LIC reduces stake in India Cements Ltd
India-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and Jul...
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Indian cement demand to rise 7-8% in FY24
Cement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain o...
Orient Cement sees revenue advance in FY22-23
Orient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period ...
Bangladesh cement export revenue jumps 43% YoY
Bangladesh has reported 42.7 per cent YoY growth in cement export revenue to US$13.66m in FY22-23 (July 2022-June 2023). This compares to US$9.57m in the same period a year earl...
Shree Cement reports 18% YoY revenue growth
Shree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 c...
UltraTech sales advance 20% in 1QFY23-24
UltraTech has announced 20 per cent YoY growth in sales volumes in India in the opening quarter of FY23-24 (March-June 2023). Volumes over the three-month period came in at 29.0...
Shree Cement commissions Purulia plant
Shree Cement announced the completion of its INR5.5bn greenfield cement plant in Purulia, Bengal, India. The 3Mta cement plant is its first production facility in Bengal and has...
Sika continues Indian expansion
Sika is opening a new plant in Kharagpur, eastern India, as it continues to expand its production capacity in the Indian market. The plant will manufacture mortar products, conc...
Ramco Cement commissions Line 3 at Raja Nagar
Ramco Cements has commissioned Line 3 at its Ramamasamy Raja Nagar plant in Tamil Nadu, India. This marks the first integrated cement line in the region in the last 15 years, ac...
Birla Corp targets 15% sales volume growth in FY23-24
India’s Birla Corp Ltd (BCL) has forecast sales volume growth of 15 per cent in FY24, on the back of infrastructure investment and ongoing government projects. The company repor...