Economy & Market

Orient Cement posts Q2 net loss of Rs 29.4 crore

Published

9 years ago

November 9, 2016

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Orient Cement has reported a standalonenet loss of Rs 29.4 crore for the quarter ended September 30, 2016, against anet profit of Rs 28 crore in the year-ago period. Total standalone income ofthe company rose by 11 per cent to Rs 445 crore in April-September quarter thisfiscal from Rs 400 crore during the same quarter in 2015-16. Total expenses ofthe CK Birla Group were higher at Rs 460 crore against Rs 374 crore during theperiod under review.

Orient Cement Managing Director and CEODeepak Khetrapal said that volumes continue to be higher across all marketsversus the corresponding quarter last year due to utilisation of the firm’s newcapacity at Chittapur. "The increased volumes to Karnataka and Andhra Pradeshenabled by the new plant have improved our geographic spread. The quarter endedSeptember 30 has expectedly seen seasonal lower volumes due to an intense andextended monsoon affecting construction activities," he added.

The price environment in core marketshas been stable to better, particularly showing signs of improvement in AndhraPradesh, Telangana and West Maharashtra towards the end of this quarter,Khetrapal said. The cement industry expects demand to improve in theOctober-December quarter due to favourable rainfall, which is expected toprovide a strong boost to demand, he added. Various government projects for low-costhousing, roads, irrigation, Metros as well as new initiatives like Smart Citiesand Swachh Bharat are also expected to resume in full swing and result inimproved demand for cement in Telangana, AP and Maharashtra.

Concrete

Cement industry to gain from new infrastructure spending

Published

7 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

7 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

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.