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NUVOCO Vistas Sales Volume Grew by 16% YoY for Q3 FY25

Consolidated revenue from operations stood at Rs 24.09 billion

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Nuvoco Vistas Corp, a leading building materials company in India, announced its unaudited financial results for the quarter ended December 31, 2024. With 25 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the 5th largest cement group in India and amongst the leading cement players in East India. The company is on track to achieve 31 MMTPA cement capacity1 by Q3 FY27 after emerging as the Successful Resolution Applicant for Vadraj Cement (VCL). A Letter of Intent has already been issued. The VCL facility comprises of 3.5 MMTPA clinker unit in Kutch and a 6 MMTPA grinding unit in Surat and reflects the company’s drive for growth and diversification.

The company’s consolidated cement sales volume registered a strong growth of 16% YoY to 4.7 MMT in Q3 FY25. Consolidated revenue from operations stood at Rs 24.09 billion during the same period. Consolidated EBITDA for the quarter stood at Rs 2.58 billion.

The cement industry has witnessed a recovery following a challenging first half of FY25. After facing subdued demand, the industry is showing signs of improvement, supported by favourable market dynamics. In response, the Company undertook several initiatives to drive strong volume growth during the quarter. While cement prices remained muted for majority part of the quarter, they recovered toward the end. Meanwhile, the Company has continued to focus on operational excellence. The company has achieved the lowest blended fuel cost in the last 13 quarters, at Rs. 1.45 per Mcal. Nuvoco’s power & fuel cost continues to be amongst the lowest in the industry.

In the RMX business, “Concreto Uno Concrete”, launched during the year, is seeing volume traction across regions. The MBM business introduced “Tile Adhesive T5”, “Tile Glitter” and “Tile Bonder” under the brand ZERO M to strengthen the product portfolio. The company continues to strengthen its commitment to sustainability with lowest carbon emissions in the industry, with 457 kg CO2 per ton2 of cementitious materials.

Commenting on the company’s performance, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “The Company proactively seized demand opportunities to bolster its position in the market and delivered strong volume growth during the quarter. Price increases in the recent period continue to reflect a positive trend, while sustained improvements in demand should support prices as well. Strategic priorities for the company remain centered on driving premiumisation, optimising geo- mix, enhancing fuel mix efficiency, strengthening brand presence, and maintaining cost excellence. The company is confident in its expansion strategy and ability to execute on growth plans pertaining to Vadraj Cement, which will diversify its market footprints in the Western India, thereby supporting long-term growth ambitions and further consolidating its position as the 5th largest player in India.”

Concrete

ACC Barmana Plant Fails Environmental Compliance

The plant has 11 air pollution control devices.

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A National Green Tribunal (NGT) joint committee has identified environmental compliance failures at Adani Group’s ACC Ltd Barmana Cement Works (Gagal), Himachal Pradesh. 
The report cited dust emissions from clinker, ash, and cement silos, inadequate safeguards against accidental discharges, and insufficient protection for local residents from dust pollution. It also noted the lack of an oil and grease removal mechanism in wastewater from truck washing and the absence of a mandated three-layer tree plantation to mitigate air and noise pollution. 
The plant has 11 air pollution control devices, including 109 bag filters and two ESPs, but is currently operating at 25% utilisation due to an annual maintenance shutdown. Mining and crushing operations remain suspended. 
(cemnet) 

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Concrete

Shree Cement Launches Bangur Marble Cement in Ranchi

The product was launched in Ranchi, Jharkhand.

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Shree Cement has introduced Bangur Marble Cement, a premium PSC cement under its Bangur Cement brand, offering high brightness, superior strength, and crack resistance. Designed for exposed concrete structures, it ensures durability and an imposing aesthetic. 
The product was launched in Ranchi, Jharkhand, and will soon be available in Bihar, West Bengal, and other states. It will be distributed through over 2,000 retailers, with in-store product demonstrations highlighting its unique features. 
Bangur Marble Cement incorporates GGBS, a steel manufacturing by-product, making it eco-friendly and highly durable while reducing the environmental footprint. Shree Cement is also adopting a digital-first approach to reach consumers, setting a new trend in the cement industry. 
This launch expands Bangur Cement’s premium lineup, which includes Jungrodhak, Rockstrong, Powermax, Magna, and Roofon. 
(Construction Week Online)  

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Ramco Cements plans Rs 12 bn capex for FY26 and advances Rs 10 bn sale

Ramco Cements reported a profit after tax of Rs 3.25 billion.

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Ramco Cements has announced a capital expenditure (capex) plan of Rs 12 billion for the next fiscal year, maintaining its guidance for FY25. The company has raised Rs 4.43 billion this fiscal through the sale of non-core assets.

During the third quarter of the current fiscal, Ramco Cements incurred a capex of Rs 2.56 billion, bringing the total spending for the first nine months to Rs 8 billion. The company has set a target of monetizing Rs 10 billion worth of non-core assets and has realized Rs 4.43 billion so far, with an additional Rs 100 million received as advances for assets nearing finalization.

The funds generated from these asset sales have been utilised to reduce debt, bringing the company’s net debt to Rs 46.16 billion as of December 31, 2024. In Q3FY25 alone, debt reduction amounted to Rs 4.87 billion.

Ramco Cements remains on course to achieve a cement production capacity of 30 MTPA by March 2026. This expansion includes the commissioning of a second production line in Kolimigundla, capacity enhancements through de-bottlenecking, and additional grinding facilities. A railway siding at Kolimigundla is scheduled for commissioning in March 2025.

The company is also investing in sustainable energy initiatives, with a 10 MW Waste Heat Recovery System (WHRS) at RR Nagar expected to be operational by June 2025 and a 15 MW WHRS unit at Kolimigundla set to be commissioned alongside Kiln Line-2 by March 2026. A new construction chemicals unit in Odisha is expected to be ready before March 2025. Land acquisition for a greenfield project in Karnataka has progressed, with 53 per cent of mining land and 13 per cent of factory land secured.

For Q3FY25, Ramco Cements reported a profit after tax of Rs 3.25 billion, significantly higher than Rs 930 million in the previous year, primarily due to an exceptional income of Rs 3.29 billion from asset sales. Net revenue declined by 6 per cent year-on-year to Rs 19.88 billion due to a 14 per cent drop in cement prices.

Total sales volume, including construction chemicals, increased by 9 per cent to 4.37 million tonne. Cement capacity utilization saw a slight improvement to 75 per cent in Q3FY25 from 74 per cent in Q3FY24. However, EBITDA declined by 28 per cent to Rs 2.91 billion due to weaker cement prices, despite cost reductions from lower fuel prices and improved manufacturing efficiency.

News source: Hindu Businessline

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