India Cements reported a net profit of Rs.40.10 crore for the June quarter, up from a loss of Rs.2.96 crore in the June 2014 quarter, in spite of some one-off costs including Rs.10 crore provision for increased wage settlement. Cement prices were up Rs.600 y/y to Rs.3900 per tonne. Income was down 12.91% y/y to Rs.1075.45 crore, but operating profit was up 19.9% y/y and operating costs declined 18%.
According to reports, the company’s Managing Director N Srinivasan is hopeful that demand will pick up by the end of the year. Currently, capacity utilisation is down to 58% from 67% in the June 2014 quarter.
Optimisation 2020 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.
