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.
Shami, Ashwin move up, Kohli, Dhoni drop in ICC rankings
Sydney, March 2 (IANS) Indian pacer Mohammad Shami and off-spinner Ravichandaran Ashwin moved u
Pakistan's Foreign Minister Bilawal Bhutto Zardari is on a US visit. From here he has targeted fo
Raina, Dhoni help India beat Zimbabwe by six wickets
Auckland, March 14 (IANS) India completed their cricket World Cup Pool B campaign with six cons
After the Supreme Court's remarks, the hope of opening the roads leading to Delhi from the UP Gat
Union Minister Prakash Javdekar (Union Minister Prakash Javdekar) at a press conference on Wednes
US Alaska: 7.4 magnitude earthquake in Alaska, tsunami warning in coastal areas
Earthquake tremors have been felt in Alaska, USA. The intensity of the earthquake has been measur
Bilal al Sudani: Know who is ISIS terrorist Bilal al Sudani, who was killed by US forces in Somalia
The American army killed ISIS terrorist Bilal al-Sudani in the African country of Somalia last ni
Delhi Police gets Rs.5,373 Crore for upgrading force
New Delhi, Feb 28 (IANS) Delhi Police have been allocated about Rs.5,372.88 crore for upgrading
India may rest fast bowler Jasprit Bumrah and experienced all-rounder Hardik Pandya for the three
Two each from PDP, BJP and NC win Kashmir council polls
Jammu, March 2 (IANS) Two candidates each from the regional National Conference, the PDP and th
