Displaying items by tag: Shree Digvijay Cement

India: Shree Digvijay Cement has appointed Ramanujan Krishnakumar as its chief executive officer and managing director with a five year period with effect from 16 December 2023. He succeeds KK Rajeev Nambiar, who has decided to retire early due to personal reasons.

Krishnakumar, aged 53 years, joined Shree Digvijay Cement in 2015 and has worked as its Plant Head. Prior to this he worked for ACC, where he was in charge of the engineering department at the Wadi plant. He also played a key role in the erection and commissioning of a 15MW coal-based power plant at ACC’s Madukkarai plant. He holds a degree from the Bhilai Institute of Technology in Durg.

India: Shree Digvijay Cement recorded sales of US$25.2m during the third quarter of the 2023 Indian financial year (October – December 2022). This corresponds to a rise of 35% year-on-year from US$18.6m in the third quarter of the 2022 financial year. The producer overcame continued high costs during the period to record a profit of US$1.25m, up by 40% year-on-year from US$891,000.

India: Shree Digvijay increased its sales by 3.9% year-on-year to US$20.4m in the first half of the 2023 Indian financial year, from US$19.6m in the first quarter of the 2022 financial year. Despite this, higher costs resulted in a 21% fall in the producer's net profit to US$2.17m from US$2.75m.

India: Shree Digvijay Cement has executed a share purchase agreement to acquire a 27% stake in a hybrid wind and solar power project from Trinethra Renewable Energy, a power producer, and Continuum Green Energy. It will spend US$1m on the deal, implying a value of US$0.13m/MW. The total installed capacity of the project is 8.1MW.

The hybrid power contract will generate about 37% of total power needed by the plant. When combined with the plant’s waste heat recovery (WHR) system, it will constitute over 65% of the total power needs of the company, representing considerable savings in the cost of power and an improved environment footprint.

India: Shree Digvijay Cement has appointed Vikas Kumar as its chief financial officer with effect from 1 May 2018. He succeeds MV Ramaswamy who has resigned from the company.

India: Jorge Alejandro Wagner has been appointed as an additional director of Votorantim’s subsidiary Shree Digvijay Cement. Sven Erik Oppelstrupp Madsen has retired as a director following his departure from the role as chief executive officer (CEO) of one of Votorantim’s subsidiaries in Spain

Wagner holds a Master of Sciences in Management (MBA) from Pardue University Indiana in the US and a mechanical engineering degree from the Universidad Nacional de mar del Plata in Argentina. He started working for Votorantim Cimentos in 2002 in Brazil, later becoming the CEO for Spain in 2012. Prior to working for Votorantim he held roles with Esso Sapa, the Argentinean subsidiary of Exxon Mobil, and McKinsey & Company.

India: Shree Digvijay Cement Company has reported that Persio Morassutti has been appointed as a director. He will replaces Osvaldo Ayres Filho following his resignation.

India: Osvaldo Ayres Filho has resigned as a director from Shree Digvijay Cement Company. His resignation was effective from the close of business on 13 January 2015.