Mumbai, Feb 3 (IANS) Cement maker ACC Ltd Tuesday said its consolidated net profit for 2014 stood at 6.1 percent as the net profit registered at Rs. 1161.82 crore compared to Rs. 1094.67 in the calendar year 2013.
Consolidated net revenue during 2014 increased by 5.4 percent at Rs. 11,480.31 crore compared to Rs. 10,889.08 crore in 2013 with the company focusing on optimising its operational cost.
The company said its costs rose in the fourth quarter of the 2014 fiscal year as a result of temporary suspension of limestone mining operations in the plants at Chaibasa in Jharkhand and Bargarh in Odisha as per order from the Supreme Court.
It is, however, expecting the operations in these plants to commence shortly post the new mining ordinance.
It is expecting to complete a 2.79 MT capacity clinkering project in Jamul in Chhattisgarh and another 1.35 MT grinding project in Sindri in Jharkhand this year.
"Based on present indications, we see a modest but steady revival of the Indian economy in 2015 leading to some improving trends in all sectors of the economy. The infrastructure, housing and construction sectors are expected to register faster growth in the near term with a positive impact on the demand of cement," the company said in a statement.
The company has 17 cement plants and was one of the first of its kind in India to include environment protection as a corporate commitment.
Narco-Terrorism in India: Narco-Terrorism started in India after the Taliban came to power in Afg
Friday is coming and bringing with it a flood of new films to the theatres. This time, Siddhant C
Rohtak Rape: Protests erupt after police apathy
Chandigarh, Feb 8 (IANS) Protests erupted in Haryana's Rohtak town Sunday after details emerged
Sugar export curbs: Limit sugar exports to maintain sweetness, increase in prices will be curbed
The government has restricted the export of sugar to 10 million metric tonnes this year to mainta
UP Election 2022: Mayawati's rally in Ghaziabad rained heavily on BJP-SP, know what was said?
Because of the UP assembly elections, BSP supremo Mayawati fiercely attacked BJP and Samajwadi Pa
RBI: RBI will sell $100 billion to stop the fall in the rupee, and will get support for 4 months
The rupee continues to depreciate against the dollar. On Wednesday, it fell and closed for the fi
BJP got RSS's support on UCC, Indresh Kumar said- implementation is the need of the hour
Muslim Rashtriya Manch (MRM) guide Indresh Kumar said that implementation of the Uniform Civil Co
The disadvantages of limiting green card visas are beginning to appear in the US under the policy
The Supreme Court will hear the case of women roaming without clothes in the northeastern state o
This stock of Rs 2 has made Rs 1 lakhs Rs 1.81 crore, now the share can reach 550
You can also make big money from the stock market, however, you need to have patience. Investing
