Cement News tagged under: indian subcontinent

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Dalmia Bharat sees 11% climb in revenue

28 October 2021, Published under Cement News

India’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p...

Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage

28 October 2021, Published under Cement News

Sri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t...

Ramco Cements announces 19% increase in revenue

27 October 2021, Published under Cement News

India’s Ramco Cements has posted an 18.7 per cent YoY increase in consolidated revenue to INR15.03bn (US$200.1m) in the quarter ending September 2021. The company was reportedly supported by better volumes and pricing in the light of strong cement demand. Net profit surged 111.8 per cent to INR5.16bn from INR2.44bn in the July-September 2020 period.

Orient Cement records 28% YoY revenue increase

27 October 2021, Published under Cement News

India’s Orient Cement has recorded a consolidated revenue of INR6.13bn (US$81.63m) in the 2QFY21-22, up 28.4 per cent YoY from INR4.78bn in the comparable period of the previous fiscal. Net profit also climbed 63.4 per cent YoY to INR568.8m from INR348.2m.

Alamgir Kabir re-elected as president of the BCMA

26 October 2021, Published under Cement News

Alamgir Kabir, vice-chairman of MI Cement Factory, has been re-elected president of the Bangladesh Cement Manufacturers’ Association (BCMA). Shahidullah, managing director of Metrocem Cement and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been re-elected as the first and second vice-president of the BCMA, respectively. “Working with the policymakers to flourish the cement sector as well as to keep the consumers’ interest up will ...

Attock Cement records 22% decline in revenue

25 October 2021, Published under Cement News

Pakistan’s Attock Cement has announced a 21.6 per cent YoY decrease in consolidated revenue to PKR5.73bn (US$32.86m) in the quarter ending 30 September 2021, compared to PKR7.31bn in the year-ago period. Profit also fell 46 per cent YoY to PKR373.3m from PKR691.7m in the 1QFY20-21.

ACC reports 6% rise in EBITDA for the 3Q21

20 October 2021, Published under Cement News

India’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax advanced 23.6 per cent YoY to INR4.5bn from INR3.64bn. "ACC has recorded a solid performance during the quarter through operational excellence and a focus on sustainability while meeting customers’ needs. Despite a steep increase in fuel costs, our cost efficiency measures under project ‘Parvat’ have enabled us to m...

Malabar Cements meets opposition against new mine

20 October 2021, Published under Cement News

India’s BJP district committee has opposed the move to open a new limestone mine in Walayar forest, Kerala, for Malabar Cements Ltd (MCL). The current mining permission for MCL will end in 2023. Therefore, moves are reportedly being made to open a new mine in nearby Pandarathumala, with MCL seeking permission from the Union Ministry of Forest and Environment. However, the party has stated that it is an ecologically sensitive area and no mining should be allowed. In response, employees ...

Penna Cement receives approval for IPO

19 October 2021, Published under Cement News

India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue of INR13bn and an offer for sale of up to INR2.5bn by promoter PR Cement Holdings, which holds a 33.41 per cent stake in the company. The fresh capital is expected to be used for the repayment of borrowings and to fund an expansion project.

Power supply switching station ready for Huaxin Cement

18 October 2021, Published under Cement News

Nepal Electricity Authority (NEA) has commissioned the switching station in Dhading district that will be supplying electricity to the Huaxin Cement plant that is under construction. According to the NEA, the switching station was charged on Friday by using the electricity supply from Marsyangdi-Syuchatar 132kV transmission line. The NEA will be supplying 20MW of electricity to the cement factory. As a result, NEA  will be able to supply electricity locally through two transmission lines w...