Connect with us

Economy & Market

Ramco Cements Q1 net up 57percent at Rs 156 cr

Published

on

Shares

Ramco Cements Ltd has reported a 57 per cent growth in net profit during the quarter ended June 2016 at Rs 156 crore, as compared to Rs 99.24 crore for the quarter ended June 30, 2015.
Total income has increased from Rs 949.24 crore for the quarter ended June 30, 2015 to Rs 973.95 crore for the quarter ended June 30, 2016.
Sales volume in the domestic market during the quarter increased to 20.45 lakh tonnes from 17.82 lakh tonnes, a year ago. However, exports remained flat at 0.31 lakh tonnes.
The company said that there has been an improvement in the off-take of cement by about 15 per cent during the quarter. Ramco continued to focus on cost reduction measures and reduced the operating and logistics costs significantly and is confident of sustaining the momentum in the coming quarters also.
The cement major also reduced borrowings by around Rs 312 crore out of internal accruals and reduction in working capital during the quarter.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

on

By

Shares

The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Continue Reading

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

on

By

Shares

TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Continue Reading

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

on

By

Shares

Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

Continue Reading

Video Thumbnail
â–¶

    SIGN-UP FOR OUR GENERAL NEWSLETTER


    Trending News

    SUBSCRIBE TO THE NEWSLETTER

     

    Don't miss out on valuable insights and opportunities to connect with like minded professionals.

     


      This will close in 0 seconds