Economy & Market

Birla Corporation Q3 net profit down 85percent at Rs 2 crore

Published

8 years ago

February 12, 2017

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MP Birla Group firm Birla Corporation has reported a decline of 85.06 per cent in standalone net profit to Rs 2.09 crore for the third quarter ended December 31, on account of decline in cement sales in key markets due to a liquidity crunch. The company had posted a net profit of Rs 13.99 crore in the October-December period a year ago, Birla Corporation said in a BSE filing.
Birla Corporation’s total income from operations during the quarter under review was down 8.07 per cent to Rs 848.93 crore, as against Rs 923.47 crore in the corresponding quarter of the last fiscal. The company’s cement production was down 10.79 per cent to 17.51 lakh tonnes in the quarter compared with 19.63 lakh tonnes in the year-ago period.
"The drop in volumes was contributed primarily by the affect of demonetisation in the key markets of north and central India where the company’s operations are concentrated," the company said. Total expenses were down 8.33 per cent to Rs 827.36 crore during the quarter against Rs 902.64 crore in the year-ago period. Revenue from the cement segment declined 10.22 per cent to Rs 754.45 crore during the quarter as against Rs 840.35 crore of the corresponding period last year. However, the jute segment was up 12.40 per cent to Rs 75.12 crore as against Rs 66.83 crore.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week 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

1 week 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.