Cement News tagged under: UltraTech Cement

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UltraTech 3Q net profit rises 93% on improved demand

23 January 2012, Published under Cement News

India’s largest cement producer, UltraTech Cement, reported a 93 per cent rise in 3QFY12 net profit thanks to a double-digit rise in cement demand but energy costs continue to weigh on the company's margins. However, the company says it is on-track with its expansion programme, namely two clinker plants which will raise capacity by 92Mta in just over a year's time. The Aditya Birla Group company reported that net sales rose 23 per cent to INR4572 crores compared to INR3715 in the correspo...

India: caught in a down-cycle

06 December 2011, Published under Cement News

These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia...