JK Cement announces 75% drop in net profit for 2Q24
JK Cement Ltd has announced a steep 74.7 per cent YoY drop in its net profit for the July-September 2024 quarter, with earnings falling to INR452m (US$5.38m), far below analysts...
South Asia
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Dalmia Cement plans 100% renewably-powered plant in Madhya Pradesh
Dalmia Cement has announced plans to construct a 4Mta cement plant in Madhya Pradesh, becoming the first such facility in India to operate entirely on renewable energy. The proj...
UltraTech Cement expands capacity to 156Mta
UltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity...
Lucky Cement announces new leadership
On 13 October, Lucky Cement 's Company Secretary, Ali Shanab, informed the Pakistan Stock Exchange (PSX) that the board of directors has appointed Mr Muhammad Sohail Tabba as th...
Indian cement industry growth expected to slow in FY24-25
India's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown fro...
JSW Cement adds 2Mta of capacity to its grinding plant in Karnataka
JSW Cement has expanded its Vijayanagar plant in Karnataka by adding an additional 2Mta of grinding capacity, bringing the total capacity at the site to 6Mta. The project, which...
Dewan Cement Ltd reported a net loss of US$1.72m for FY23-24
Dewan Cement Ltd (DCL), a major cement producer in Pakistan, has reported a net loss of PKR509.7m (US$1.72m) for the financial year ended 30 June 2024 (FY23-24), slightly improv...
JK Cement plans to invest INR30bn in capacity expansion
India-based building materials manufacturer, JK Cement , has announced plans to invest INR30bn (US$358.4m) to increase its capacity by 25 per cent, from 24Mta to 30Mta by the en...
Adani Group to set up new cement grinding unit
Adani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art propella...
UltraTech secures US$500m sustainably-linked financing for FY27 expansion goal
UltraTech Cement , India's leading cement manufacturer, has unveiled an ambitious plan to expand its production capacity to over 200Mta by FY27. This strategic move is part of U...