HeidelbergCement India sees profit slump in December 2022 quarter
HeidelbergCement India has reported total income of INR5506.7m (US$66.6m) in the quarter ended 31 December 2022, up from INR5170.6m in the previous quarter but down slightly on ...
Indian Subcontinent
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Shree Cement resignation
India’s Shree Cement has announced that Prakash Narayan Chhangani has resigned as whole-time director of the company. His resignation is effective from 13 February 2023. Accordi...
Power and fuel costs hit profits at Ramco Cements
Ramco Cements Ltd has reported revenue of INR20,180.9m (US$244.3m) in the quarter ended 31 December 2022. This compares to INR17,932m in the previous quarter and INR15,558.8m in...
Ambuja Cements reports 11% QoQ revenue rise
Ambuja Cements Ltd , part of the Adani Group , has reported an 11 per cent QoQ increase in revenue in the quarter ended 31 December 2022. Net revenue for the three-month period ...
The India Cements Ltd sees revenue slip MoM
The India Cements Ltd has reported revenue from operations of INR12,194m (US$147.3m) in the quarter ended 31 December 2022. This compares to INR12,546m in the previous quarter a...
Star Cement reports 27% rise in 3Q net profit
India-based Star Cement saw its net profit increase by 27 per cent YoY to INR303m (US$3.67m) for the quarter ended 31 December 2022 (3QFY22-23). Net revenue advanced by 15.4 per...
Adani Group shares tumble amidst fraud claims
Gautam Adani, owner of the Adani Group , saw his fortune fall by US$20bn on Friday last week after investors withdrew from his companies amidst fraud claims made by a US investm...
Sagar Cements sees profits tumble in 2022
India's Sagar Cements Ltd (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m ...
Sagar Cements wins bid to acquire Andhra Cements
Sagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the reso...
ACC launches ACC ECOMaxX
ACC Ltd , the cement and building material company of Adani Cement and part of the Adani Group, is set to bring a new dimension to the building materials industry with the launc...