India Cements Reports Improved Q3 Losses

03 Nov 2023 CW Team

Cement manufacturer The India Cements Ltd has reported a standalone net loss of Rs 813.9 million for the July-September 2023 quarter, a notable improvement from the Rs 1.37 billion loss in the same period the previous year. However, for the six months ending on September 30, 2023, the net loss increased to Rs 1.56 billion, compared to a net loss of Rs 614.9 billion in the corresponding period of the previous year.

Standalone total income also declined to Rs 1,2.28 billion for the quarter, down from Rs 12.58 billion in the same period the prior year. For the half-year ending September 30, 2023, the standalone total income stood at Rs 26.27 billion, compared to Rs 27.12 billion in the same period of the previous year.

Despite facing challenges due to a stressed working capital position, the company managed to achieve a slightly positive EBITDA during the quarter, with EBITDA totalling Rs 140 million, a marked improvement from the negative EBITDA of Rs 870 million in the second quarter of the previous year.

The company noted that the selling price of cement was under pressure due to supply saturation and market competition. In response, India Cements is actively working on disposing of non-core assets and exploring other avenues to raise funds for plant refurbishments, enhance efficiency, and address working capital requirements.

The company has also increased the proportion of blended cement in its operations, from 50 per cent in the previous year to 56 per cent in the first six months of the current year. Looking ahead, India Cements sees a positive outlook for cement demand, driven by increased home construction and infrastructure projects in preparation for upcoming elections.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..