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Dalmia Bharat Q4 profit jumps over 2-fold to Rs 264 cr

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Cement major Dalmia Bharat had posted a net profit of Rs 124 crore in the January-March quarter a year ago, the company said in a release.

The company posted over two-fold jump in its consolidated net profit at Rs 264 crore for the fourth quarter ended March 2019. Its total revenue during the quarter under review rose 7.79 per cent to Rs 2,905 crore as against Rs 2,695 crore in the corresponding period of the previous fiscal. Its total expenses stood at Rs 2,641 crore, up 4.88 per cent from Rs 2,518 crore in the year-ago period.

Its sales volume was up 7.52 per cent to 5.57 million ton (MT) as against 5.18 MT in the January-March quarter a year ago.

"The sales volume growth for the company has been 8 per cent and 10 per cent YoY, respectively, in January-March and 2018-19. With the increase in volumes, the company has achieved a capacity utilisation of 72 per cent during 2018-19 as against 68 per cent in 2017-18," Dalmia Bharat said in a statement.

For the 2018-19 fiscal, the company’s net profit was Rs 349 crore as against Rs 291 crore in 2017-18. Its total income stood at Rs 9,728 crore in 2018-19. It was Rs 9,101 crore in the previous fiscal.

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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.

Image source:highways.today

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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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