Economy & Market

Shree Cement Q1 net up four-fold to Rs 508 cr

Published

9 years ago

August 15, 2016

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Shree Cement has reported an over four-fold jump in its standalone net profit at Rs 507.67 crore for the quarter ended June 30, 2016. The firm had clocked a net profit of Rs 104.11 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company rose by 45 per cent to Rs 2,494.22 crore in the April-June quarter this fiscal from Rs 1,724.59 crore during the same quarter in 2015-16.

Total expenses were higher at Rs 1,891.60 crore from Rs 1,606.07 crore during the period under review.

The company has declared an interim dividend of Rs 16 per share for 2016-17. The dividend will be paid from August 24, 2016.

Shree Cement has also announced capacity expansion of its cement grinding unit at Aurangabad (Bihar) from the existing 3.60 million tonnes per annum (MTPA) to 5.60 MTPA at a cost of around Rs 285 crore, which will be funded through internal accruals and completed by March 2018.

The company has completed upgradation of preheater of clinker line of Unit-I at Beawar (Rajasthan). Consequently, the clinker capacity of the unit stands increased from 1.1 MTPA to 1.4 MTPA.

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.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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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.