Connect with us

Concrete

Saurashtra Cement soars after board OKs takeover of Snowcem’s paint biz

Published

on

Shares

Saurashtra Cement jumped 7.20 per cent to Rs 61.80 after the company said its board has approved to take over the paint business of Snowcem Paints on slump sale basis and as a going concern. Snowcem Paints is a manufacturer of exterior cement-based masonry paint. The total consideration for the transaction is around Rs 55 crore.

??he closure of transaction is subject to successful negotiation and execution of the definitive agreements including the business transfer agreement and other such agreements customary to the transaction of this nature,??the company said in a BSE filing.

Saurashtra Cement is engaged in the business of manufacturing and selling of cement. The company markets cement under the brand name “HATHI CEMENT”.

The company’s consolidated net profit rose 9.24 per cent to Rs 20.68 crore on a 35.67 per cent jump in net sales to Rs 206.47 crore in Q3 FY21 over Q3 FY20. In the past six months, the stock has added 53 per cent while the benchmark Sensex has added 28.56 per cent during the same period.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

on

By

Shares

The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Continue Reading

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

on

By

Shares

TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Continue Reading

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

on

By

Shares

Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

Continue Reading

Video Thumbnail

    SIGN-UP FOR OUR GENERAL NEWSLETTER


    Trending News