Economy & Market

Madras Cements' Q1 net profit up by 25%

Published

13 years ago

August 5, 2012

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Madras Cements has reported a 25 per cent jump in net profit for the first quarter of the current year compared with the corresponding quarter previously. Higher cement sales and improved profitability have contributed to the growth, said a company press release.The company has reported a net profit of Rs 123.01 crore (Rs 98.30 crore) for the quarter ended June 30, 2012, on a total income of Rs 995.27 crore (Rs 768.21 crore).Finance cost has increased to Rs 54.26 crore (Rs 47.60 crore). The operating profit was up 26 per cent to Rs 314.47 crore (Rs 250.18 crore). Cement sales jumped 20 per cent during the first quarter to 21.58 lakh tonne (17.79 lakh tonne).Revenue from wind mills has increased to Rs 40.95 crore (Rs 32.08 crore) with electricity generation increasing to 1,144 lakh units (943 lakh units) during the quarter.A press release said the company plans to appeal against the order of the Competition Commission of India levying a penalty of Rs 258.63 crore for alleged cartelisation.Madras Cements will approach the Competition Appellate Tribunal against the order of June 20, 2012. It has not provided for the penalty in the accounts.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week 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

1 week 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.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week 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.