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UltraTech becomes 5 times water-positive in FY24 04 June 2024 ambitious sustainability goals (CW Group) UltraTech Cement Limited has conserved 105 million cubic meters of water in FY24, making it 5 times water-positive, informs IndiaCSR. This achievement surpasses its stated ambition and demonstrates the company's... Type: Article Category: Environment BALCO and UltraTech collaborate on low-carbon cement production 04 June 2024 BALCO has established itself as a preferred fly ash supplier, fostering collaboration to achieve a circular economy. In FY24, the company supplied over 4 million metric tons of fly ash, demonstrating its dedication to resource efficiency and... Type: Article Category: Environment DGKC expands exports to Bangladesh, Sri Lanka, and the UAE 30 May 2024 47 percent in the North and 41 percent in the South. He anticipates a 4-5 percent contraction in local cement demand for FY24 due to macroeconomic challenges but expects a recovery to 50-55 percent utilization in FY25. DGKC is actively seeking large... Type: Article Category: Markets & Competition HeidelbergCement India reports sales volume growth in 4Q 30 May 2024 surged by 69.15 percent to INR 167.75 crore, compared to INR 99.17 crore the previous year. The revenue from operations for FY24 increased by 5.7 percent to INR 2,365.78 crore, up from INR 2,238.10 crore the prior year. The financial results indicate a... Type: Article Category: Financial Rising paper and paperboard Imports threaten Indian industry 29 May 2024 of these imports, with shipments doubling to 0.51 million tons. In value terms, paper imports surged to INR 13,248 crore in FY24, doubling from INR 6,140 crore in FY21. IPMA warns that the influx of duty-free imports poses a substantial threat to... Type: Article Category: India Sagar Cements announces large investment plans for 2025 27 May 2024 growth driven by demand from urban real estate and infrastructure projects. Notably, volume increased by 19 percent in Q4 FY24, contributing to a 14 percent year-over-year growth. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Markets & Competition APM Terminals Pipavav profit rises 27 May 2024 (CW Group) APM Terminals Pipavav (Gujarat Pipavav Port Ltd) registered a consolidated net profit of INR 3,409.83 million for FY24, marking a 9 percent increase from INR 3,138.15 million in FY23, according to Manufacturing Today. The company's revenue... Type: Article Category: Markets & trade Ramco Cements reports sales volume growth in 4Q 23 May 2024 EBITDA grew 2 percent to INR 4.330 million, with EBITDA per ton decreasing to INR 785 from INR 903 in the previous year. For FY24, net profit increased 15 percent to INR 3.935 million, with revenue rising 15 percent to INR 9.415.270 million. Total sales... Type: Article Category: Financial Seshasayee Paper's strategic expansion move 22 May 2024 the company's commitment to sustainable growth while navigating market challenges. Currently, operating at full capacity in FY24, Seshasayee Paper's Pallipalayam facility produced 165,116 tons of paper, demonstrating robust operational performance.... Type: Article Category: India Afrimat releases FY24 financial results and diversification strategy 17 May 2024 Company sees long-term potential in Lafarge acquisition (CW Group) Afrimat's annual report for the fiscal year ending February 2024 unveiled remarkable financial achievements attributed to its effective diversification strategy and robust cash... Type: Article Category: Mergers & Acquisitions Taiheiyo Cement registers strong results in FY24 17 May 2024 Taiheiyo Cement hits 5-year high with profit boost (CW Group) [PAID={"id":"1,2,3,4,5"title":"The content you tried to access is only available to paid subscribers.","link":"1"}]According to shikiho.toyokeizai.net, Taiheiyo Cement, Japan's leading... Type: Article Category: Financial Shree Cement's profits increase in Q4 FY24 16 May 2024 to INR 662 crore. This growth was supported by a 6.60 percent rise in revenue from operations to INR 5,101 crore in Q4 FY24. The company's profit before tax soared by 50.48 percent to INR 772.24 crore, while operating profit (EBITDA) stood at INR 1,327... Type: Article Category: Financial Decline in Indian coal imports 15 May 2024 production (CW Group) Coal imports for blending purposes in Indian domestic power plants have dropped by 32 percent in FY24, according to Hellenic Shipping News. The decline, from 35.10 million tons (MT) in FY23 to 23.92 MT in FY24, is largely due to... Type: Article Category: Markets & trade Petroleum production increases 15 May 2024 refining increases (CW Group) Industrial production experienced a contraction for the fourth consecutive quarter in Q2 of FY24, according to Business Recorder. However, petroleum refining showed resilience with notable growth. During the first half of... Type: Article Category: Production Adani ports aims for large cargo handling goal 14 May 2024 APSEZ currently manages fifteen ports and terminals, boasting a total handling capacity of 627 million tons per year. In FY24, the company handled nearly 27 percent of the country's total cargo, witnessing a significant surge in total cargo volume by 24... Type: Article Category: Ports & handling JK Cement registers profit increase in Q4 FY24 13 May 2024 Company's Q4 FY24 results highlight robust performance (CW Group) JK Cement's robust financial performance in Q4 FY24 reflects a significant surge in consolidated net profit, reaching INR 220 crore, marking a notable increase from the previous year's... Type: Article Category: Financial Birla Corp shares Q4 FY24 performance 08 May 2024 sales volume increased by 9.4 percent (CW Group) Birla Corp reported a consolidated net profit of INR 193.34 crore for Q4 FY24, marking a substantial YoY increase of 127.59 percent. The company's revenue from operations also saw a notable uptick,... Type: Article Category: Financial Heidelberg Materials unveils 1Q24 financial results 08 May 2024 Decarbonization initiatives and expansion drive success (CW Group) Heidelberg Materials commences the 2024 financial year with resilience, despite a decline in revenue. The company's focus on profitability, strict cost management, and strategic... Type: Article Category: Financial Coal India boosts production 02 May 2024 target for the last fiscal year, Coal India demonstrated robust growth with a 10 percent year-on-year output increase in FY24, producing 773.6 million tons of coal. The surge in production underscores Coal India's resilience and its pivotal role in... Type: Article Category: Markets & trade Indian Oil Corporation's green coke initiative 01 May 2024 and a preliminary fuel discount survey contribute to the nuanced financial picture. However, the corporation concluded FY24 on a positive note, achieving its highest-ever net profit of INR 39.619 billion. This represents a substantial 63 percent... 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