Cement News tagged under: indian subcontinent

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Lucky Cement announces record profits

29 April 2021, Published under Cement News

Pakistan’s Lucky Cement has reported a record consolidated profit after tax of PKR22.15bn (US$144.39m) in the first nine months of the FY20-21. The company’s net profit surged 292 per cent YoY, on the back of improved profitability from its cement segment which saw better efficiency from its new line in northern Pakistan. Gross turnover advanced 63 per cent to PKR202.16bn from PKR123.99bn in the 9MFY19-20. On a standalone basis, its overall sales volumes of cement climbed 31.1 per cent to...

Shree Digvijay Cement posts 8% rise in income

29 April 2021, Published under Cement News

India’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR274.3m.

Maple Leaf Cement sees 13% increase in sales

28 April 2021, Published under Cement News

Pakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur...

DG Khan Cement reports 7% rise in revenue

27 April 2021, Published under Cement News

Pakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit...

Zuari Cement issued with closure order

26 April 2021, Published under Cement News

Zuari Cement’s operations in Yerraguntla, Kadapa, has been issued with a closure order by India’s Andhra Pradesh Pollution Control Board (APPCB). The closure orders were issued to the company for failing to abide by the environmental conditions prescribed by the pollution control board, according to the New Indian Express. As a result, the APPCB has asked the local power distributor to disconnect power connectivity to the plant.

ACC and Ambuja partner to research sustainable solutions

23 April 2021, Published under Cement News

India’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction work. The collaborative research study will be financially aided by the LafargeHolc...

Power Cement posts surge in revenue

21 April 2021, Published under Cement News

Pakistan’s Power Cement has seen its revenue surge 341 per cent to PKR10.96bn (US$71.39m) in the nine-month period ended 31 March, compared to PKR2.65bn in the year-ago period. Its profit after tax reached PKR110.5m against a PKR1.75bn loss in the 9MFY19-20. In the 3QFY20-21 revenue advanced to PKR4.1bn from PKR1.39bn, while profit after tax returned to PKR41.68m from a PKR1.38bn loss in the 3QFY19-20.

ACC reports 74% rise in profit for the 1Q21

20 April 2021, Published under Cement News

India's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its...

L&T Construction wins 3.5Mta project in India

20 April 2021, Published under Cement News

India-based Larsen and Toubro (L&T) Construction has announced several significant contracts across multiple sectors, including the cement industry, with values in the range of INR10-25bn (US$134-334m). As such, its building and factories segment won an order from one of the country’s leading cement manufacturers for a 3.5Mta brownfield project in Nimbahera, Rajasthan. The scope of work involves mechanical and civil works as well as equipment erection.

Kohat Cement returns to profit in 3Q

13 April 2021, Published under Cement News

Pakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma...