Displaying items by tag: India

India: Ambuja Cements consolidated revenue rose by 23% year-on-year to US$1.17bn in the first quarter of its 2026 financial year (FY2026), from US$0.96bn in the same period in the 2025 year. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 53% to US$223m in the period to 30 June 2025 from US$146m previously. Sales volumes of cement increased by 20% to 18.4Mt from 15.3Mt.

Vinod Bahety, the CEO of Ambuja Cements, said: “Our first quarter results are more than numbers - they reflect a vibrant mood, a transformation narrative rooted in speed, scale and sustainability.” He added, “As we march towards 140Mt/yr ecosystem by FY2028, we remain focused on reimagining cement as a solutions-driven customer-centric business.” The company says it currently has a cement production capacity of 105Mt/yr. It is working towards increasing this to 118Mt/yr by March 2026.

India: Pradeep Mehta has resigned as the chief financial officer (CFO) of Saurashtra Cement due to personal reasons. He previously worked as the CFO for Garware Hi-Tech Films and Arihant Superstructures from 2017 to 2024. Before this, he held managerial financial roles for companies including Essar Steel, Grassim Industry’s Birla White cement plant in Kharia Khangar, Jindal Steel and Power and Mabati Rolling Mills. He holds an undergraduate degree in mathematics from the University of Ajmer and is a registered chartered accountant with the Institute of Chartered Accountants of India.

India: Cement production rose by 8% year-on-year across India in the first quarter of the 2026 Fiscal Year (FY2026), which ran from 1 April 2025 to 30 June 2025, according to ratings agency ICRA. Production rose to 120Mt for the three-month period, with June 2025 volumes 9% higher year-on-year than June 2024 at 41.3Mt. ICRA anticipates that volumes will grow by 6 - 7% year-on-year in FY2026, supported by sustained demand from the housing and infrastructure sectors. If realised, this would mean production of 480 - 485Mt in FY2026.

India: HeidelbergCement India, part of Germany-based Heidelberg Materials, reported a standalone net profit of US$5.5m for the quarter ending 30 June 2025. This represented a 20.9% year-on-year rise compared to US$4.5m in the same period in 2024. The net revenue of the company rose by 12.3% to US$68.6m, while its operating profit surged by 13.4% to US$10.2m.

India: JK Lakshmi Cement and Chettinad Cement are reportedly bidding to buy Deccan Cements. The company is hoping to obtain an enterprise value of US$360m, or US$90/t of production capacity, in any potential sale, according to the Economic Times newspaper. Deccan Cements operates a 1.8Mt/yr integrated plant at Bhavanipuram in Nalgonda, Telangana.

India: ACC, part of Adani Group, has reported a 4% year-on-year rise in consolidated net profit to US$43.3m in the first quarter of the 2026 fiscal year, aided by a 12% in sales volumes. It reported a sales volume of 11.5Mt, its highest ever total for the period. This helped revenue increase by 17% to US$703m. The company added that higher sales of premium products aided the revenue.

It expects 6 - 7% growth in demand for cement over the course of its 2026 financial years. This is anticipated due to a rise in demand for affordable housing, higher spending on infrastructure and commercial sectors. "Cement demand growth in the first quarter of FY2026 remained strong at 4% amid favourable macroeconomic situations and sustained demand from housing and infrastructure segments. The outlook for the second quarter of FY2026 continues to remain strong," said ACC in a statement.

India: Tamil Nadu will host one of five national carbon capture and utilisation (CCU) testbeds aimed at lowering CO₂ emissions in the cement sector in a step towards the country’s 2070 net-zero target, according to The New Indian Express newspaper. The testbed will be located at UltraTech Cement’s Reddipalayam plant in Ariyalur district, supported by the Indian Institute of Technology Madras and Birla Institute of Technology and Science Pilani. The project is part of a Department of Science and Technology (DST) programme, which will trial an oxygen-enriched kiln system capturing up to 2t/day of CO₂ for mineralisation into concrete products. Other CCU testbeds are being established in Rajasthan, Odisha and Andhra Pradesh, with JK Cement and Dalmia Cement involved.

Union Minister for Science and Technology and Earth Sciences Jitendra Singh said the DST was currently processing financial sanctions for the projects, and full-scale implementation is expected in 2025.

India: UltraTech Cement recorded consolidated net sales of US$2.4bn in the first quarter of the 2026 financial year, up from US$2.09bn in the corresponding period of 2024. Profit before interest, depreciation and tax rose by 44% year-on-year to US$531m, while profit after tax grew by 49% year-on-year to US$257m.

Sales volumes rose by 10% to 36.8Mt following the acquisitions of The India Cements and the cement business of Kesoram Industries. The producer added 3.5Mt/yr of grey cement capacity and commissioned 12MW of waste heat recovery (WHR) during the quarter, raising total grey cement capacity to 192Mt/yr and WHR capacity to 363MW. Renewable energy now accounts for 39.5% of UltraTech’s energy mix.

India: JK Cement reported a strong performance for the first quarter of the 2026 financial year, with consolidated net profit up by 76% year-on-year to US$37.6m, from US$21.4m in the same quarter in 2025. Sales rose by 19% to US$388.4m, from US$325.3m. Operating profit also grew, with earnings before interest, taxation, depreciation and amortisation (EBITDA) up by 41% to US$79.7m, from US$56.3m.

The producer attributed the rise to volume growth in the grey cement segment and higher realisations in Central India and Bihar. It also recorded an 8% growth in white cement sales.

JK Cement said construction of its 4Mt/yr grey clinker unit at Panna is 76% complete. It is also developing 3Mt/yr of cement capacity across Panna, Hamirpur and Prayagraj—1Mt/yr at each site—with construction in advanced stages. A 3Mt/yr split grinding unit in Bihar is due for commissioning by December 2025. As of June 2025, the company spent US$165.6m on clinker and cement projects and US$32.9m on the Bihar unit.

It also completed the acquisition of a 60% stake in a cement and clinker unit in Jammu & Kashmir for US$17.4m in June 2025. The acquisition added 0.42Mt/yr of cement and 0.26Mt/yr of clinker capacity.

India: JSW Cement has launched CHD Waterguard, a water-repellent slag-based cement designed for the high-moisture conditions of southern India. The product uses ‘Turbo Gel’ Technology, which the company says ensures a polymer-enriched ‘hydration matrix’ for improved workability and compressive strength.

CEO Nilesh Narwekar said “The tropical climate of Southern India, with its intense humidity, coastal salt air and heavy monsoons, compromises the longevity of concrete structures. With CHD Waterguard, we’re offering a specialised solution that actively protects homes from seepage, dampness, salt corrosion and moisture-related damage.”