SRM Group ventures into cement
India’s SRM Group has entered the cement business with the launch of a new subsidiary, SRMPR Cement. The Chennai-based company invested INR2250m in a 420,000tpa cement capacity ...
India
2,879 posts · Page 55 of 288
JK Lakshmi Cement to invest INR2.25bn in Surat expansion
JK Lakshmi Cement announced it will be spending INR2.25bn (US$27m) to expand its Surat plant in Gujarat, India. Cement capacity at the plant will be increased by 1.35Mta by sett...
Kakatiya Cement returns to black in 2QFY23-24
India-based Kakatiya Cement Sugar & Industries reported a standalone net profit of INR18m in the 2QFY23-24 when compared to a net loss of INR49.9m in the year-ago period. Operat...
Ambuja Cement reports quadrupling 2Q profit
Ambuja Cements , part of Adani Cement Industries , saw profit quadruple in the 2QFY23-24 to INR6440m (US$77.4m) from INR1390m in the year-ago quarter. The company’s revenue adva...
India Cements narrows 2Q loss
The India Cements Ltd reported a lower net loss of INR810m (US$9.7m) in the 2QFY23-24 compared with a net loss of INR1380m in the year-ago period. EBITDTA for the 2QFY23-24 reac...
Udaipur Cement reports revenue growth in September quarter
India’s Udaipur Cement Works Ltd (UWCL) has reported total revenue of INR2695.2m (US$32.38m) in the quarter ended 30 September 2023, marking an increase from the INR2464.7m seen...
ACC Ltd reports YoY rise in revenue
India’s ACC Ltd has reported total income of INR46,425.3m (US$557.7m) in the quarter ended 30 September 2023, down from INR52,793.5m in the previous quarter but up from INR40,56...
Adani Cement completes refinancing package
Adani Cement , through Endeavour Trade and Investment Ltd, announced the successful completion of its refinancing programme for acquisition debt taken for Ambuja Cements and ACC...
Study reveals cost of decarbonising India's cement industry
India’s steel and cement plants will require INR47trn (US$627bn) in additional capital expenditure (capex) to achieve net-zero carbon emissions, according to independent studies...
Adani reduces use of wholesalers
In a bid to boost profitability, Ambuja Cements Ltd and ACC Ltd has reduced the number of distributors it uses in the Gujarat region of India from 12 to three. The move is part ...