Nuvoco Vistas sees 32% drop in 2Q EBITDA on sluggish demand
India-based Nuvoco Vistas Corp posted a revenue of INR22.69bn in the 2QFY24-25 ended 30 September 2024. This represents a 11.8 per cent drop from INR25.73bn in the 2Q23-24. EBIT...
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Jindal Group to expand cement capacity to 7Mta
Jindal Group is expanding its cement grinding capacity to 7Mta by commissioning a 1.5Mta cement grinding unit in Odisha, India. In a statement, the group said, "Its arm Jindal P...
Adani group acquires Orient Cement
Ambuja Cements , part of the Adani Group , has agreed to acquire Orient Cement Ltd at the equity value of INR81bn (US$963.4m). This binding agreement set Ambuja to acquire a 46....
UltraTech Cement reports a slight decrease in performance
UltraTech Cement Ltd has released their quarterly performance for the 2QFY25. Consolidated net sales was at INR153.08bn (US$1.82bn) compared to INR157.35bn in the same period a ...
Dalmia Bharat reports decline in profits
Dalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company ...
UltraTech Cement expands capacity to 156Mta
UltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity...
Indian cement industry growth expected to slow in FY24-25
India's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown fro...
Indian cement sector to face revenue decline in Q2FY2025 amid weak demand
India's cement sector is expected to witness a 7.2 per cent year-on-year (YoY) drop in revenues for Q2FY25, driven by an 8.7 per cent YoY fall in realisations, according to a re...
Ambuja leads the industry in joining Alliance for Industry Decarbonisation
Ambuja Cements , part of the Adani Group , has become the first cement manufacturer globally to join the Alliance for Industry Decarbonisation (AFID). The AFID, coordinated by t...
Dalmia Bharat acquires 25% stake in solar power producer
Dalmia Bharat Ltd , through its subsidiary Dalmia Cement (Bharat) Ltd, has entered into an agreement to acquire a 25.38 per cent stake in Bijlee Kandasamy Pvt Ltd for INR33m. Th...