Cement News tagged under: indian sub-continent
JK Cement records net profit of INR1248m14 November 2022, Published under Cement NewsJK Cement has reported that its standalone net profit declined by 26.1 per cent to INR1248m (US$15.5m) in the 2QFY22-23. This is against INR1688m in the year-ago period, the company said in a regulatory filing. The revenue from operations during the declined by 16.7 per cent during the period. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) was down by 9.8 per cent at INR2967m from INR3290m in the year ago period. The company has also approved an expansion p... |
Nuvoco Vistas reports INR1300m loss in 2QFY2210 November 2022, Published under Cement NewsNuvoco Vistas Corp reported a INR1300m (US$15.99m) consolidated loss for the July-September quarter (2QFY22-23). The company had reported a loss of INR260m in the corresponding quarter last year. The consolidated cement sales volume for the company improved by 15 per cent YoY to 4.4Mt in 2QFY22-23. Consolidated revenue from operations during the same period improved by 19 per cent YoY to INR24,010m in line with higher sales volume and improved prices. Consolidated EBITDA for the quarter... |
Udaipur Cement Works orders new VRM09 November 2022, Published under Cement NewsUdaipur Cement Works Ltd ( JK Lakshmi Cement group ) has ordered a Gebr Pfeiffer MVR vertical mill for grinding blended cement with a capacity of 350tph at a target fineness of seven per cent at R45µm. The mill with an integrated high-efficiency classifier of the type SLS 6000 VC will be equipped with a 6680kW drive. A special feature of the grinding system is that the fly ash is not dry but will be delivered with a moisture content of up to 20 per cent. As the grinding plant is located... |
Lucky Cement's green energy uses will increase in FY2307 November 2022, Published under Cement NewsAKD Research has termed Lucky Cement Pakistan’s largest cement conglomerate. The year 2023 will be a new milestone year for Lucky Cement with its expanded capacity and adherence to ESG compliance . The company will continue to dominate the market share. With the completion of the 3.15Mta expansion at its Pezu plant in December 2022, the company's total cement capacity would increase from 12.15Mta to 15Mta, resulting in its market share to increase from 14.8 per cent to 17.3 per cen... |
Dalmia Bharat Ltd reports 77% fall in consolidated net profits in Jul-Sep quarter04 November 2022, Published under Cement NewsDalmia Bharat Ltd has reported a 76.84 per cent decline in consolidated net profit at INR470m (US$5.68m) for the quarter ended September. The company had posted a net profit of INR2030m during the July-September quarter a year ago, Dalmia Bharat said in a regulatory filing. Its revenue from operations increased 15.11 per cent to INR29,710m in the second quarter of the current fiscal. In the year-ago period, the same stood at INR25,810m. Dalmia Bharat's total expenses rose nearly 29... |
Dandot Cement Co expects to complete BMR in 3QFY2331 October 2022, Published under Cement NewsDandot Cement Co Ltd Company Secretary, Muhammad Kamran, recently released a progress report on the Pakistan Stock Exchange (PSX) of Balancing Modernisation of Replacements (BMR) of 504,000t of cement plant at Jehlum in Punjab, Pakistan. Cement production has remained suspended due to the closure of plant operations for BMR activity since September 2019. The total cost of BMR is PKR5.8bn (US$26.1m) and is likely to be completed by March 2023. The company is also planning to add a 5MW sola... |
SDCC profit hampered by fuel costs in 2QFY22-2324 October 2022, Published under Cement NewsIndia-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 INR1538.8m in the same period a year earlier. Over the same timeframe, EBITDA fell from INR285.2m to INR171.7m, while profit after tax tumbled from INR134m to INR59.6m. In the 2QFY22-23, power and fuel expenses stood at INR819.1m, compared to INR448.5m in the same period a year earlier. “Despite a very challenging quar... |
Ambuja Cements posts 68% decline in profit in 3QFY2324 October 2022, Published under Cement NewsAmbuja 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 INR1380m (US$16.67m), compared to INR4410m in the same period last year. Net sales advanced by 14 per cent from INR31,930m to INR36,310m. EBITDA in the 3QFY23 came in at INR3040m, significantly impacted by the rise in fuel costs. Volumes saw growth of 12 per cent, while logistics costs saw a notable reduction dri... |
Cement sector fuels Indian M&A record21 October 2022, Published under Cement NewsAdani 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 of M&A deals in India has risen by 58 per cent YoY to US$158bn in the first nine months of 2022, coming in higher than the full-year total in both 2018 and 2021. The nine-month period saw 1795 M&A deals being struck, up 21 per cent YoY, marking another record according to Mint. Analysts believe India could soon ... |
Bestway Cement fires new kiln line at Mianwali plant21 October 2022, Published under Cement NewsCompany Secretary of Bestway Cement Ltd , Hassan Niazi, has informed Pakistan Stock Exchange (PSX) that the company has achieved the major milestone of lighting up the kiln at its 7200tpd greenfield plant near Paikhel, Mianwali district, in Punjab Province of Pakistan. The kiln was successfully lit up at 9.22h on 20 October 2022, added the regulatory filling. Chairman of Bestway Group, Sir Mohammed Anwar Pervez OBE HPk cut the ribbon to inaugurate the lighting up of the kiln. Mr Nia... |