India Cements sees rise in profit for the 2QFY20-21
India Cements has reported a rise in profit to INR714.3m (US$9.63m) for the second quarter of the FY20-21, compared to INR87.2m in the year-ago period. However, the company’s re...
India Cements
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India Cements expects improvement
India Cements’ Managing Director, N Srinivasan, has announced that the company expects an improvement in performance going forwards. "With further relaxation of lockdown measure...
India Cements begins transporting fly ash by rail
India Cements’ plant in Chilamkur, Andhra Pradesh, has started loading wet fly ash for another plant in Vishnupuram, Telangana. This marks the first time that fly ash is being l...
India Cements post 77% drop in 1Q net profit
India Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48.3 ...
India Cements doubles net profit in FY19-20
India Cements reported consolidated net profit of INR534.6m in FY19-20 when compared with INR252.6m in FY18-19. Total income rose from INR58.1bn in FY18-19 to INR52.231bn in FY1...
India Cements denies reports of acquisition
Despite recent reports, India Cements has denied that Radhakishan Damani, owner of Avenue Supermarts Ltd, will be acquiring a controlling interest in the company. Mr Damani curr...
India Cements partially resumes operations
India Cements has partially resumed the operation of some its plants in a phased manner. "Considering the uncertainties involved, the impact arising on account of the COVID-19 p...
Indian manufacturers prepare to resume production
India’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating proce...
India Cements sees investors increase stake
The Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. Thi...
India Cements reports net loss in 3QFY19-20
India Cements has reported an INR53.7m (US$751,232) standalone net loss in the quarter ending 31 December 2019, compared with an INR31.3m profit in the year-ago period. Total in...