Economy & Market

Cement companies posted tepid Q3 results

Published

14 years ago

January 2, 2011

admin

Cement companies have unveiled disappointing results for the December 2010 quarter. High raw material and fuel costs coupled with poor demand were the major reason for the poor show. Demand was barely 5.3 per cent in this period with the exception being October 2010 at 18 per cent. This, in turn, was largely due to restocking by agents following poor sales in the preceding four months. Growth in demand was hit by unseasonal rains, a slowdown in the southern region and poor offtake in the real estate sector. Demand in the Eastern region remained firm with a growth of 12 per cent largely due to speedy completion of infrastructure projects in Bihar ahead of the elections. The North was volatile with a fall of 8 per cent in November 2010 after a growth of 14 per cent in the preceding month. The West did relatively well with 15 per cent growth in October 2010 and November 2010. Capacity utilisation fell to 74 per cent in the third quarter from 84 per cent recorded in the same period last year due to 50 mt of new capacity.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

4 days ago

April 21, 2025

admin

UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

4 days ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

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Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

4 days ago

April 21, 2025

admin

Dalmia Bharat has successfully achieved its FY25 production capacity target of 49.5 million tonnes per annum (MTPA). This milestone was reached following the commencement of commercial production at its Rohtas Cement Works (RCW) in Bihar, where an additional 0.5 MTPA capacity has been added from March 30, 2025.
The expansion, which involved an investment of `96 crore, boosts the Rohtas plant’s total capacity to 1.6 MTPA. This development underscores the company’s continued focus on strengthening its presence in eastern India and aligns with its long-term goal of scaling total capacity to between 110 and 130 MTPA by the year 2031.
Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, shared, “The Eastern region holds immense promise, and this expansion is a reflection of our commitment to contribute meaningfully to its infrastructure growth. Reaching the 49.5 MTPA mark is a key step in our journey towards sustainable and strategic expansion.”