Udaipur Cement reports revenue growth in September quarter
India’s Udaipur Cement Works Ltd (UWCL) has reported total revenue of INR2695.2m (US$32.38m) in the quarter ended 30 September 2023, marking an increase from the INR2464.7m seen...
Indian Subcontinent
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ACC Ltd reports YoY rise in revenue
India’s ACC Ltd has reported total income of INR46,425.3m (US$557.7m) in the quarter ended 30 September 2023, down from INR52,793.5m in the previous quarter but up from INR40,56...
Study reveals cost of decarbonising India's cement industry
India’s steel and cement plants will require INR47trn (US$627bn) in additional capital expenditure (capex) to achieve net-zero carbon emissions, according to independent studies...
Adani reduces use of wholesalers
In a bid to boost profitability, Ambuja Cements Ltd and ACC Ltd has reduced the number of distributors it uses in the Gujarat region of India from 12 to three. The move is part ...
Power Cement looks to enhance financial and tax efficiencies
The Board of Directors at Pakistan-based Power Cement Limited has requested the company's management explore and evaluate opportunities for a potential reorganisation of group c...
UltraTech reports 16% YoY sales volume growth in 1QFY24
UltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a ...
Shree Cement approves NCDs to fund expansion
Shree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secure...
Unique Cement Industries Ltd joins WCA
The World Cement Association (WCA) has welcomed Bangladesh-based Unique Cement Industries Limited as a corporate member. Established in 2002, Unique Cement has 1500 employees an...
JK Lakshmi Cement to buy Amplus Helios solar stake
India-based JK Lakshmi Cement Ltd , part of JK Organisation, has announced it will acquire a 20.80 per cent stake in Amplus Helios Pvt Ltd, a special purpose vehicle to set up a...
Lucky Cement announces three new green power projects
Pakistan’s Lucky Cement has announced further investments in green power to help reduce its dependence on imported fuel. According to Business Recorder, the cement producer is l...