India cement news

The Indian construction sector will remain steady in the next financial year with a “slow but steady’ improvement in revenue and earnings.

Indian cement demand growth is expected to stabilise at 4 – 5% in FY18, after the dip in demand growth caused by demonetisation in FY17.

Indian cement maker, Burnpur, is to introduce a new Pozzolona Portland Cement product from its Patratu plant to better utilise the plant’s current spare capacity.

Indian cement maker, Ambuja Cement, has posted an 85% increase in consolidated net profits in 4Q16.

Indian cement maker, Ramco Cements, saw its profits rise 28.4% in 4Q16 and 43.1% in the financial year from 1 April 2016.

Dalmia Bharat’s 4Q16 pre-tax profits were up 19% on rising sales volumes and falling costs, despite a challenging market conditions.

Shree Cement and Dalmia Bharat are both interested in buying Binani Cement, according to local media reports.

ACC has announced an increase in pre-tax profits in 2016 as cost-cutting measures and a focus on premium products offset falling sales.

Neeraj Akhoury has taken up the role of Managing Director and CEO and Indian cement producer, ACC.

ACC and Ambuja Cements – both controlled by LafargeHolcim – have denied reports that the companies could merge.