Cement News tagged under: Shree Digvijay Cement

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Shree Digvijay Cement announces 9% rise in income

30 January 2020, Published under Cement News

India’s Shree Digvijay Cement has announced an 8.5 per cent increase in total income to INR1.23bn (US$17.2m) for the 3QFY19-20, compared with INR1.13bn in the year-ago period. Net profit also advanced to INR94.4m from an INR3.6m loss in the year-ago period. In the nine months ending December 2019, income rose 4.2 per cent YoY to INR3.43bn and net profit surged 671.7 per cent to INR332.6m.

Votorantim Cimentos sells 75% share in Shree Digvijay Cement

13 November 2018, Published under Cement News

Votorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completion of a mandatory open offer to the minority shareholders of SDCCL. The acquisition would add to True North's other investments in the building materials sector namely, RDC Concrete (“RDC”), a manufacturer of ready-mix concrete and Robo Silicon (“Robo”), a manufacturer of construction aggregates. Srikrishna Dwaram, ...

Shree Digvijay Cement posts 63% rise in sales

25 April 2018, Published under Cement News

India-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin fell 2.3 per cent. Total income surged 255.6 per cent to INR92m, compared to INR36m of the December 2017 quarter. While it has been posting positive results recently, the company had accumulated losses of approximately INR468m up to FY17, reports Money Control. In March 2018, Shree Digvijay ...

Votorantim to sell Shree Digvijay stake to meet SEBI norm, India

19 July 2013, Published under Cement News

Shree Digvijay Cement on Thursday said Votorantim Cimentos will dilute a 0.27 per cent stake in the company to meet the minimum public shareholding norm. “The promoter/promoter group intends to sell 0.27 per cent shareholding in the company amounting to 3,82,474 equity shares of the company on the floor of BSE,” the Gujarat-based cement maker said in a Bombay stock exchange filing. Shares would be offered for sale from 22 July - 2 August 2013, unless sold off earlier, it added. Cur...

Shree Digvijay Cement Company appoints director, India

06 February 2012, Published under Cement News

Shree Digvijay Cement Company has appointed Luis Miguel Da Ponte Alves Fernandes, Antonio Carlos Custodio Do Morais Varela, as additional directors of the company with effect from 2 February 2012. Relieved Chain Singh Jasol from the office of the whole-time director of the company with effect from February 02, 2012. Jasol will continue to work with the company as vice president (Personnel, Admn and Mines).