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

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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.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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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/

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