Cement News tagged under: Mangalam Cement

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Mangalam Cement reports net loss of INR153.2m

06 August 2018, Published under Cement News

India-based cement producer Mangalam Cement has reported a standalone net loss of INR153.2m for the quarter ended June 2018, compared with a net profit of INR121.1m in the quarter ended June 2017. Sales edged up one per cent to INR2.541bn in the 1QFY18-19 when compared with sales of INR2.516bn in the year-ago period.

Mangalam Cement records 8% sales increase in FY18

16 May 2018, Published under Cement News

India’s Mangalam Cement Ltd has reported a one per cent YoY increase in net sales for the quarter ending 31 March 2018, rising to INR3.102bn (US$45.76m) from INR3.072bn. Net profit advanced 29.7 per cent to INR45m, compared with INR34.7m of the year-ago period. In the FY18, the company’s net sales surged 7.9 per cent YoY to INR11.49bn (FY17: INR10.66m). However, net profit saw a significant fall of 68.9 per cent to INR113.8m (FY17: INR360.6m).

Mangalam records 8% revenue increase

13 February 2018, Published under Cement News

India-based Mangalam Cement has submitted its results for the quarter ending December 2017, which feature a 46 per cent YoY decrease in net profit to INR27m (US$420,126) from INR58.5m. However, revenue has increased eight per cent to INR2.92bn from INR2.7bn of the year-ago period. The company has also received approval to construct a 11MW waste heat recovery unit at its plant in Morak, Rajasthan, according to Reuters.

Mangalam Cement 2Q net profit falls 77%

13 November 2017, Published under Cement News

India-based Mangalam Cement reported a standalone net profit of INR10.7m (US$163,424) for the quarter ended 30 September 2017, representing a 77 per cent decrease when compared with 2QFY16, when net profit reached INR47.2m. The company’s net revenue advanced by 25 per cent to INR2.373bn in the July-September quarter from INR1.895bn reported in 2QFY16. Operating expenses increased by 25.67 per cent to RINR2.1bn from INR670.9m in the year-ago period. Mangalam’s operating profit rose by ...

India: Mangalam Cement production increase

20 September 2016, Published under Cement News

Following a trial run at the plant in August 2016, Mangalam Cement’s new 0.75Mta grinding unit in Aligarh, Uttar Pradesh, has commenced operations. The expansion project that introduced the plant's new grinding unit is said to have cost INR700m (US$10.4m) The company’s overall capacity now stands at 4Mta, up from 3.25Mta.

India: Mangalam Cement conducts new milling trial

11 August 2016, Published under Cement News

Mangalam Cement has undertaken a trial run of its new 0.75Mta grinding unit, located at Aligarh in Uttar Pradesh. The new unit brings Mangalam’s capacity up to 4.0Mta.

India: Mangalam Cement returns to profit with 1QFY16-17 results

08 August 2016, Published under Cement News

Mangalam Cement, part of India’s Birla Group, has published its business results for the first quarter of FY16-17. These see the company return to profit after reporting a loss of INR205m (US$3m) in FY15-16. In the three months to June 2016, Mangalam Cement made a profit of INR226m (US$3.4m) as compared to an INR205m (US$2.8m) loss in the same period last year. Total revenues were up by 5.5 per cent to INR2.25bn (US$33.7m), while expenses were down by 17 per cent to INR1.86bn (US$27.9m).

India: two new projects announced

06 July 2016, Published under Cement News

Birla Group’s Mangalam Cement and Absolute Cement & Polymers have unveiled plans to increase capacity at existing plants in India. Mangalam’s project – the larger of the two – will see its Kota integrated plant upgraded from 6.1Mta to 9Mta. This includes expanding clinker capacity from 4.06Mta to 5.3Mta and increasing the size of its captive power plant to 52.5MW. The project is expected to cost INR6.4bn (US$95m). Part of the additional clinker production will be transported to a proposed...

Mangalam Cement gets grinding go-ahead

10 February 2015, Published under Cement News

Mangalam Cement’s board of directors have approved the construction of a new grinding plant in the northern Indian state of Uttar Pradesh. The company informed the Bombay Stock Exchange that at a meeting on 9 February 2015, the board gave the green light to a 0.5Mta facility to be set up in Aligarh.

Mangalam starts production at Rajasthan unit, India

29 May 2014, Published under Cement News

Mangalam Cement, part of the BK Birla Group, has started commercial production at its new cement mill in Adityanagar Morak, District Kota, Rajasthan. The 1.25Mta mill has completed trial runs and started production on 28 May 2014, the company said in a statement to the Bombay Stock Exchange. Completion of the new facility has now enhances overall cement capacity from 2Mta to 3.25Mta. The company has also been investing in increasing clinker production capabilities by 0.5Mta to take its cl...