Jai Balaji Inds to enter into cement biz
Cement

Jai Balaji Inds to enter into cement biz

Jai Balaji Industries stated that, in the long run, the company intends to expand its portfolio by entering the cement business in addition to its existing business.

Jai Balaji Industries is an integrated steel manufacturer with five facilities in West Bengal's Durgapur and Raniganj, as well as Chhattisgarh's Durg. Ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron (DI) pipes, and alloy and mild steel heavy rounds are among the value-added products offered by the company. In the quarter ended December 2022, the company's consolidated net profit increased 134.74% to Rs 279.1 million, up from Rs 118.9 million in the previous quarter ended December 2021. In Q3 FY23, sales increased 20.11% to Rs 15.36 billion from Q3 FY22. The stock has dropped 3.08% to Rs 50.35 on the BSE.

See also:
Dalmia Bharat to buy Jaypee Cement for Rs 56.66 billion
RHI Magnesita to acquire Indian refractory business of Dalmia Bharat


Jai Balaji Industries stated that, in the long run, the company intends to expand its portfolio by entering the cement business in addition to its existing business. Jai Balaji Industries is an integrated steel manufacturer with five facilities in West Bengal's Durgapur and Raniganj, as well as Chhattisgarh's Durg. Ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron (DI) pipes, and alloy and mild steel heavy rounds are among the value-added products offered by the company. In the quarter ended December 2022, the company's consolidated net profit increased 134.74% to Rs 279.1 million, up from Rs 118.9 million in the previous quarter ended December 2021. In Q3 FY23, sales increased 20.11% to Rs 15.36 billion from Q3 FY22. The stock has dropped 3.08% to Rs 50.35 on the BSE. See also: Dalmia Bharat to buy Jaypee Cement for Rs 56.66 billion RHI Magnesita to acquire Indian refractory business of Dalmia Bharat

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?