Dalmia Cements:
Q4 Results
Cement manufacturer Dalmia Bharat said its fourth-quarter profit more than doubled, aided by easing fuel prices and a pick-up in demand.
Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier.
The company's revenue from operations rose 15.7% year-over-year to Rs 3,912 crore.
The total expenses stood at Rs 3,605 crore, with the power and fuel costs for the quarter falling to Rs 871 crore from Rs 873 crore.
Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, executed definitive agreements with JAL for the acquisition of JP Super Cement plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore.
UTCL:
UltraTech Cement announced that it has commissioned 2.2 mtpa Brownfield expansion at its grinding unit at Patliputra, Bihar. With this, the units grinding capacity has increased to 4.7 mtpa. The company’s total grey cement manufacturing capacity in India now stands at 129.15 mtpa.
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