JK Lakshmi Cement to merge three subsidiaries
JK Lakshmi Cement's board has approved the merger of three of the company's subsidiaries: Udaipur Cement Works (UCWL), Hansdeep Industries and Trading Co, and Hiddrive Developer...
Indian Subcontinent
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Nuvoco Vistas Corp posts 6% uptick in April-June revenue
India-based Nuvoco Vistas Corp saw its consolidated revenue from operations for the April-June 2024 quarter decline by six per cent YoY to INR26.36bn (US$314.8m) as lower volume...
Indian cement production may need to expand quicker to meet demand Premium
Indian cement consumption is expected to remain robust this year. The rainy season will weigh on demand somewhat in the near term, but fundamentals are strong for a solid resump...
Ambuja Cements posts profit growth in June 2024 quarter
Ambuja Cements Ltd , part of Adani Cement , has reported total income of INR49,361m (US$589.4m) in the quarter ended 30 June 2024, down slightly from the INR49,571m seen in the ...
Sanghi Industries reports improved income YoY
Sanghi Industries Ltd has reported total income of INR2305.5m (US$27.5m) in the quarter ended 30 June 2024. This is up from INR1702m in the same period in the previous year but ...
ACC sees results dip YoY in June quarter
India-based ACC Ltd has reported standalone total income of INR52,254m (US$623.9m) in the three months ended 30 June 2024. This compares to INR52,793m in the same period a year ...
Digvijay Cement reports financial results from 1H24
Digvijay Cement has reported its revenue from ongoing operations for the period ended 30 June 2024 as INR1.76bn (US$21.1m). This represents an 8.3 per cent decrease from the cor...
Shiva Cement reveals plans for new 1Mta plant
Shiva Cement Ltd , part of JSW Cement , has announced plans to construct a 1Mta grinding plant in Odisha, India. The new facility will be set up with Bhushan Power and Steel Ltd...
UltraTech acquires additional stake in India Cements
UltraTech Cement is acquiring a 32.72 per cent share in India Cements , marking an investment of INR39,540m (US$472.2m). According to The Hindu, the move enables Aditya Birla -o...
Cement Manufacturers' Association applauds 2024-25 budget
The Cement Manufacturers’ Association (CMA), the independent body of large cement producers in India that represents almost 75 per cent of the country’s total installed cement c...