Ambuja Cement announces big leap in profits
Indian cement maker, Ambuja Cement, has posted an 85% increase in consolidated net profits in 4Q16.
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Indian cement maker, Ambuja Cement, has posted an 85% increase in consolidated net profits in 4Q16.
Indian cement maker, Ramco Cements, saw its profits rise 28.4% in 4Q16 and 43.1% in the financial year from 1 April 2016.
Dalmia Bharat’s 4Q16 pre-tax profits were up 19% on rising sales volumes and falling costs, despite a challenging market conditions.
Shree Cement and Dalmia Bharat are both interested in buying Binani Cement, according to local media reports.
ACC has announced an increase in pre-tax profits in 2016 as cost-cutting measures and a focus on premium products offset falling sales.
Neeraj Akhoury has taken up the role of Managing Director and CEO and Indian cement producer, ACC.
ACC and Ambuja Cements – both controlled by LafargeHolcim – have denied reports that the companies could merge.
Indian cement producer, JK Lakshmi Cement, has announced an increase in production and sales in 4Q16, despite the impact of demonetisation.
Indian Cements released a positive set of results for 4Q16, despite the continuing impacts of demonetisation on Indian economic growth.
The directors of Shree Cement have approved construction of a new cement plant in the Indian state of Karnataka.
UK-based engineering company, Greenbank Group, has opened an office in Kolkata, India.
Indian cement producer, JSW Cement, plans to more that triple its cement production capacity at the Bellary plant in south India.