Economy & Market

Star Cement consolidated net declines 17% in March 2019 quarter

Published

6 years ago

September 5, 2019

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Star Cement’s net profit declines 16.76 per cent to Rs 89.78 crore in the quarter ended March 2019 as against Rs 107.86 crore a year ago. Sales rose 1.33 per cent to Rs 534.43 crore in the quarter ended March 2019 as against Rs 527.44 crore during the previous year’s quarter.

For the full year, the net profit declined 9.64 per cent to Rs 298.78 crore in the year ended March 2019 as against Rs 330.66 crore during the previous year ended March 2018. Sales rose 13.41 per cent to Rs 1831.04 crore in the year ended March 2019 as against Rs 1614.53 crore during the previous year.

Star Cement standalone net profit declines 5.42 per cent in the December 2018 quarter, while its consolidated net profit rises 45.39 per cent in the September 2018 quarter.

Concrete

Cement industry to gain from new infrastructure spending

Published

22 hours ago

July 24, 2025

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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/

Concrete

AI boom drives demand, says ACA

Published

23 hours ago

July 24, 2025

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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

Concrete

GoldCrest Cement to build plant in India

Published

2 days ago

July 23, 2025

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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.