Sagar expects Andhra outcome before end of 2022
Sagar Cements expects to announce the outcome of its bid to acquire Andhra Cements before the end of December 2022. Sagar currently has a production capacity of 8.25Mta but hope...
India
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Saurashtra Cement sees revenue decline 13% YoY
India’s Saurashtra Cement Ltd has reported consolidated revenue from operations of INR1864m (US$22.5m) in the quarter ended 30 September 2022. This compares to INR2145m in the p...
SDCC profit hampered by fuel costs in 2QFY22-23
India-based Shree Digvijay Cement Co Ltd (SDCC) has reported revenue from operations of INR1620.1m (US$19.6m) in the quarter ended 30 September 2022 (2QFY23), compared to INR153...
Ambuja Cements posts 68% decline in profit in 3QFY23
Ambuja Cements has posted a 68 per cent fall in standalone net profit in the 3QFY23 ended 30 September 2022. According to Mint, net profit for the three-month period came in at ...
Cement sector fuels Indian M&A record
Adani Group ’s acquisition of Ambuja Cements and ACC has contributed to a new record in merger and acquisition (M&A) activity in India. According to data by Refinitiv, the value...
Sagar Cements sees revenue of US$57m in the 3Q22
Sagar Cements Ltd has reported unaudited consolidated revenue from operations of INR4745.5m (US$57.22m) in the third quarter of 2022, compared to INR3689.3m in the same quarter ...
Study aids decarbonisation plans in emerging markets
A recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, title...
Dalmia and Sagar submit formal bids for Andhra Cements
Dalmia Cement (Bharat) Ltd and Sagar Cements have formally submitted offers to acquire Andhra Cements, according to Business Standard. Andhra Cements, which reportedly owes INR9...
ACC Ltd records cement volume growth of 4%
ACC Ltd (ACC) (Adani Group) has announced the financial results for the quarter ended 30 September 2022, recording a cement volume grew of four per cent as compared to the same ...
Shree Cement reports 67% profit drop
Shree Cement Ltd has reported standalone revenue of INR37,810m (US$458.8m) in the quarter ended 30 September, 2022. This compares to INR32,058m in the same period a year earlier...