Connect with us

Concrete

JK Lakshmi Cement posts net loss of Rs 192 Mn in Q2 FY25

The company’s net consolidated total income stood at Rs 12.42 billion in Q2 FY25.

Published

on

Shares

JK Lakshmi Cement has reported net consolidated loss after tax of Rs 192 million in the quarter ended September 30, 2024. It had registered profit after tax of Rs 958.7 million in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s net consolidated total income stood at Rs 12.42 billion in Q2 FY25, a dip of 21.77 % from Rs 15.88 billion it recorded in the similar quarter last year. Vinita Singhania, chairperson & managing director of the company said, “the profitability of the company for the quarter has been impacted due to sharp drop in sales realization in our primary markets.”

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