HeidelbergCement India's net profit dips 62.64% in Q4 FY23

30 May 2023 CW Team

HeidelbergCement India, the country's largest cement maker, has reported a 62.64 per cent decline in its net profit for the fourth quarter of the financial year 2022-23. The company's profit after tax stood at Rs 349.7 million in Q4 FY23, down from Rs 936.1 million in the corresponding quarter of the previous fiscal.

The decline in profit was mainly due to higher input costs and lower sales volumes. The company's total expenses rose by 11.48 per cent to Rs 6.5 billion in Q4 FY23, while its net sales fell by 2.68 per cent to Rs 6.15 billion.

Despite the decline in profit, HeidelbergCement India's overall performance for the financial year 2022-23 was better than the previous year. The company's net profit rose by 12.57 per cent to Rs 3.54 billion in FY23, while its net sales increased by 15.68 per cent to Rs 24.99 billion.

HeidelbergCement India is a subsidiary of HeidelbergCement AG, one of the world's largest cement makers. The company has a cement manufacturing capacity of 22.5 million tonnes per annum and operates 17 cement plants in India.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..