Cement News tagged under: Star Cement

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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 ...

Star Cement looks east for expansion

04 January 2021, Published under Cement News

Star Cement, which has a strong presence in northeastern India, is looking to the east of the country to expand its business. The company is currently expanding its capacity at Siliguri, West Bengal. The company is present in the east with 0.6Mta leased grinding capacity and the new grinding unit at Siliguri is expected to replace this supply, accelerating volume growth. Analysts forecast a utilisation rate of 60-65 per cent of the expanded capacities in FY22. Even if the new unit genera...

Star Cement to invest INR4.5bn in new plant

02 December 2020, Published under Cement News

India’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya....

Star Cement posts 31% fall in profit

13 November 2020, Published under Cement News

India’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago period. The company’s net revenue edged up three per cent YoY to INR3.85bn from INR3.74bn in the 2QFY19-20. Operating expenses rose 8.4 per cent to INR3.36bn from INR3.1bn.

Star Cement reports 36% fall in total income

13 August 2020, Published under Cement News

India’s Star Cement has reported a 36.4 per cent YoY fall in total income to INR2.98bn (U$39.77m) in the first quarter of the FY20-21, compared with INR4.68bn in the year-ago period. The company’s net profit also decreased 48.4 per cent YoY to INR433m from INR838.8m in the year-ago period.

Star Cement sees 4% increase in sales

26 June 2020, Published under Cement News

India’s Star Cement has reported a 3.5 per cent rise in net sales to INR5.57bn (US$73.58m) in the final quarter of the FY19-20, compared with INR5.38bn in the corresponding period of the previous fiscal. However, the company’s net profit declined 4.4 per cent YoY to INR858.3m from INR897.7m. In the full FY19-20, total income edged up two per cent YoY to INR18.73bn from INR18.37bn. Net profit declined to INR2.86bn, a 4.4 per cent fall from INR2.99bn in the FY18-19.

Star Cement reports 18% decline in net profit

07 February 2020, Published under Cement News

India’s Star Cement has reported an 18.2 per cent decline in net profit to INR459.2m (US$6.4m) in the quarter ending 31 December 2019, compared with INR561.4m in the year-ago period. However, net revenue increased 6.9 per cent YoY to INR4.29bn from INR4.01bn. Operating expenses rose 15.6 per cent in the 3QFY19-20, reaching INR3.71bn from INR3.21bn.

Star Cement sees 16% rise in net profit

07 November 2019, Published under Cement News

India-based Star Cement reported a standalone net profit of INR550.8m (US$7.8m) for the quarter ended 30 September 2019, up 16.2 per cent YoY from INR474m in the year-ago period. The company’s net revenues increased by seven per cent to INR3.735bn in the July-September quarter whencompared with INR3.49bn in July-September 2018. Operating expenses were up 9.5 per cent YoY to INR3.105bn from INR2.934bn in the equivalent quarter of the previous year while other income surged from INR2.7m to...

Star Cement receives approval for 0.6Mta Liberian project

12 August 2019, Published under Cement News

Star Cement has received approval from the Liberian government to construct a 0.6Mta plant in Monrovia at an estimated investment of US$41m. Following commissioning, the price of cement is expected to drop in the domestic market and assist a boom in the construction industry, according to a company press release. Operations are anticipated to begin within the next 12-18 months, at which time the company will begin the sale of shares. Elsewhere, Star Cement is reportedly trying to ensur...

Star Cement net profit falls 5% in 3QFY18-19

05 February 2019, Published under Cement News

Star Cement reported a stand-alone net profit of INR561.4m (US$7.7m) for the quarter ended 31 December 2018, a fall of 5.4 per cent when compared with INR593.6m reported in the year-ago period. Net revenue increased by 17.2 per cent YoY to INR4.018bn in October-December 2018 from INR3.427bn in 3QFY18-19. Operating expenses advanced 23.1 per cent to INR3.207bn YoY while other income rose by 88.2 per cent YoY to INR3.2m. Operating profit slipped by five per cent YoY to INR810.6m while th...