India: Ramco 4Q16 results
Ramco Cements has announced a more than two-fold increase in its net profit to INR2bn (US$30m) for the its fourth quarter ended 31 March 2016, compared to INR934m (US$13.8m) for...
India
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India: Positive outlook for growth, but challenges remain
Cement consumption in India doubled between 2005 and 2015, but still lags behind China’s at a comparable stage of development. In 2001, the World Bank calculations put China’s G...
India: JK Lakshmi Cement 4Q net profit soars
JK Lakshmi Cement’s net profit soared in the quarter ended 31 March 2016 from INR60.5m (US$ 0.90m) to INR483.8m YoY. Total 4Q revenues of the company jumped 27 per cent from INR...
India: Adilabad cement plant could reopen
A closed cement factory at Adilabad will be the discussion of a possible reopening as Union Heavy Industry Minister Anant Geete is set to hold a meeting with officials of the Te...
LafargeHolcim: cement volumes up 1.4% but revenues flat
In its results for 1Q16, LafargeHolcim announced that cement volume sales rose by 1.4 per cent YoY with the Asia-Pacific region accounting for most of the improvement. Like-for-...
India: ECO Cement to produce for Prism Cement
Cogencis EquityWire reports that ECO Cement (ECL) and Prism Cement have reached an agreement whereby the former will manufacture and supply cement to the latter.
India: Sagar Cements ordered to stop mining in Sulthanpur forest
Sagar Cements have been ordered by the National Green Tribunal (NGT) to cease mining activity in Sulthanpur forest in Telangana following a complaint that the company was encroa...
India: Birla sees Q4 profit rise to US$17m
Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a...
India: Grasim and UltraTech well positioned for growth
Grasim Industries, a subsidiary of UltraTech, has announced impressive results and signs of a recovery in cement demand growth, which is estimated at ~11.5 per cent for the curr...
India: Burnpur Cement to invest INR5bn in capacity expansion
Indian cement producer Burnpur Cement plans to invest INR5bn (US$75m) to expand its production capacity to 3Mta by 2020. "Presently, our installed capacity stands at 0.6Mta and ...