Cement sales volumes in Q1 benefited from the continued economic recovery and mild winter weather in North America as well as from the strong growth of demand in HeidelbergCement markets in Asia and Africa. The increase in sales volumes in those Group areas more than compensated for the losses in Western and Northern Europe which where caused by an extreme cold wave in February. Due to a very positive development in North America, total aggregates sales volumes rose slightly, too.
The Groups cement and clinker sales volumes rose by 5.0% to 18.2 million tonnes (previous year: 17.3). The North America and Asia-Pacific Group areas achieved double-digit growth rates. Particularly in Indonesia, demand continued to develop strongly. Cement sales volumes in Western and Northern Europe declined due to the cold wave in February. Higher capacities in Poland and Russia led to a slight increase in sales volumes in Eastern Europe-Central Asia.
Deliveries of aggregates across the Group amounted to 47.0 million tonnes (previous year: 46.3), an increase of 1.5%. Ready-mixed concrete deliveries declined by 3.2% to 8.1 million cubic metres (previous year: 8.4). Asphalt sales volumes fell by 13.7% to 1.4 million tonnes (previous year: 1.6).
Based on the increase in cement and aggregates sales volumes, Group revenue rose by 7.6%, to 2,799 million (previous year: 2,602) in the first quarter. The Group areas North America and Asia-Pacific recorded double-digit growth rates. While Eastern Europe-Central Asia and Africa-Mediterranean Basin achieved moderate growth, the Western and Northern Europe Group area was negatively affected by the extreme cold wave in February. Positive exchange rate effects favoured the development of revenue in Asia-Pacific, North America, as well as Western and Northern Europe. Excluding exchange rate and consolidation effects, revenue increased by 5.7%. Operating income before depreciation (OIBD) declined by 15.5% to 214 million (previous year: 253). Operating income fell to 14 million (previous year: 60) due to increased costs of energy, freight, and maintenance. Compared to 2011, repair measures were carried out earlier in the year.
The increase in revenue and sales volumes in the first quarter despite the extreme cold wave in Europe is further proof of the advantageous geographical positioning of our company, explains Dr. Bernd Scheifele, CEO of HeidelbergCement. In view of the higher costs of energy and raw materials, we launched price increases and in some markets we were already able to execute them in order to improve our operating margins.
The loss before tax from continuing operations adds up to -144 million (previous year:-87). The expenses relating to taxes on income amounted to 4 million (previous year:29). Like in the previous year, this development was essentially due to deferred taxes on losses carried forward in North America, which were not capitalised in the reporting period. The loss after tax from continuing operations thus totals -148 million (previous year: -116).
At the end of the first quarter of 2012, the number of employees at HeidelbergCement stood at 53,230 (previous year: 53,771). The reduction of 541 employees essentially results from two opposing developments: On the one hand, more than 1,000 job cuts were made in North America, the United Kingdom, and in some Eastern European countries as a result of efficiency improvement programmes in sales and administration, location optimisations, and capacity adjustments. On the other hand, HeidelbergCement hired about 500 new employees in growth markets where the company installed new capacities, for example in Indonesia and India.
The three-year programme for financial and operational excellence (FOX 2013) led to an improvement in cash flow of 39 million in the first quarter of 2012. It is thus well on track to achieving the targeted improvement of 850 million over the three-year horizon. In 2011, the programme already generated cash-effective savings totalling 384 million.
In the first quarter, HeidelbergCement further improved its financing structure in view of the still uncertain situation on the financial markets. The company issued a Eurobond with an issuance volume of 300 million, a maturity of four years, and a yield of 4.00%. With the extension of the 3 billion syndicated credit facility in February 2012, HeidelbergCement secured sufficient liquidity until the end of 2015.
At the end of the first quarter of 2012, HeidelbergCement's net debt amounted to 8.39 billion, which corresponds to a decline of 0.25 billion compared to the end of the first quarter of 2011. As a result, the gearing improved to 63.6% (previous year: 71.0%).
At the beginning of January, HeidelbergCement commissioned a new cement mill with a capacity of 0.8 million tonnes in the harbour city of Chittagong in Bangladesh. At the end of March, the capacity expansion at the Grazdze cement plant in Poland was completed by putting a new mill into operation. The new mill with a capacity of 1.4 million tonnes per year is HeidelbergCements biggest ball mill in Europe and ideally complements the last year increased clinker capacity. In 2012 and 2013, HeidelbergCement plans an expansion of cement capacity of about 10 million tonnes.
In its latest forecast, the International Monetary Fund raised growth rates for the world economy and some key countries, like the US, China, and Germany, and thus anticipates a smaller weakening of the economic development compared to the previous year. The growth rates in the emerging countries of Asia and Africa will remain significantly above those of the mature markets in North America and Europe. The economic recovery of the US continued in the first quarter. Due to a stronger than anticipated decline of unemployment, the American Cement Association significantly increased its forecast of cement consumption in 2012 from 0.5% to 3.7%.
In the Western and Northern Europe Group area, HeidelbergCement expects further economic growth but a slight overall dip in demand and falling sales volumes in cement and aggregates. This is mainly due to the strong growth in sales volumes in the previous year, particularly because of the mild winter weather in 2011 as well as the extreme cold wave in Europe in the first quarter of 2012. In the Eastern Europe-Central Asia Group area, HeidelbergCement expects further growth in sales volumes of cement and aggregates, which will be largely driven by the additional capacities as well as ongoing and partly strong increases in demand in Russia, the Ukraine, and Central Asia. In North America, the company expects demand of cement and aggregates to grow because of the gradual recovery of investment in private residential construction as well as commercial construction. HeidelbergCement anticipates the demand for building materials from the raw materials industry in Canada and the US to support the companys sales volumes once again in 2012. In the Group areas Asia-Pacific and Africa-Mediterranean Basin, the company expects a sustained positive demand trend.
With regard to costs, HeidelbergCement expects a further albeit significantly weaker compared to the previous year increase in energy and raw material prices as well as rising personnel costs. HeidelbergCement aims to offset the cost increase and gain back some of the margins lost in 2011 by placing a high priority on cost reduction measures and targeted price increases. The Managing Board has set the objective of further increasing revenue and operating income in 2012 compared to the previous year.
The development of demand in the first quarter confirmed our outlook for the 2012 financial year, explains Dr. Bernd Scheifele. In view of the still quite high energy costs, we will unabatedly continue our efforts to reduce costs and improve efficiency under the FOX 2013 programme and increase prices in our markets in a consequent way. Deleveraging remains the highest priority for us, in order to regain our investment grade rating. We will also continue our successful strategy of targeted investments to expand cement capacities in the growth markets of Asia, Africa, and Eastern Europe. Thanks to our advantageous geographical positioning in attractive markets in both emerging and industrialised countries , and the global market leadership in the aggregates business, HeidelbergCement is excellently positioned to benefit over-proportionally from the continued economic growth."
Cement is the basic ingredient of construction and the most widely used construction material. It is a very critical ingredient, because only cement has the ability of enhancing viscosity of concrete which in returns provides the better locking of sand and gravels together in a concrete mix.
Cement uses raw materials that cover calcium, silicon, iron and aluminum. Such raw materials are limestone, clay and sand. Limestone is for calcium. It is combined with much smaller proportions of sand and clay. Sand & clay fulfill the need of silicon, iron and aluminum.
Generally cement plants are fixed where the quarry of limestone is near bye. This saves the extra fuel cost and makes cement somehow economical. Raw materials are extracted from the quarry and by means of conveyor belt material is transported to the cement plant.
There are also various other raw materials used for cement manufacturing. For example shale, fly ash, mill scale and bauxite. These raw materials are directly brought from other sources because of small requirements.
Before transportation of raw materials to the cement plant, large size rocks are crushed into smaller size rocks with the help of crusher at quarry. Crusher reduces the size of large rocks to the size of gravels.
The raw materials from quarry are now routed in plant laboratory where, they are analyzed and proper proportioning of limestone and clay are making possible before the beginning of grinding. Generally, limestone is 80% and remaining 20% is the clay.
Now cement plant grind the raw mix with the help of heavy wheel type rollers and rotating table. Rotating table rotates continuously under the roller and brought the raw mix in contact with the roller. Roller crushes the material to a fine powder and finishes the job. Raw mix is stored in a pre-homogenization pile after grinding raw mix to fine powder.
After final grinding, the material is ready to face the pre-heating chamber. Pre-heater chamber consists of series of vertical cyclone from where the raw material passes before facing the kiln. Pre-heating chamber utilizes the emitting hot gases from kiln. Pre-heating of the material saves the energy and make plant environmental friendly.
Kiln is a huge rotating furnace also called as the heart of cement making process. Here, raw material is heated up to 1450 C. This temperature begins a chemical reaction so called decarbonation. In this reaction material (like limestone) releases the carbon dioxide. High temperature of kiln makes slurry of the material.
The series of chemical reactions between calcium and silicon dioxide compounds form the primary constituents of cement i.e., calcium silicate. Kiln is heating up from the exit side by the use of natural gas and coal. When material reaches the lower part of the kiln, it forms the shape of clinker.
After passing out from the kiln, clinkers are cooled by mean of forced air. Clinker released the absorb heat and cool down to lower temperature. Released heat by clinker is reused by recirculating it back to the kiln. This too saves energy.
Final process of 5th phase is the final grinding. There is a horizontal filled with steel balls. Clinker reach in this rotating drum after cooling. Here, steel balls tumble and crush the clinker into a very fine powder. This fine powder is considered as cement. During grinding gypsum is also added to the mix in small percentage that controls the setting of cement.
Material is directly conveyed to the silos (silos are the large storage tanks of cement) from the grinding mills. Further, it is packed to about 20-40 kg bags. Only a small percent of cement is packed in the bags only for those customers whom need is very small. The remaining cement is shipped in bulk quantities by mean of trucks, rails or ships.
Widely used in highways, utilities, construction and other industries washing, grading, cleaning, as well as fine-grained and coarse-grained materials processing and other operations, the construction and gravel roads are particularly suitable. We feel proud to present ourselves as the well renowned importer and exporter of different Optimum Quality Engineering Equipments. Each and every product, forming part of our exquisite collection, has to go through different stringent quality checks so as to ensure that only finest quality product ultimately reaches the market.
UltraTech Cement, one of the largest cement makers in India, has reported a whopping 22.63% jump in standalone profit at INR 598.39 Cr for the April-June 2018 quarter, compared to INR 487.95 Cr in previous quarter. Key highlights for the Q1 FY 2018-19 is as below
During the quarter, the Board of Directors approved a scheme of arrangement amongst Century Textile and Industries Limited (Century), the company and their respective shareholders and creditors. In terms of the scheme, Century will demerge its cement business into the company.
UltraTech Cement Limited is the largest manufacturer of White Cement, Ready Mix Concrete (RMC) and Grey Cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation
The Company has 19 integrated plants, 1 clinkerisation plant, 25 grinding units and 7 bulk terminals. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. UltraTech Cement is also Indias largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East.
The management of the company is of the view that the cement industry now in its up-cycle and the demand is expected to be healthy. The key drivers being higher government budget allocation for infrastructure and rural development.
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L.V. Technology Public Company Limited performs a wide rande of cement plant modifications and more than 867 orders have been placed for conversions. The modificantions include ball mills and vertical mills as well as preheater, klin and cooler upgrades and complete plant.
L.V. Technology Public Company Limited performs a wide rande of cement plant modifications and more than 867 orders have been placed for conversions. The modificantions include ball mills and vertical mills as well as preheater, klin and cooler upgrades and complete plant.
Commenting on these figures, Guy Sidos, the Groups Chairman and CEO said: The Vicat groups performance over the first three months of 2021 reflects the dynamic trends in our markets and once again demonstrates the effectiveness of our business strategy and our geographical portfolio. With the pandemic situation still a concern, the measures we have taken since the first half of 2020 have enabled us to seize growth opportunities in our markets and capitalise on governments economic stimulus measures, especially those targeting the construction sector. Lastly, the Group benefited from a favourable base of comparison during the first quarter, especially in France, India and Italy. Against this backdrop, The Group continues to commit further technological and financial resources to accelerate its ecological and digital transition.
The Vicat Groups consolidated sales in the first quarter of 2021 came to 707 million, up +14.9% on a reported basis and up +22.1% at constant scope and exchange rates compared with the same period of 2020. This reported increase reflects:
Over the first three months of the year, the Groups performance in France moved higher despite the pandemic, in line with the trend seen in late 2020. In addition, the base of comparison for the quarter was favourable given the very sharp slowdown in the first quarter of 2020 as a result of the government measures taken at the beginning of the first lockdown.
In Europe (excluding France), there was a stark contrast in activity trends between Switzerland and Italy. The Swiss market was barely affected by the pandemic during the first quarter of 2020 and posted a slight increase in the first quarter of this year. Conversely, trends in Italy, where the pandemic and macroeconomic situation was very challenging in the first quarter of 2020, were boosted by this highly favourable base of comparison.
In Switzerland, the Groups consolidated sales climbed +1.9% at constant scope and exchange rates (down -0.3% on a reported basis). Business in the country continued as normal with no significant impact on sector conditions arising from the pandemic.
Despite a still concerning pandemic situation, especially in Brazil, activity levels remained strong in both the United States and Brazil. Growth in Brazil that began from the third quarter of 2020 continued in the first quarter of 2021.
In the United States, the macroeconomic and sector environment remained supportive throughout the first quarter. The Groups consolidated sales rose +12.6% at constant scope and exchange rates to 107 million.
In Brazil, consolidated sales came to 35 million, up +18.1% on a reported basis and up +58.5% at constant scope and exchange rates. Business continued to grow at a rapid pace in a dynamic market despite a still very concerning pandemic situation. As a result, the safety of its employees, its suppliers and its customers remains the Groups priority.
The Asia region continues to be severely affected by the pandemic crisis, which is impacting the macroeconomic and sector environment, but to a lesser extent than in the first quarter of 2020. While the industry situation in India remained more favourable in the first quarter of this year than it was in 2020, the country has been hit by a new and highly aggressive wave of the pandemic over the past few weeks. As things stand, the measures taken by the government to counter the situation have enabled the Group to continue operating free of any production- or business-related restrictions, unlike in the first half of 2020, when both the Groups plants had to shut down completely for 30 days. In this uncertain context, the Group remains focused on implementing measures to keep its employees, its suppliers and its customers safe.
Taking these factors into account and given the favourable base of comparison in the first quarter of 2020, business trends in India remained strong during the first quarter as a result of the supportive market environment. The Group recorded consolidated sales of 89 million in the first three months of the year, up +41.7% at constant scope and exchange rates, reflecting the resumption in large projects and the improvement in selling prices.
Consolidated sales in Kazakhstan came to 11 million, up +12.1% at constant scope and exchange rates. This performance was driven by solid trends in the domestic market, which made up for the contraction in exports. Given this favourable geographical mix and the dynamic trends in the domestic market, selling prices recorded a significant increase.
The Mediterranean region remains affected by the deterioration in the macroeconomic and sector situation, although this is gradually improving in Turkey. In Egypt, the security situation and the competitive environment remained a challenge in the first quarter.
In Turkey, while the continuing depreciation in the Turkish lira since August 2018 and the pandemic crisis continued to affect the macroeconomic and sector environment, the recovery in the construction market remains on track. Consolidated sales totalled 28 million, up +77.4% at constant scope and exchange rates (up 34.3% on a reported basis). Due to the strong seasonality in activity in this region, its important to note that first quarter progressions should not be considered as representative of an expected performance for the full-year.
In Egypt, consolidated sales totalled 15 million, up +33.5% at constant scope and exchange rates (up +22.8% on a reported basis). The growth in activity observed in the last quarter of 2020 continued early in the year supported by a market progression. To note, an increase in selling prices has been initiated towards the end of the period; pricing levels however still lower than during the same period of 2020.
In Africa, the Group continues to benefit from a favourable sector environment despite the pandemic crisis, from improvements in performance at its Rufisque plant and from the ramp-up in its new mill in Mali.
The strong activity levels in its markets, the favourable trends in pricing levels and continued focus on controlling costs led to a strong increase in operating profitability during the first quarter. As a reminder, due to the seasonal nature of its activity, the first quarter is not representative of full-year trends.
In 2021, macroeconomic conditions in all of the countries where the Group operates are still likely to be affected by the Covid-19 pandemic to varying degrees depending on the pandemic situation and the governmental responses.
At present, business is conducted within the strict framework of the procedures adapted to the public health conditions in each country where the Group is present. Within this framework, it is important to note that:
Accordingly, investments industrial capex are expected to be higher than in 2020 at around 365 million. The Group reserves the right to adjust its investment plans to the shifting trends in its markets and its cash generation.
The Group is issuing the following elements to appreciate the performance expected in the various countries in which it operates. It wishes to make clear that these trends are highly dependent on the latest developments in the pandemic crisis and the latters impact on each of them:
Given all these factors, the Group expects solid growth in its first-half EBITDA and an increase at constant scope and exchange rates over the full year. Naturally, this expectation is subject to change during the year depending on pandemic-related developments and their impact on the macroeconomic and industry environment in the countries in which the Group operates.
To accompany the publication of the Groups first-quarter sales, Vicat is holding a conference call in English that will take place on 6 May 2021 at 3pm Paris time (2pm London time and 9am New York time).
You may also access a live audio webcast of the conference, together with the presentation, on the Vicat website or simply by clicking here. The replay of the conference call will be immediately available for streaming via the Vicat website and by clicking here.
The Vicat Group has over 9,000 employees working in three core divisions, Cement, Concrete & Aggregates and Other Products & Services, which generated consolidated sales of 2.805 billion in 2020. The Group operates in twelve countries: France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. Some 64% of its sales are generated outside France.
The Vicat Group is the heir to a family industrial tradition dating back to 1817, when Louis Vicat invented artificial cement. Founded in 1853, the Vicat Group now operates three core lines of business: Cement, Ready-Mixed Concrete and Aggregates, as well as related activities.
Created in 2017 on the occasion of the bicentenary of the invention of artificial cement, the Foundation's objectives are: the promotion of scientific and technical culture, the preservation and enhancement of heritage, education and solidarity. To this end, in 2020 the Foundation carried out a series of inclusive actions for the benefit of people with disabilities and those far from employment. The year 2021 will be the Year of Women.
Gebr. Pfeiffer supplies innovative plant solutions for cement, coal, lime, gypsum and ceramics on which you can rely 100 %. We only give our word if we know we can keep it. And we keep what we have promised. Extremely reliable and with excellent results. For sustainable economic success. What can we do for you?
The contract was awarded not only because of the customers satisfaction with the first mill but also because of the Pfeiffer mill grinding the kaolin much more efficiently than its competitors mills.
The essential modules of all three MVR mills will have the same design and therefore be interchangeable; the advantages in terms of spare parts management and maintenance of the mills will be significant.
In addition to short specialist talks, the two-day event was an opportunity for knowledge transfer between mineral processing specialist Gebr. Pfeiffer and leading figures from various cement companies in India.
As part of the companys expansion strategy to spread grinding plants across the whole of India, Shree Cement will now equip a grinding plant near Pune in the state of Maharashtra with a Pfeiffer mill.
The contract includes the supply and installation from the top of the foundation up. It comprises the complete process equipment, electrical equipment and automation system as well as the complete building on EPC basis.
More than 50 attendees were welcomed, representing clients from all over the MENA region who were given the opportunity to profit from the Pfeiffer experts experiences and to use them for the Pfeiffer mills in operation at their works.
Even though our team is very much looking forward to meeting our business partners in person again, which due to the current situation is not possible, sales, service and all support functions are still available via e-mail, telephone and video chat. Our supervisors and commissioning engineers are also there for you as far as possible and if feasible.
At the end of March, we received an inquiry from the Kaiserslautern District Medical Association as to whether we could pass on protective equipment to doctors in private practice in Kaiserslautern to enable them to continue providing appropriate care for their patients. Of course, we were pleased to be able to do so.
BIGBOSS CEMENT Inc., (BBCI) with a plant located in the province of Pampanga, Philippines has recognized the advantages of this modular plant concept, comprising a 4-roller vertical roller mill, and is of the opinion that ready2grind meets the requirements and provides the highest plant availability.
This article was co-authored by Gerber Ortiz-Vega. Gerber Ortiz-Vega is a Masonry Specialist and the Founder of GO Masonry LLC, a masonry company based in Northern Virginia. Gerber specializes in providing brick and stone laying services, concrete installations, and masonry repairs. Gerber has over four years of experience running GO Masonry and over ten years of general masonry work experience. He earned a BA in Marketing from the University of Mary Washington in 2017. This article has been viewed 31,034 times.
Cement board is a strong and durable material that is great for projects like tiling, flooring, and countertops. It is inexpensive, convenient, and is long-lasting because the cement doesnt rot like other materials. Cutting cement board to size is simple if you have the right tools, take the proper precautions, and follow the right procedures.
Warning: Concrete dust is hazardous if you breathe it in or get it in your eyes. Wear eye protection and breathing protection when you saw your cement boards. X Expert Source Gerber Ortiz-VegaMasonry Specialist & Founder, GO Masonry LLC Expert Interview. 10 March 2020.
Birla Corporation, the MP Birla Group flagship, on Friday said it was planning to expand existing capacity of grinding cement plant at West Bengals Durgapur by installing a cement grinding unit with an investment of Rs 72.57 crore.
The board of directors of the company at their meeting held today approved the proposal to carry out the expansion of existing capacity of grinding cement plant at Durgapur by installing a cement grinding unit i.e. one cement mill (VRM) having cement capacity of 0.24 million tonnes per annum (MTPA). The capacity of grinding cement plant at Durgapur will increase to 1.54 MTPA after the above expansion, the company said in a stock exchange filing.
Demand of premium slag-based cement in the eastern region is expected to be robust. In view of the same, it is proposed to carry out the expansion of the existing capacity of grinding cement plant at Durgapur by installing one cement mill (VRM) having capacity of 0 .24 million tons per annum, it added.The cement major reported a 53% year-on-year fall in its consolidated net profit to Rs 65.77 crore in the first quarter ended June 30, from Rs 140.62 crore in the year-ago period. Its revenue from operations during the June quarter this fiscal also fell over 35% YoY at Rs 1221.97 crore compared with Rs 1883.81 crore in the corresponding period last fiscal, according to the BSE filing.Birla Corporation managed to protect realisation despite subdued demand and across the board inventory pile up. Realisation for the June quarter at Rs 4,906 per tonne was 0.5% lower than last year, mainly because of the soft prices prevailing in the East. The 5% drop in ebitda per tonne at Rs 981 for the June quarter was on account of low fixed cost absorption, low capacity utilisation and the adverse situation prevailing in some of the key markets of the company. Sudden lockdown in the third week of March had also led to pile up of inventory at the depots which was liquidated during the quarter, the company said in a release. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know markets Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.HomeIndia NewsBirla Corporation plans to expand cement plant capacity at West Bengals Durgapur
The cement major reported a 53% year-on-year fall in its consolidated net profit to Rs 65.77 crore in the first quarter ended June 30, from Rs 140.62 crore in the year-ago period. Its revenue from operations during the June quarter this fiscal also fell over 35% YoY at Rs 1221.97 crore compared with Rs 1883.81 crore in the corresponding period last fiscal, according to the BSE filing.Birla Corporation managed to protect realisation despite subdued demand and across the board inventory pile up. Realisation for the June quarter at Rs 4,906 per tonne was 0.5% lower than last year, mainly because of the soft prices prevailing in the East. The 5% drop in ebitda per tonne at Rs 981 for the June quarter was on account of low fixed cost absorption, low capacity utilisation and the adverse situation prevailing in some of the key markets of the company. Sudden lockdown in the third week of March had also led to pile up of inventory at the depots which was liquidated during the quarter, the company said in a release. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know markets Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.HomeIndia NewsBirla Corporation plans to expand cement plant capacity at West Bengals Durgapur
Birla Corporation managed to protect realisation despite subdued demand and across the board inventory pile up. Realisation for the June quarter at Rs 4,906 per tonne was 0.5% lower than last year, mainly because of the soft prices prevailing in the East. The 5% drop in ebitda per tonne at Rs 981 for the June quarter was on account of low fixed cost absorption, low capacity utilisation and the adverse situation prevailing in some of the key markets of the company. Sudden lockdown in the third week of March had also led to pile up of inventory at the depots which was liquidated during the quarter, the company said in a release.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know markets Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.