Cement News tagged under: Star Cement

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Star Cement invests in new capacity

07 June 2022, Published under Cement News

Star Cement is planning to invest INR17,000-18,000m (US$218.9m-231.8m) over the next two years, in response to robust demand from the infrastructure and real estate sectors. The company currently operates two clinker units in Meghalaya with a total capacity of around 2.75Mta. A new clinker unit, costing INR10,000m, will add a further 3Mta of clinker capacity taking total production capacity to 5.75Mta. According to BusinessLine Online, the new unit is due to be operational by April 2024. ...

Star Cement posts 3% revenue increase

03 November 2021, Published under Cement News

India’s Star Cement has posted a standalone net profit of INR229.4m (US$3.07m) in the quarter ending 30 September, falling 39.8 per cent YoY from INR381.2m in the same period of the previous fiscal. However, net revenue saw a modest improvement of 3.4 per cent to INR3.98bn from INR3.85bn.

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.

Star Cement reports 10% rise in revenue

11 June 2021, Published under Cement News

India’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn. Star Cement also commenced production at a new 2Mta grinding unit in Siliguri, West Bengal, in J...

OPGC sends fly ash to Star Cement

13 May 2021, Published under Cement News

India-based Odisha Power Generation Corp (OPGC) has begun dispatching fly ash to Star Cement’s plant in Assam, with around 4000t sent from its thermal power station yesterday. OPGC has three dry fly ash silos with a capacity of 2300t each and has the potential to dispatch around 90000tpm of ash, which could be further increased in months to come.

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.