India cement news

India’s construction industry is expected to post a sharp rebound and grow by 11.6% in 2021, owing to lower base and pent up demand, according to GlobalData.

The company is set to combine the supply and distribution of cement, steel and paints across India, under its JSW One initiative.

UltraTech Cement Limited, an Aditya Birla Group company, has announced its financial results for the quarter ended 30 June 2020.

The company’s results for the second financial quarter show a 10% rise in standalone net profit.

The company recently held its 37th Annual General Meeting (AGM) via video conferencing – its first-ever virtual AGM in the midst of the COVID-19 situation.

The company reports that India’s construction sector is now expected to contract by 7.5% in 2020, due to the already weakened industry being further damaged by the COVID-19 lockdown.

The company is introducing a unique drag and drop 3D crushing and screening plant configurator that enables professionals in the mining and aggregate industries to design more productive and efficient plants.

The company will supply RCCPL with ABB Ability Expert Optimizer, an advanced process control solution for controlling, stabilising, and optimising industrial processes.

The company has recently released the new CIC 2025 Market Report with the title ‘COVID-19 impact analysis on the global cement production.’

The company has shared its financial results for the quarter ended 31st March 2020, recording EBITDA growth of 30%, and cement volumes growth until February 2020.