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Ambuja Cements’ profit dips 48% in Q3 FY20

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Ambuja Cement Staff Provident Fund Trust and The provident fund trust of ACC, had invested in the bonds of IL&FS Financial Services, IL&FS Transportation Networks and Dewan Housing Finance Corporation.

NEW DELHI: Ambuja Cements reported a dip of 48 per cent in its net consolidated profit during the third quarter of the financial year 2019-20. Its profit after tax (PAT) stood at Rs 722.26 crore as against Rs 1,377.88 crore it registered in the corresponding quarter previous fiscal.

The company’s net income stood at Rs 7,221.65 crore in Q3 FY20, a growth of 5 per cent from Rs 6,851.78 crore it recorded in the similar quarter last year.

"Our greenfield project at Marwar Mundwa, Rajasthan, is well on track and will add 4.5 million tonnes to cement volumes in our key growth markets," said outgoing managing director & CEO Bimlendra Jha.

"Cement volumes grew about 7 per cent year-on-year, while cement realisation registered a growth of about 3 per cent year-on-year, which led to a top-line growth of 10%," the company said in a media release. The board of directors has recommended payment of dividend of Rs 1.50 per share of Rs 2 aggregating to Rs 298 crore, it said in the release.

On October 18, 2019, the board of directors had approved the amalgamation of Dirk India, a wholly owned subsidiary, with the company, with effect from January 1, 2020. The company had made provision towards loans and interest thereon, due from Dirk India, amounting to Rs 37.94 crore and Rs 10.60 crore respectively, it said in the regulatory filing.

On receipt of Orders Giving Effect (OGEs) to CIT-A orders for certain assessment years, the company and ACC have recognised interest income on income tax refund and reversal of provision for interest on income tax, aggregating Rs 409.24 crore during the year ended December 31, 2019.

However, considering the uncertainty of its ultimate realisability, the company and ACC have also made a provision of Rs 258.18 crore, resulting in recognition of net income of Rs 151.06 crore in other income during the year ended December 31, 2019 (nil in quarter ended September 30, 2019 and December 31, 2019).

Ambuja Cement Staff Provident Fund Trust and The provident fund trust of ACC, had invested in the bonds of IL&FS Financial Services, IL&FS Transportation Networks and Dewan Housing Finance Corporation, the company said in a regulatory filing.

In view of uncertainties regarding recoverability of these investments, the group have provided Rs 4.60 crore and Rs 58.05 crore for the quarter and year ended December 31, 2019 respectively, being the change in the remeasurement of the defined benefit plans, in other comprehensive income, towards probable incremental employee benefit liability that may arise on the Group on account of any likely shortfall in the respective trusts in meeting their obligations.

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Concrete

Fornnax Wins AIRIA’s Special Export Award for Rubber Machinery in 2025-26

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Fornnax Technology Pvt. Ltd. has been honoured with the Special Export Award – Rubber Machinery for 2025–26 by the All-India Rubber Industries Association (AIRIA), in recognition of its highest exports of tyre recycling plants to the European region.

With more than a decade of experience in India’s tyre recycling industry, Fornnax has contributed to the development of advanced recycling technologies and infrastructure. The company currently holds a 90% market share in India’s domestic tyre recycling sector, while exports account for 30% of its business, spanning markets such as Europe, Australia and the GCC.

The award marks another milestone for Fornnax, whose tyre recycling lines and advanced shredding technologies are supporting the growth of the circular economy in India and international markets.

Commenting on the recognition, Mr. Jignesh Kundaria, Founder and Director of Fornnax, said:

“This honour from AIRIA is a reflection of an incredible journey we have undertaken over the years. When we started Fornnax, there was no established recycling industry in India to follow. We chose to build for the future instead. Today, when you see India’s tyre recycling sector, it has already transformed into a dynamic, high-growth industry and we are extremely proud to have played our part in building it.”

Unlike standalone equipment suppliers, Fornnax focuses on developing complete, high-capacity recycling infrastructure. Its integrated systems combine multiple stages of shredding and size reduction to enable efficient, continuous operations. This system-level engineering approach helps recycling operators improve throughput, equipment reliability and operational consistency.

The recognition reinforces Fornnax’s commitment to developing engineering technologies that contribute to a more efficient and circular recycling ecosystem.

Looking ahead, the company aims to expand its international presence while continuing to develop advanced shredding and recycling solutions to address the growing volumes and evolving requirements of the global recycling industry.

For more information, visit: www.fornnax.com

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Concrete

Wonder Cement appoints Mahesh Singh as VP Corporate Brand Communication 

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Singh brings 20+ years of brand and marketing experience, and will lead integrated corporate brand communication initiatives at Wonder Cement 

New Delhi

Wonder Cement, a leading cement manufacturer, has appointed Mahesh Singh as Vice President – Corporate Brand Communication. In his new role, he will oversee corporate brand strategy and communication, including digital and performance marketing, public relations, trade, events, exhibitions, sports and experiential marketing. 

Singh brings over two decades of experience across marketing and communications, with roles spanning the automotive industry, agencies and entrepreneurship. He spent more than a decade with Honda Motorcycle & Scooter India, working across integrated communication, media, digital, retail and consumer engagement. His stint also included helping build the company’s digital marketing capabilities. 

He moved to dentsu X India as Vice President – Strategy & Planning, working across categories such as automotive, auto components, electric vehicles, FMCG, consumer electronics, BFSI, apparel and brand consulting. His responsibilities included media and marketing strategy, product launches, content, performance marketing and consumer activations. 

Singh subsequently took an entrepreneurial route with Radiant Brands before joining Shriram Ltd (SPR Autotech) as Head – Marketing & Communications. There, his remit included brand and corporate strategy, communications, PR and ORM, retail identity, loyalty programmes and events. 

At Wonder Cement, Singh will be responsible for bringing together the company’s corporate brand communication initiatives across digital, performance marketing, PR, trade, sports and experiential platforms. The role will focus on creating an integrated approach to communication across consumers, trade partners and other key stakeholders. 

The appointment brings to Wonder Cement a marketer whose career has spanned the brand, agency and entrepreneurial sides of the communications ecosystem. 

Wonder Cement, part of the RK Group, is a cement manufacturer with roots in Rajasthan and a focus on quality, trust and transparency. The company has grown to six manufacturing plants, and a cement capacity of 21.5 MTPA. With more than 2,000 employees and a network of over 5,000 dealers, its operations span manufacturing, distribution and customer engagement, with a focus on consistent product quality and efficient execution. 

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Concrete

JSW Cement commissions additional 1 MTPA grinding unit at Nagaur

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With this commissioning, JSW Cement’s total cement grinding capacity has increased to 25.10 MTPA, 
Mumbai

JSW Cement, one of India’s leading green cement producers and part of the diversified JSW Group, today announced the successful commissioning of an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan. The commissioning marks another significant milestone in the Company’s growth strategy.

With this commissioning, JSW Cement’s total cement grinding capacity has increased to 25.10 MTPA, while its total clinker manufacturing capacity, including clinker capacity at its joint venture, JSW Cement FZC, stands at 9.74 MTPA.

JSW Cement had commenced operations in North India in March 2026 with the Nagaur Integrated Plant, comprising a 3.30 MTPA clinkerisation unit and 2.50 MTPA cement grinding unit. With the commissioning of the additional 1.00 MTPA cement grinding unit, the plant’s total cement grinding capacity has increased to 3.50 MTPA, enhancing the company’s ability to cater to the growing cement demand across Rajasthan, Haryana, Punjab and the National Capital Region (NCR). The expansion has been funded through a strategic mix of equity and long-term debt.

During the quarter ended 30th September 2026, JSW Cement has also commissioned the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) at the Nagaur Integrated Plant.

Nilesh Narwekar, CEO, JSW Cement, said: “The commissioning of additional 1.00 MTPA grinding capacity at Nagaur is a key strategic priority for us and will accelerate JSW Cement’s expansion into North India. We look forward to servicing the growing needs of the region and contributing to the economic growth of Rajasthan, Haryana, Punjab and the NCR area. I am delighted to share that the company has commissioned this grinding unit within the expected timeline, showcasing our project execution capabilities. Further, the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) are expected to substantially reduce our production costs going forward.”

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