall volume growth to 39 per cent YoY at 6.84Mt, according ...