Shree Cement begins commercial production at Baloda Bazar facility

Shree Cement's net profit fell 20% in the fourth quarter

Shree Cement Ltd recorded a consolidated net profit of Rs 5.25 billion in the March quarter, a 20% decrease from the previous year's figure of around Rs 6.57 billion.

However, the company's performance increased substantially sequentially, with net profit increasing 86.4% over the previous quarter's Rs 2.82 billion.

Although greater expenses continue to negatively impact its cement business year over year, cement pricing have not kept pace with rising costs. However, a strong increase in sales volume, falling raw material costs, and improved operating efficiencies helped fu..

Dalmia Cement bags coal mine in Madhya Pradesh

At the most recent round of commercial coal mine auctions, which was held on Monday, Dalmia Cement (Bharat) Ltd. won a block in Madhya Pradesh on the first day. Shree Cement placed the highest bid for a coal mine in Chhattisgarh out of the ten mines that were put up for auction on the first day.

Samlok Industries Pt Ltd submitted the best bid for a mine in Maharashtra, while Rungta Sons Pvt Ltd won the auction for an Odisha coal mine.

RCR Steel Works Pvt Ltd and MH Natural Resources Pt Ltd respectively placed the top bids for a mine in Jharkhand and a coal block in Maha..

Oriano commissions 40 MW captive solar project in Jharkhand and Bihar

For M/s Shree Cement Limited, one of the top three cement companies in India, Oriano has completed two solar power projects with a combined capacity of 30 MWp (15 MWp X 2 nos.) at Banka, Bihar, and 10 MWp at Seraikela Kharsawan, Jharkhand. The 10 MWp plant in Jharkhand and the 30 MWp (15 MWp X 2) plant in Bihar were both put into service in the months of July 2022 and January 2023, respectively.

Design, engineering, supply of balance of plant equipment, erection, commissioning, testing, and O&M were all included in Oriano's turnkey project execution. Shree Cement Limited su..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits

india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.

The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..