Economy & Market

ACC, Ambuja increase profits for Q1

Published

13 years ago

July 26, 2012

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ACC and Ambuja Cements, both Holcim group of Indian companies, have beaten the Street expectations in terms of a sharp increase in its profitability for the April-June quarter. Rise in realisation, coupled up with higher sales volumes, helped the sister companies post gains between 25 per cent and 35 per cent in their profits, against brokerages’ estimates, which were as low as 3.4-11 per cent.ACC, India’s second-largest cement producer, posted a 26.3 per cent rise in its consolidated net profit at Rs 414.5 crore, against Rs 328.1 crore in the previous corresponding quarter.Consolidated net sales grew 15 per cent to Rs 2,919 crore, compared to Rs 2,539.4 crore in the year-ago period. It sold 6.05 million tonne of building material during the quarter, up two per cent against 5.93 million tonne in the same quarter last year.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

7 days ago

July 23, 2025

admin

GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.