Displaying items by tag: India

India: In its results for the third quarter of the 2022 financial year, HeidelbergCement India has recorded a sales decline of 9.5% year-on-year to US$71.7m from US$79.2m. Its net profit for the quarter was US$4.07m, down by 52% from US$8.51m.

India: Anjani Portland Cement recorded sales of US$14.3m in the third quarter of its 2022 financial year, up by 5.6% year-on-year from US$13.9m in the third quarter of the 2021 financial year. Its net profit was US$566,000, down by 80% from US$2.82m.

India: JK Cement recorded a third-quarter consolidated net profit of US$18.8m in the third quarter of its 2022 financial year. The figure represents a 35% year-on-year decline from US$29.1m in the third quarter of the 2021 financial year.

India: Sahyadri Industries plans to invest US$12.7m in the establishment of a cement board plant in Maharashtra. Reuters News has reported that the company expects to commission the unit by mid-2024.

India: Shree Cement has hired Denmark-based FLSmidth to carry out its digital transformation. The supplier will install its ECS/PlantDataManagement monitoring system at Shree Cement’s cement plants. It says that the technology will increase efficiency.

Shree Cement’s joint managing director Prashant Bangur said "We are always looking at ways to optimise production, and the decision to apply FLSmidth's information management system to all our sites is a natural next step." Whole-time managing director Prakash Narayan Chhangani said "FLSmidth is a trusted partner for us, as we demonstrated by the milling and pyro order we announced last year. And we are confident that this next step in our digital transformation will prove to be profitable."

India: JK Lakshmi Cement recorded revenues of US$159m in the third quarter of its 2022 financial year, consistent with third-quarter levels in the 2021 financial year. Despite this, the company’s net profit declined by 42% year-on-year to US$7.91m from US$13.7m. Its operating costs grew by 4.6% to US$140m during the quarter.

India: Dalmia Cement (Bharat) has commissioned a 14.7MW solar power plant at its 1.3Mt/yr Kapilas grinding plant in Odisha. The producer says that the new power plant multiplies its total solar power capacity in Cuttack District by six to 17.1MW from 2.4MW.

The company said "Furthering Dalmia Cement (Bharat)'s sustainability goal of becoming carbon negative by 2040, this initiative will enhance the plant's energy efficiencies."

India: Shree Cement recorded consolidated revenues of US$430m in the third quarter of its 2022 financial year, down by 2.8% year-on-year and up by 0.4% quarter-on-quarter. The group’s cement sales totalled 6.4Mt, down by 10% year-on-year and up by 2.1% quarter-on-quarter. It reported a 26% year-on-year fall in earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$107m.

India: CK Birla Group subsidiary Orient Cement’s third-quarter sales rose by 2.1% year-on-year in the 2022 financial year to US$82.6m from US$80.9m in the corresponding quarter of the 2021 financial year. The company saw a 19% year-on-year decline in its net profit to US$5.84m during the quarter.

India: Orient Cement’s board of directors has approved a change to the company’s agreement for the acquisition of a 26% stake in renewables company AMPSolar Systems. Indiainfoline News Service has reported that the producer will now pay US$556,000 for the stake, up by 2.7% from the US$541,000 it previously negotiated in December 2020.

AMPSolar Systems recently commissioned its new 13.5MW solar power plant.