Cement News tagged under: indian subcontinent
Shree Cements reports jump in profit01 February 2024, Published under Cement NewsShree Cement has reported total income of INR53,706.5m (US$646.85m) in the quarter ended 31 December 2023. This compares to INR49,321.1m in the previous quarter and INR44,733.8m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR155,366.6m, up from the INR130,655m seen in the same period a year earlier. Profit after tax in the December 2023 quarter stood at INR7018.5m, up notably from the INR4466.2m of the previous quarter and ... |
Ambuja Cements reports jump in profits YoY31 January 2024, Published under Cement NewsAmbuja Cements Ltd has reported total income of INR45,477.3m (US$547.7m) in the three months ended 31 December 2023, up from INR42,043.7m in the same period a year earlier. Profit after tax came in at INR5136.8m in the December 2023 quarter, versus INR3689.9m in the comparable period in 2022. Total expenses over the same period expanded from INR36,793.2m to INR38,673m, while basic earnings per share increased from INR1.86 in the quarter ended 31 December 2022 to INR2.59 in the same peri... |
Kohat Cement welcomes new company secretary29 January 2024, Published under Cement NewsNadeem Atta Sheikh, chief executive at Kohat Cement , informed the Pakistan Stock Exchange Ltd (PSX) on the 26 January that Muhammad Ahsan Yousaf has ceased to be the company secretary of Kohat Cement with immediate effect. Ms Iqra Khalid has been appointed the new company secretary. |
ACC reports 375% surge in PAT26 January 2024, Published under Cement NewsIndia’s ACC Ltd has reported a 139 per cent YoY leap in operating EBITDA to INR9050m (US$108.87m) in the 3QFY23-24. Profit after tax over the same period has advanced by 375 per cent to INR5380m. According to the company, the “robust” results are due to “a sharp growth in volume and improvement of important KPIs.” Revenue for the 3QFY23-24 stood at INR49,140m, up from INR45,370m in the same period a year earlier, while earnings per share improved from INR6.01 in the 3QFY22-23 to INR28.55 i... |
JK Cement sees continued revenue growth25 January 2024, Published under Cement NewsJK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m in the same quarter a year earlier. Profit after tax in the December 2023 quarter came in at INR2894.6m, up from INR1789.2m in the previous quarter and INR576m in the same quarter in 2022. Meanwhile, earnings per share advanced from INR7.46 in the quarter ended 31 December 2022 to INR23.16 in the quarter ended 30 Se... |
Shree Cement begins production at Nawalgarh plant23 January 2024, Published under Cement NewsIndia’s Shree Cement has commenced commercial production at its 4.2Mta cement plant in Nawalgarh . The facility, which is located at Village Gothra, Nawalgarh Tehsil, Rajasthan, began production on 22 January 2024. This latest plant forms part of the cement producer’s plans to reach a cement production capacity of 80Mta by 2030. |
Hetauda Cement to resume production in February19 January 2024, Published under Cement NewsFollowing closure for three months due to a coal shortage, Nepal-based Hetauda Cement Industries Ltd is expected to resume production at its plant in Makanwanpur in the first week of February, according to República. Hetauda Cement Industry's General Manager, Basanta Raj Pandey,said that the plant management has requested the Office of the Prime Minister, the Council of Ministers and the Ministry of Industry, Commerce and Supplies to provide subsidies to help start production. Navee... |
Ambuja Cements to invest INR14bn in 6Mta Telangana plant18 January 2024, Published under Cement NewsAmbuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing. Ambuja Cements is part of the Adani Cement Industries and operates 36.5Mta of cement capacity installed in 16 cement plants across India. |
Unique Cement launches new blended cement16 January 2024, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per cent of 28 days sturdiness of PCC cement in just two days, and 85 per cent sturdiness in the first sev... |
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |