acc

India’s ACC beats Q2 profit view on strong domestic demand – ET Infra

BENGALURU: India’s ACC on Thursday reported a bigger-than-expected second-quarter profit aided by sturdy domestic demand, and forecast strong growth for the cement industry. The cement maker’s profit after tax stood at 3.84 billion rupees ($46.16 million), compared to a loss of 910.9 million rupees a year ago. Analysts polled by LSEG expected a profit of […]

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The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra

Adani Group, which is a key player in India’s infrastructure and materials sector with a strong presence in airports, ports, mines, energy and real estate, has been flexing its muscles in another sector crucial to India’s infrastructural growth — cement. Adani’s bet on cement business relies on India’s fast-paced expansion of its infrastructure which requires

The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra Read More »

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra

A strong year-on-year growth in volume, along with lower cost of power and fuel is seen boosting earnings of domestic cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. While operating margins are seen lower on a sequential basis

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra Read More »

Orient promoter CK Birla taps Adani for cement business sale – ET Infra

Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of the talks told ET. Senior management executives on both sides have also met to discuss a potential deal for the Adanis,

Orient promoter CK Birla taps Adani for cement business sale – ET Infra Read More »

Shares of Adani Group cos decline by 2-4% on OCCRP report – ET Infra

MUMBAI: Shares of most Adani group companies fell 2-4% on Thursday as sentiment soured after a report by Organised Crime and Corruption Reporting Project (OCCRP) – a network of investigative reporters backed by billionaire-philanthropist George Soros – alleged that business partners of the Adani family made large investments in its shares through ‘opaque’ Mauritius funds.

Shares of Adani Group cos decline by 2-4% on OCCRP report – ET Infra Read More »

Adani Cement set to improve profit by 45-50% in 5 years, says CEO – ET Infra

MUMBAI: Adani Cement‘s profitability is set to improve by as much as 45-50% over the next five years as it builds new capacities with a substantial cost advantage, while strategic initiatives boost the profitability of its existing plants, chief executive officer Ajay Kapur said. “The Ebitda (earnings before interest, tax, depreciation and amortisation) (per tonne)

Adani Cement set to improve profit by 45-50% in 5 years, says CEO – ET Infra Read More »

Adani Cement set to improve profit by 45-50% in 5 years, says CEO – ET Infra

MUMBAI: Adani Cement‘s profitability is set to improve by as much as 45-50% over the next five years as it builds new capacities with a substantial cost advantage, while strategic initiatives boost the profitability of its existing plants, chief executive officer Ajay Kapur said. “The Ebitda (earnings before interest, tax, depreciation and amortisation) (per tonne)

Adani Cement set to improve profit by 45-50% in 5 years, says CEO – ET Infra Read More »

Adani group EBITDA grows 42% YoY in Q1 – ET Infra

Billionaire Gautam Adani‘s conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year)

Adani group EBITDA grows 42% YoY in Q1 – ET Infra Read More »

Adani Group companies’ net profit surges 70% – ET Infra

MUMBAI: Adani group companies have seen their combined net profit surge nearly 70% on year in the June quarter, helped by robust performance in the ports, power and green energy businesses. Strong operational performance helped boost the group’s net profit, although overall sales saw a decline during the quarter. The comparative performance excludes the group’s

Adani Group companies’ net profit surges 70% – ET Infra Read More »

No merger, Sanghi to stay listed for now: Karan Adani – ET Infra

The Adani Group, which announced the acquisition of Gujarat-based cement maker Sanghi Industries on Thursday, plans to increase its overall cement manufacturing capacity to 140 million tonnes in the next five years. Karan Adani, director, Ambuja Cement, told ET’s Deborshi Chaki and Nehal Chaliawala in an interview that the group is open to more acquisition

No merger, Sanghi to stay listed for now: Karan Adani – ET Infra Read More »

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