Economy & Market

Power boost for Shree Cement

Published

10 years ago

August 31, 2015

admin

Kolkata-based Shree Cement show-?cased better-than-expected realisations in the cement segment for the June quarter. The company?s power segment, too, saw higher volumes and improved realisations. Its sales at Rs 1,719 crore beat the Bloomberg consensus estimate of Rs 1,635 crore. Shree Cement?s operating profit of Rs 357 crore was better than the anticipated Rs 312 crore. Its profit at Rs 104 crore was 42 per cent ahead of Bloomberg consensus estimate of Rs 73 crore. So, a 1.68 per cent up move to Rs 11,641 levels in trade on Wednesday did not come as a surprise.

Shree saw cement volumes including clinker grow 20 per cent YoY to 4.47 million tonnes. Although volumes were led by expansions, the per-tonne average realisation at Rs 3,390 was better than the anticipated Rs 3,360.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

2 days ago

April 21, 2025

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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

2 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.

Image source:www.exchange4media.com

Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

2 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.”