Sanghi Industries sees revenue decline YoY
Sanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over th...
Indian Subcontinent
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Lucky Cement profit jumps 67% in 9MFY23-24
Lucky Cement Ltd announced its financial results for the 9MFY23-24 on the Pakistan Stock Exchange website on 29 April. It posted unconsolidated earnings of PKR18.649bn (US$67m),...
Indian cement demand continues apace but undersupply looms
Indian cement consumption rose 7.9 per cent YoY in 2023, amounting to 418Mt, according to ICR Research. Per capita consumption increased to 293kg in 2023, up from 273kg a year e...
Shiva Cement reports loss in FY24
India-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter...
Star Cement begins production at new clinker line
Star Cement has commenced production at its new clinker line in Lumshnong, Meghalaya, India, with effect from 21 April. The new line has a clinker production capacity of 3.3Mta....
Gautam Adani raises stake in Ambuja Cements
Gautam Adani and his family have made a further investment in Ambuja Cements . Injecting another INR83,390m (US$998.3m) into the business has increased their stake in the cement...
Shree Cement predicted to see 2% sales advance
India-based brokerage, Prabhudas Lilladher, has announced its estimated earnings for Shree Cement in the January-March 2024 period, with a forecast of INR5572m (US$66.58m) in ne...
Pakistan producers to add expiry dates to cement bags
The Competition Commission of Pakistan (CCP) has issued a Policy Note under Section 29 of the Competition Act, 2010 to the Ministry of Science and Technology and Pakistan Standa...
Ambuja Cements acquires 1.5Mta Tuticorin grinding unit
Ambuja Cements , part of the Adani Group , has signed a definitive agreement to acquire a 1.5Mta grinding unit from My Home Industries Group . The deal, which involves the Tutic...
Kerala cement plants handle 48,000t of non-recyclable waste
Cement plants located in India's southern state of Kerala received around 48,000t of non-recyclable waste generated within the state in 2023. The waste was used to provide refus...