Cement News tagged under: indian subcontinent
NCL Industries announces expansion plans24 June 2021, Published under Cement NewsIndia’s NCL Industries has announced an INR3bn (US$40.4m) expansion and modernisation plan to boost its total cement capacity to 3.6Mta by 2022. The project includes setting up a 0.66Mta grinding unit near Anakapalle, Andhra Pradesh, at an investment of INR2bn and modernising its plant in Mattapalli, Telangana, at a cost of INR1bn. "We will be replacing the old ball mills with vertical roller mills for grinding that will enhance capacity by 2000tpd and help boost overall capacities from t... |
India: further challenges ahead15 June 2021, Published under Cement NewsIndia’s cement demand declined by less than initially anticipated in 2020 and producer profitability was supported by a better-than-expected economic recovery, stable cement prices and greater cost efficiencies. However, GDP growth has been precarious and as the pandemic takes a concerning turn, 2021 may be no less challenging in terms of market dynamics and maintaining cost discipline. A pick-up in government-led infrastructure projects resulted in incremental cement demand Ind... |
Cement prices rise in Tamil Nadu15 June 2021, Published under Cement NewsCement prices in India’s state of Tamil Nadu have reportedly climbed over the past few months. Builders in the state have claimed a 13 per cent price hike from INR460 (US$6.27)/bag in May to INR520/50kg bag in June, according to The Hindu. Research firm Emkay has also stated there has been a 20-22 per cent rise in prices in the state from FY20 to FY21. Real estate developers are noting that this will have an impact on the total cost of projects. "When it comes to construction there are tw... |
JK Cement reports 39% rise in revenue14 June 2021, Published under Cement NewsIndia’s JK Cement has reported a standalone net profit of INR633.4m (US$8.65m) for the quarter ending 31 March 2021, compared to INR2.3m in the year-ago period. Net revenue also advanced 38.9 per cent YoY to INR20.52bn from INR14.77bn in the 4QFY19-20. The company’s operating profit reached INR4.39bn, up 26.8 per cent from INR3.46bn in the same period of the previous fiscal. |
Star Cement reports 10% rise in revenue11 June 2021, Published under Cement NewsIndia’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn. Star Cement also commenced production at a new 2Mta grinding unit in Siliguri, West Bengal, in J... |
MI Cement Factory moves forward with expansion plans08 June 2021, Published under Cement NewsBangladesh’s MI Cement Factory has reopened its investment plan worth BDT7.70bn (US$91.74m), which will see it set up its sixth production line at its factory in Munshiganj. The new production line will add 8280tpd to its existing capacity of 11000tpd. The company has postponed the project in October last year, but has reversed the decision following the industry’s recovery from the impacts of the pandemic. |
Burnpur Cement posts net loss in the March quarter03 June 2021, Published under Cement NewsIndia’s Burnpur Cement has seen an INR158.7m (US$2.17m) standalone net loss in the January-March quarter of 2021, compared to INR1.25bn in the year-ago period. However, net revenue surged 142 per cent YoY to INR432m from INR178.5m in the 4Q19-20. Operating expenses increased 138.7 per cent YoY to INR421.8m from INR176.7m. |
Anjani Portland to acquire controlling stake in Bhavya Cements27 May 2021, Published under Cement NewsIndia’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/share). The objective of the deal is to improve the market presence of the company through the addition of a new brand, according to Anjani Portland. Bhavya currently operates around 1.4Mta of cement capacity and has annual revenues in the region of INR3bn. |
Anjani Portland Cement posts 111% rise in profit26 May 2021, Published under Cement NewsIndia’s Anjani Portland Cement has reported a largely stable total income in the full-year period ending 31 March 2021, reaching INR4.14bn (US$56.9m) from INR4.13bn in the FY19-20. However, net profit surged 110.6 per cent YoY to INR849.8m from INR403.5m in the previous fiscal. |
Shree Cement records 22% revenue increase26 May 2021, Published under Cement NewsIndia’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32.18bn in the year-ago period. Net profit advanced 30.5 per cent YoY to INR7.68bn from INR5.88bn. In the full-year period, revenue from operations climbed 5.7 per cent to INR125.88bn from INR119bn in the FY19-20. Net profit surged 40.8 per cent YoY to INR23.12bn. |