Latest news with #AdaniCement
NDTV
24-07-2025
- Business
- NDTV
Cement Maker ACC Net Profit Climbs 4.35% In April-June Quarter
New Delhi: Cement maker ACC Ltd on Thursday reported a 4.35 per cent increase in its consolidated net profit to Rs 375.42 crore for the June 2025 quarter, helped by volume gains and operational efficiencies. The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement. Its revenue from operations rose 18 per cent to Rs 6,035.11 crore. It was Rs 5,113.05 crore in the corresponding period a year ago. ACC's total expenses in the June quarter surged 16.84 per cent to Rs 5,594.25 crore. In the June quarter, it reported "highest-ever volume in Q1 series" to 11.5 million tonnes, up 12 per cent year-on-year, the company said in an earnings statement. During the quarter, revenue from the cement business rose 16.7 per cent to Rs 5,714.95 crore. Similarly, its revenue from ready mix concrete jumped 26.67 per cent to Rs 416.28 crore in the June quarter. It has reported a "healthy upticks in volumes, operational efficiency, cost control, and capex management affirm our progress and reinforce our commitment to industry-leading cost competitiveness," ACC said. Its Whole-Time Director & CEO Vinod Bahety said ACC's performance in Q1 reflects the strength of its integrated strategy, anchored in premium sales, operational excellence and cost leadership. "The consistent growth in volumes, efficiency gains, and digital transformation initiatives is enabling us to deliver greater value to our customers and stakeholders," he said. Over the outlook, ACC said cement demand growth in Q1 FY26 remained strong at 4 per cent amid favourable macroeconomic situations and sustained demand from housing and infrastructure segments. "Outlook for Q2 FY26 continues to remain strong. For FY26, cement demand is expected to grow between 6 to 7 per cent due to a rise in demand for affordable housing (both rural and urban), higher spending on infrastructure and commercial sector, which includes increased investment in core and allied infrastructure sector," it added. Shares of ACC Ltd on Thursday were trading at Rs 1,920.35 apiece on BSE, down 1.59 per cent from the previous close.
Deccan Herald
24-07-2025
- Business
- Deccan Herald
ACC Q1 net profit climbs 4.35% to Rs 375 crore; revenue surges 18% to Rs 6,035 crore
The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement.
Business Standard
10-07-2025
- Business
- Business Standard
ACC commissions 1.5 MTPA grinding unit at Sindri plant in Jharkhand
ACC announced the commissioning of a 1.5 million tonne per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand. The announcement was made via an exchange filing on 9 July 2025, after market hours. ACC is a part of Adani Cement and one of India's leading producers of cement and ready-mix concrete. ACC has 20 cement manufacturing sites, over 100 concrete plants and a nationwide network of channel partners to serve its customers. The cement makers consolidated net profit fell 20.38% to Rs 751.03 crore in Q4 in FY25 as against Rs 943.34 crore posted in Q4 FY24. However, revenue from operations jumped 12.16% to Rs 6,066.52 crore in the quarter ended 31 March 2025. The scrip rose 0.10% to Rs 1,992.65 on the BSE.
Time of India
22-06-2025
- Time of India
Cyber fraud racket busted, kingpin among 2 arrested
Varanasi: The cyber crime police in Varanasi on Sunday arrested two members of an interstate cyber fraud gang, including its kingpin, for duping people under the guise of offering business franchises of reputed companies. Producing the arrested duo before reporters, DCP (Crime) T Sarvanan said that the arrested accused have been identified as Sanjeet Singh (35) and Krishna Shaw, both residents of Kolkata. The police recovered 12 mobile phones, a laptop, multiple SIM cards, Rs 15,430 in cash, Rs 5.83 lakh frozen in a bank account, and a customer data diary from their possession. During investigation, it was revealed that Sanjeet Singh was the mastermind behind the operations. The racket came to light after Anil Kumar Singh, a resident of Bankat village in Lohata, filed a complaint alleging that cyber fraudsters had duped him of Rs 14 lakh on the pretext of offering a franchise of Adani Cement. Further inquiry revealed the gang's modus operandi involved creating or purchasing fake domains closely resembling those of reputed companies such as McDonald's, Dominos (Jubilant FoodWorks), JSW Steel, Adani Cements, KFC, and Haldiram. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo These counterfeit websites were promoted through social media advertisements, especially on platforms like Facebook and Instagram, to target aspiring franchisees. Once a potential victim showed interest, gang members would reach out using the collected leads and share forged documents, including letters of intent and approval letters, to gain the victim's trust. They would then demand payments under various pretexts such as registration fees, security deposits, and GST charges, which were transferred to accounts appearing to belong to the said companies. Police said the collected funds were later distributed among the gang members.
Time of India
13-06-2025
- Business
- Time of India
CREDAI partners with Adani Cement to promote green, best quality construction works
Realtors' apex body CREDAI has partnered with Adani Cement to promote sustainable and best practices in construction activities. In a joint statement on Friday, the Confederation of Real Estate Developers' Associations of India (CREDAI) said it has entered into a "strategic partnership with Adani Cement to champion sustainable and high-quality construction practices across the country". CREDAI, which represents over 13,000 private real estate developers across 20 states and 230 city chapters, has also launched the Green India Council and Skilling Council. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kensington Staff Spills The Tea About Meghan Harry Daily Sport X Undo "As CREDAI's preferred partner, Adani Cement will provide its industry-leading portfolio of premium and GRIHA-certified products, including green concrete solutions, advanced additives, and technical services," it added. The announcement was made at CREDAI's Governing Council meeting, held in the presence of Goa Chief Minister Pramod Sawant and CREDAI leadership. Live Events Vinod Bahety, CEO - Cement Business, Adani Group said: "By joining hands with CREDAI, we aim to accelerate the adoption of world-class cement products and green concrete solutions in India's real estate sector." This collaboration aligns perfectly with Adani Cement's vision of building a greener, smarter urban future and CREDAI's on-ground experience come together to create stronger, safer, and more sustainable structures. Shekhar Patel, President of CREDAI, said, "The launch of the Green India Council and Skilling Council marks a decisive step toward integrating sustainability and workforce development into the core of our industry." These initiatives reflect CREDAI's commitment to build an environment that drives economic growth, protects the environment, and uplifts communities, he added. CREDAI said the collaboration with Adani Cement will empower its members to elevate construction quality, safety, and sustainability across projects nationwide. Adani Cement will also offer on-site technical support and knowledge-sharing programs to upskill engineers and construction professionals within the CREDAI network. The Green Council will oversee a wide spectrum of green initiatives, including a large-scale reforestation initiative, starting with the restoration of 9,000 acres of land across various blocks of Nashik District, Maharashtra. This initiative aims to plant over 10 lakh trees using scientific and community-based methods. The Skilling Council is an initiative aimed at creating a future-ready workforce. PTI
