Connect with us

Economy & Market

Ambuja Cements’ Q1 operating EBITDA dips 9.7% to Rs 809 crore

Published

on

Shares

Ambuja Cements has announced its consolidated operating earnings before interest, taxation, depreciation and amortisation (EBITDA), which dropped 9.71 per cent to Rs 809 crore in Q1 March 2017, compared to the corresponding year-ago period.
The company’s consolidated net profit went up 38.04 per cent to Rs 396.96 crore; the cement major also reported 6.83 per cent uptick in net sales to Rs 5,631.90 crore in Q1 March 2017, over Q1 March 2016. Consolidated cement sales volumes rose 3.27 per cent to 12.62 million tonnes in Q1 March 2017 over Q1 March 2016.
Ambuja attributed improving sales volumes and favourable pricing to the reported positive quarter, despite an increase in overall costs.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Concrete

Cement industry to gain from new infrastructure spending

Published

on

By

Shares

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/

Continue Reading

Concrete

AI boom drives demand, says ACA

Published

on

By

Shares

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.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Continue Reading

Concrete

GoldCrest Cement to build plant in India

Published

on

By

Shares

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.

Continue Reading

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

    This will close in 0 seconds