Shree Cement has reported a decline in net profit for the June quarter, at Rs.104.11 crore from Rs.277.02 crore in the June quarter last year. Sales were up 4.12% at Rs.1719.43, but expenses also increased, coming in 17.08% higher than in the June 2014 quarter and totalling Rs.1606.07 crore.
In the year to the end of June the company’s consolidated net profit fell 45.8% to Rs.426 crore, while sales rose 9.60% to Rs.6439.88 crore.
Shree Cement has recently completed the acquisition of a 1.5 million tpy cement grinding unit from Jaiprakash Associates for Rs.358.22 crore.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
The cement industry has recently recognised Roanoke Cement Company (RCC) with top honours for Outreach in the 2020 Portland Cement Association (PCA) Cement Industry Energy and Environment Awards.
