India

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CMA welcomes Union Budget infrastucture spending

CMA welcomes Union Budget infrastucture spending

The Cement Manufacturers Association (CMA) welcomed the major announcements on infrastructure, logistics, climate change and environment in the Union Budget 2020-21 presented by...

Revati Cement plans 3Mta unit in Madhya Pradesh

Revati Cement plans 3Mta unit in Madhya Pradesh

India’s Revati Cement has announced plans to set up a greenfield integrated cement plant in Satna, Madhya Pradesh. The project is expected to have a cement and clinker capacity ...

Wonder Cement launches new grinding unit

Wonder Cement launches new grinding unit

India’s Wonder Cement has launched operations at its new 2Mta grinding unit in Bhadnawar, Madhya Pradesh. This plant will be followed by the commissioning of another grinding un...

Birla Corp sees 200% rise in net profit

Birla Corp sees 200% rise in net profit

India’s Birla Corp has announced a 200 per cent YoY increase in its net profit to INR810m (US$11.32m) for the 3QFY19-20, while revenue advanced 10.7 per cent to INR17.35bn. EBIT...

Ramco Cements records 5% revenue rise

Ramco Cements records 5% revenue rise

India’s Ramco Cements saw a 6.3 per cent YoY decline in standalone net profit for the quarter ending 31 December 2019, falling to INR950m (US$13.28m) from INR1.01bn. However, re...

Orient Cement reports modest decline in income

Orient Cement reports modest decline in income

India’s Orient Cement has reported a 1.3 per cent YoY decline in total income to INR5.67bn (US$79.3m) during the 3QFY19-20. However, the company considerably narrowed its net lo...

Shree Digvijay Cement announces 9% rise in income

Shree Digvijay Cement announces 9% rise in income

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. N...

UltraTech Cement sees 80% rise in net profit

UltraTech Cement sees 80% rise in net profit

India's UltraTech Cement (Aditya Birla Group) has posted a 79.8 per cent YoY increase in consolidated net profit to INR7.12bn (US$99.67m) for the 3QFY19-20, while EBITDA rose 25...