Indian cement prices down 4% MoM
At an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Cent...
Indian Subcontinent
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KJS Cement records 36% advance in profit
India’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per ...
Ambuja Cements begins trial production at Marwar facility
India’s Ambuja Cements has begun trial production at its Marwar cement works in Nagaur district, which will increase the company’s clinker capacity by 3Mta. The plant was built ...
Star Cement reports 50% growth in profit
India’s Star Cement has seen its standalone net profit grow 50.4 per cent YoY in the quarter ending 30 June 2021, increasing to INR541.8m (US$7.3m) from INR360.3m. Net revenue w...
JK Cement sees surge in consolidated net profit
India’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the ye...
Anjani Portland Cement sees 51% revenue increase
India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same peri...
ACC sets out 2030 sustainability targets
ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Ba...
India Cements reports 35% increase in revenue
India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to ...
Shree Cement appoints new chief sustainability officer
India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towa...
Shree Cement sees 79% net profit increase
India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in t...