Sri Lanka slash duty on cement import
To facilitate uninterrupted imported cement and boost the construction industry, the Sri Lankan government announced that the cess imposed on imported cement was reduced by INR1...
Indian Subcontinent
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Kohat Cement Company’s profit advances 53% in FY23-24
Pakistan’s northern cement producer, Kohat Cement Co Ltd (KOHC), announced its financial results for FY23-24 on the Pakistan Stock Exchange website on 5 September. The company p...
Pakistan cement dispatches witness 26% drop in August
Total cement dispatches in Pakistan declined by 25.7 per cent to 3.37Mt in August 2024 when compared with 4.53Mt in August 2023. According to the All Pakistan Cement Manufacture...
Dalmia agrees to acquire 26% stake in Truere Surya
India-based Dalmia Bharat Group said that its subsidiary Dalmia Cement (Bharat) has entered into a share subscription and share holders agreement (SSSHA) to acquire a 26 per cen...
India’s SEBI puts temporary stop on JSW Cement IPO
India’s Securities and Exchange Board (SEBI) has put a temporary halt on the initial public offering (IPO) of JSW Cement. The IPO included a new equity issuance and an offer for...
Cement sales continue to contract in Pakistan
Total cement dispatches in Pakistan dropped 6.8 per cent YoY to 3.01Mt in July from 3.23Mt a year earlier, according to the All Pakistan Cement Manufacturers Association (APCMA)...
India Cements returns to black in 1QFY24-25
India Cements reported a standalone 1QFY24-25 revenue from operations of INR9.72bn (US$115.8m), down 30 per cent YoY. Cement and clinker volumes decreased to 1,961,000t in the f...
Mangalam Cement reports 16% net profit rise in 1QFY24-25
Mangalam Cement Ltd , part of the BK Birla Group of Companies , posted unaudited revenues of INR3805.73m (US$45.32m) in the f posted unaudited revenues of INR3805.73m (US$45.32m...
Punjab increases limestone royalty rate
To increase revenue from the mining sector, the government of Punjab, Pakistan, has announced an increase in the royalty rate on limestone to six per cent of the ex-factory sale...
JK Lakshmi Cement sees surge in 1Q net profit
JK Lakshmi Cement Ltd has reported consolidated busines results for the period ended 30 June 2024. The company posted a net profit of INR1.5bn (US$18.6m) for the quarter, up fro...