Ambuja Cements reports a 29.7% surge in net sales in Jan-Mar 2021
Real Estate

Ambuja Cements reports a 29.7% surge in net sales in Jan-Mar 2021

Cement manufacturing major Ambuja Cements (LafargeHolcim) has reported a 29.7% year-on-year (y-o-y) surge in net sales to Rs 35,790 crore for January-March 2021 quarter, against Rs 27,600 crore in the year-ago period.

The company has shown a rise in sales from Rs 27,600 crore to Rs 35,790 crore. Ambuja Cement's earnings before interest, taxes, depreciation and amortisation (EBITDA) has advanced 62% y-o-y to Rs 977 crore and its EBITDA has raised from 21.9% to 27.3%.

LafargeHolcim intends to increase its capacities across India and is working towards achieving its targets. The company’s upcoming plant in Marwar Mundwa in Rajasthan will increase clinker capacity by 3 mtpa and boost cement sales by 5 mtpa, contributing to the long term strategy of capacity expansion of 50 million tonne per annum (mtpa) by the mid-half. This Rs 2,350 crore investment greenfield integrated unit, will commence operations by the July-September quarter.

The cement sales have increased by 24.5 % y-o-y which was from 5.76 mt to 7.17 mt in Q1 2020. The Marwar Mundwa project aspires to start its work from Q3 2021.

Image Source


Also read: Ambuja Cements to add 20 mtpa capacity at Rs 10k cr

Also read: Ambuja Cement shows good volume growth

Cement manufacturing major Ambuja Cements (LafargeHolcim) has reported a 29.7% year-on-year (y-o-y) surge in net sales to Rs 35,790 crore for January-March 2021 quarter, against Rs 27,600 crore in the year-ago period. The company has shown a rise in sales from Rs 27,600 crore to Rs 35,790 crore. Ambuja Cement's earnings before interest, taxes, depreciation and amortisation (EBITDA) has advanced 62% y-o-y to Rs 977 crore and its EBITDA has raised from 21.9% to 27.3%. LafargeHolcim intends to increase its capacities across India and is working towards achieving its targets. The company’s upcoming plant in Marwar Mundwa in Rajasthan will increase clinker capacity by 3 mtpa and boost cement sales by 5 mtpa, contributing to the long term strategy of capacity expansion of 50 million tonne per annum (mtpa) by the mid-half. This Rs 2,350 crore investment greenfield integrated unit, will commence operations by the July-September quarter. The cement sales have increased by 24.5 % y-o-y which was from 5.76 mt to 7.17 mt in Q1 2020. The Marwar Mundwa project aspires to start its work from Q3 2021. Image SourceAlso read: Ambuja Cements to add 20 mtpa capacity at Rs 10k cr Also read: Ambuja Cement shows good volume growth

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?