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Madras Cements' Q1 net profit up by 25%

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Madras Cements has reported a 25 per cent jump in net profit for the first quarter of the current year compared with the corresponding quarter previously. Higher cement sales and improved profitability have contributed to the growth, said a company press release.The company has reported a net profit of Rs 123.01 crore (Rs 98.30 crore) for the quarter ended June 30, 2012, on a total income of Rs 995.27 crore (Rs 768.21 crore).Finance cost has increased to Rs 54.26 crore (Rs 47.60 crore). The operating profit was up 26 per cent to Rs 314.47 crore (Rs 250.18 crore). Cement sales jumped 20 per cent during the first quarter to 21.58 lakh tonne (17.79 lakh tonne).Revenue from wind mills has increased to Rs 40.95 crore (Rs 32.08 crore) with electricity generation increasing to 1,144 lakh units (943 lakh units) during the quarter.A press release said the company plans to appeal against the order of the Competition Commission of India levying a penalty of Rs 258.63 crore for alleged cartelisation.Madras Cements will approach the Competition Appellate Tribunal against the order of June 20, 2012. It has not provided for the penalty in the accounts.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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