HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22

21 Oct 2021 CW Team

Cement manufacturing major HeidelbergCement India reported a 4.55% drop in net profit to Rs 59.56 crore in Q2 FY22.

In the same quarter last year, the company reported a net profit of Rs 62.4 crore, according to a BSE filing.

During the second quarter of FY22, it generated Rs 569.24 crore in revenue from operations, up 11.03% from Rs 512.69 crore in the previous fiscal quarter.

HeidelbergCement India said in a separate filing that its independent director or chairperson Akila Krishnakumar has resigned and that the board has accepted her resignation.

In place of Akila Krishnakumar, the Board of Directors has appointed Ramakrishnan Ramamurthy, an independent director of the company, as Chairman of the Board of Directors, effective 20th October 2021.

Total operating costs including freight per tonne increased by 6.7% year over year, primarily due to significant increases in fuel, packaging, and diesel costs, the company told the media.

According to the company, sales volume increased by 11.1% to 1,231 KT in the quarter, compared to 1,108 KT in the previous quarter.

The company paid out an Rs 8 dividend per share. The company had a net cash balance of around Rs 79.60 crore as of 30th September 2021.

It also signed a long-term power purchase agreement to source approximately 22 GW hours of solar power per year for its Jhansi plant, which is expected to begin solar power supply in the fourth quarter of 2021.

Image Source

Also read: HeidelbergCement acquires 45% stake in Command Alkon

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..