ACC, part of the Holcim group in India, has reported growth of 5.4% in consolidated net sales for 2014, ending at Rs.11 480.31 crore up from Rs.10 889.08 crore in 2013. Profit after tax was Rs.1161.82 crore, up from Rs.1094.67 crore. Cement prices improved by 4% and sales volumes also registered growth at 24.2 million t compared to 23.9 million t in 2013.
Limestone mining operations at Chaibasa and Bargarh remained suspended in 4Q14 due to an order of the Supreme Court, resulting in increased costs. However, as per the New Mining Ordinance of January 2015, these operations are expected to recommence shortly.
The 2.79 million tpy clinker line project at the Jamul plant is reported to be progressing satisfactorily and is expected to be completed this year, as is the 1.35 million tpy Sindri grinding unit project. The waste pre-processing platforms at Kymore and Wadi became operational in 4Q14.
ACC is anticipating a ‘modest but steady revival of the Indian economy’ this year, with growth in the infrastructure, housing and construction sectors expected to have a positive impact on cement demand.
Edited from various sources by Katherine Guenioui