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JK Lakshmi Cement, Shree Cement eyeing offshore mining foray to secure lime mud

In 2018, the Geological Survey of India (GSI) discovered potential zones of high grade limemud and limesand off Gujarat and Maharashtra coasts. These are useful for cement companies that can cut down on the raw material import bills.

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Shree Cement Q3 net profit rises two-fold to Rs 701.85 crore

The company had posted a net profit of Rs 281.83 crore in the October-December period a year ago, according to a regulatory filing.

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Shree Cement Q4 results: Profit drops 15% to Rs 546 crore; what management says

Shree Cement said it has been actively working on achieving its goal of beyond 80 million tonnes capacity. It said the commissioning of Purulia grinding unit with capacity of 3 mpta is scheduled by end of Q1FY24.

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Ambuja Cement's profit jumps 71% in first quarter of 2021 - Cement industry news from Global Cement

Ambuja Cement’s profit jumps 71% in first quarter of 2021
Written by Global Cement staff
30 April 2021
India: Ambuja Cement, part of LafargeHolcim, reported a 71% jump year-on-year in its consolidated net profit to US$127.9m during the first quarter of 2021, compared to a profit of US$74.8m in the same period of 2020. Managing Director Neeraj Akhoury said, "Indian demand growth has been strong in the last quarter, which has also helped the sales volume growth and commercial performance.”
Akhoury added that, despite strong and continuing headwinds with regards to input prices, including coal, petcoke and diesel, the company had made significant progress on efficiency improvement, which had a positive impact on cost evolution.

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