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India Cements’ net profit drops more than 50%

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During the third quarter of the current year, India Cements’ net profit dropped by more than 50 per cent as compared with the corresponding quarter previously. The cement manufacturer’s net profit for the quarter ended 31st December, 2012 was Rs 26.12 crore (Rs 56.31 crore) on a total income of Rs 1,083.88 crore (Rs 943.95 crore). Addressing the media on the company’s performance and outlook, N Srinivasan, Vice-Chairman and Managing Director, said that in the backdrop of the slow market and growing costs, the company has managed to conserve its margins and turned in a ‘good performance.’ Net plant realisation during the quarter was Rs 3,360 tonne (Rs 3,460). Capacity utilisation is about 70 per cent on an average.

There are indications that the demand is picking up and the company can look forward to improved realisations and margins, Srinivasan said. The company expects to commission its 50 mw captive thermal power plant at Vishnupuram in July.

A similar capacity has gone on-stream at Sankar Nagar. Together, they will help address the fuel and power cost. Also, coal imports from the captive mine in Indonesia is expected soon, he said.

Contact: India Cements.

Tel: 044 2852 1526.

Website: www.indiacements.com

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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