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Indian newsbytes

 

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 World Cement,

Shree Cement

Shree Cement has reportedly commissioned its 1.5 million tpy clinker manufacturing unit at Baloda Bazar near Raipur in Chhatisgarh. This follows the commissioning of the cement mill section on 24 February 2015.

Trinetra Cement

Trinetra Cement reported a net loss of Rs.9.75 crore in the March quarter against a net loss of Rs.10.01 crore in the March 2014 quarter.Sales dipped to Rs.126.44 crore from Rs.145.22 crore. For the full year, the net loss was Rs.24.18 crore against a net loss of Rs.43.61 crore in the previous fiscal. Sales were up 7.11% y/y.

Vaishno Cement Co.

Vaishno Cement Co. reported a Rs.0.14 crore loss for the quarter ending March 2015 and Rs.0.22 crore for the full year. In the March 2014 quarter, net loss of Rs.0.01 crore was reported and a full year net loss of Rs.0.02 crore. Sales declined 88.89% to Rs.0.01 crore for the full year.


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India Cements reports 4Q turnaround

India Cements increased its net profit in the March quarter to Rs.36.6 crore from a loss of Rs.157.1 crore a year ago.

JK Cement plans to raise Rs.300 crore

The Indian company has not specified what the money will be used for, but has said the money would be raised through issue of securities and/or debt instruments.

Shiva Cement wins award

The Indian cement company has been recognised for the management of its quarries by the Indian Bureau of Mines.