Sagar Cements to submit acquisition plan for Andhra Cements
Sagar Cements will submit a resolution plan for its acquisition of Andhra Cements before 18 August 2022. According to The BusinessLine, the company hopes to receive the necessar...
Indian Subcontinent
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Mangalam Cement reports 43% uptick in income in 1QFY23
Mangalam Cement has reported a 42.9 per cent YoY increase in total income to INR5181.7m (US$65.13m) in the 1QFY23, compared to INR3625.1m in the same quarter a year earlier. Ove...
Birla Corporation hit by escalating fuel costs
Birla Corp Ltd has reported a 25.2 per cent increase in revenue to INR22,180.6m (US$278.8m) in the first quarter of FY22-23, despite tepid cement demand. However, profitability ...
Star Cement 1Q net profit drops 24%
India-based Star Cement has seen its net profit decline by 23.7 per cent YoY to INR413.2m (US$5.23m) in the first quarter of FY22-23 (ended 30 June 2022) when compared with a ne...
Dewan Cement appoints new CEO and director
Pakistani cement producer Dewan Cement Ltd informed Pakistan Stock Exchange that Ishtiaq Ahmed and Waseem-ul-Haque Ansari have been appointed as CEO and director of the company,...
HeidelbergCement India sees revenue increase
HeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over the ...
Sagar Cements and Dalmia Cement express interest in Andhra Cements
Sagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to T...
Nepal makes export debut to India
Nepal has exported cement to India for the first time. According to Palpa Cement Industries Ltd, the company shipped 3000 sacks of its Tansen brand to India on 9 July 2022 and w...
UltraTech Cement stalls on plant purchase
UltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of si...
UltraTech Cement pays for Russian coal shipment in yuan
UltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importi...