Cement News tagged under: indian subcontinent

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ACC sets out 2030 sustainability targets

13 August 2021, Published under Cement News

ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Based Targets initiative (SBTi), according to a press release. ACC has committed to reducing scope 1 GHG emissions/t of cementitious material by 21.3 per cent and scope 2 GHG emissions/t by 48.4 per cent by 2030, compared with a 2018 base year. "At ACC, we continuously strive to become a responsible and sustainable c...

India Cements reports 35% increase in revenue

13 August 2021, Published under Cement News

India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR7.57bn in the year-ago period. Cement production climbed 40 per cent YoY to 1.88Mt, while overall sales including clinker increased 37 per cent. 

Shree Cement appoints new chief sustainability officer

12 August 2021, Published under Cement News

India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthening its sustainability and ESG value proposition. "The appointment will help bring a more focussed approach in its drive towards catalysing sustainability as a major driver of its growth. It is a reflection of SCl's efforts to reinforce its sustainability credentials and boost stakeholder engagemen...

Shree Cement sees 79% net profit increase

11 August 2021, Published under Cement News

India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period. Total income also increased 46.1 per cent YoY to INR35.89bn from INR24.57bn, while net profit climbed 78.5 per cent to INR6.61bn. Cement volumes advanced 41 per cent YoY to 6.79Mt while clinker sales were down 62 per cent YoY, holding overall volume growth to 39 per cent YoY at 6.84Mt, according ...

India's government urged to reopen cement works

09 August 2021, Published under Cement News

India’s Union government has been urged by a Telangana state minister to revive Adilabad's Cement Corp of India (CCI) plant in the state. In a letter to Heavy Industries Minister, Mahendra Nath Pandey, a request was made for the reopening of the plant which has remained closed since 1996. The CCI plant in Adilabad began production in 1984, serving the cement requirements in the Marathwada and Vidarbha regions of Maharashtra and north Telangana. The plant stopped manufacturing in 1996 due ...

Orient Cement posts 246% YoY rise in profit

04 August 2021, Published under Cement News

India’s Orient Cement has posted a 17 per cent QoQ decline in operating revenue to INR6.9bn (US$92.95m) in the first quarter of FY21-22, compared with INR8.32bn in the previous quarter. EBITDA also slipped 8.5 per cent QoQ to INR1.85bn, while profit after tax was down 10 per cent to INR886m. However, on a YoY basis, the company’s profit after tax more than doubled from INR256.1m in the 1QFY20-21. "The cement industry is expected to witness a volume growth due to demand revival in infrastruc...

Ambuja Cements plans 1.5Mta Ropar expansion

02 August 2021, Published under Cement News

India’s Ambuja Cements has announced plans to expand capacity at its Ropar plant in Punjab over the next two years, representing an investment of INR3.1bn (US$41.68m). The 1.5Mta project is expected to be completed by June 2023 with the grinding unit reaching a total capacity of 4.5Mta. "We are optimistic about the growth in demand for cement in India. The expansion of our Ropar unit along with more investment in the coming years will help us unlock fresh opportunities by debottlenecking e...

Mangalam Cement sees 57% rise in sales

19 July 2021, Published under Cement News

India’s Mangalam Cement has reported a 57.1 per cent rise in sales to INR3.55bn (US$47.52m) in the quarter ending June 2021, compared to INR2.26bn in the year-ago period. Net profit also increased 189.4 per cent YoY to INR399.4m from INR138m in the corresponding period of the previous fiscal.

Tokyo Cement Group supplies purified water system

19 July 2021, Published under Cement News

Tokyo Cement Group has gifted purified drinking water facilities to the people of Siyambalagaswewa in Mihintale, Sri Lanka as part of its Fountain of Life project. The company installed a customised water purification system with reverse osmosis technology, with an output capacity of 5000lpd to nearly 650 Siyambalagaswewa villagers. Managing Director of Tokyo Cement Co (Lanka) PLC, SR Gnanam, in a statement noted, "The project is implemented in selected rural parts of our country, wher...

Indian government sets up new cement council

08 July 2021, Published under Cement News

The Indian government has set up a 25-member development council for the cement industry, which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote the standardisation of products, according to a press release. Other functions of the council include recommending measures for securing the full utilisation of installed capacity, particularly of less efficient units, as well as promoting training, and promoting or undertaking scientific ...