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.
Kolkata restaurants rustle up French delicacies for global fest
Kolkata, March 20 (IANS) Nine restaurants in Kolkata rustled up an array of exquisite French go
PM Modi Vikas Bharat Sankalp Yatra Prime Minister Narendra Modi today virtually interacted with t
Mumbai University VC asked to keep off duties
Mumbai, Feb 19 (IANS) Maharashtra Governor C.V. Rao Thursday directed Mumbai University Vice Ch
Jaipur's royal wedding an India, Pakistan affair
Jaipur, Feb 21 (IANS) Over 3,000 guests attended the lavish wedding here of a Pakistani groom a
Illegal Mining Case: ED notice to Jharkhand CM Hemant Soren, called for questioning tomorrow
The problems of Chief Minister Hemant Soren may increase in the illegal mining case in Jharkhand.
The country is celebrating the 115th birthday of Bhagat Singh today. To get freedom for the count
Bengal Chief Minister Mamata Banerjee started a new program called 'Side Chief Minister' on Thurs
Saradha scam: ED grills painter Shuvaprasanna
Kolkata, March 23 (IANS) The ED, probing the money trail in the multi-crore-rupee Saradha scam,
Hyderabad police cancels permission for religious meet
Hyderabad, Feb 14 (IANS) Hyderabad police Saturday cancelled permission for a public meeting, w
Punjab Chief Minister Charanjit Channi on Thursday presented the report card of the first 50 days