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Orient Cement posts Q2 net loss of Rs 29.4 crore

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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

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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