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Saurashtra Cement reports strong growth in Q3FY23
Saurashtra Cement, one of India's leading cement manufacturers, reported strong growth in its financial results for the third quarter of FY23. The company's net profit increased by 35% year-on-year to Rs. 305 crore, while revenue grew by 25% to Rs. 1,625 crore. The growth was driven by strong demand for cement in the domestic market and increased exports.
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Saurashtra Cement to invest Rs. 1,500 crore in capacity expansion
Saurashtra Cement has announced plans to invest Rs. 1,500 crore in capacity expansion over the next two years. The investment will be used to set up new cement plants and expand existing ones. The expansion will increase the company's total capacity to 15 million tonnes per annum.
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Saurashtra Cement wins award for excellence in sustainability
Saurashtra Cement has been awarded the prestigious 'Excellence in Sustainability' award by the Confederation of Indian Industry (CII). The award recognizes the company's commitment to sustainable development and its efforts to reduce its environmental impact.
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Saurashtra Cement share price surges 10% in a week; should you buy, hold or sell?
Saurashtra Cement share price has gained over 10% in the last week and is currently trading at Rs 318.50. The stock has been in a positive trend for the past few months and has given a strong breakout recently. The company's strong financial performance and recent expansion plans are driving the stock's momentum.
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Saurashtra Cement to set up new grinding unit in Maharashtra
Saurashtra Cement has announced plans to set up a new grinding unit in Maharashtra. The new unit will have a capacity of 2 million tonnes per annum (MTPA) and is expected to be commissioned by 2025. The company's total installed capacity will increase to 11 MTPA after the new unit is commissioned.
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Saurashtra Cement reports strong financial performance for Q3FY23
Saurashtra Cement has reported a strong financial performance for the third quarter of FY23. The company's net profit increased by 25% year-on-year to Rs 105 crore. The company's revenue also grew by 15% year-on-year to Rs 750 crore. The company's strong performance was driven by higher volumes and better realisations.
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Saurashtra Cement Q3 PAT up by 18.5%
Saurashtra Cement reported 18.5% increase in its PAT to Rs 24.81 crore in Q3FY23 on the back of higher sales volume and better realisations.
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Saurashtra Cement to set up new cement plant in Rajasthan
Saurashtra Cement is planning to set up a new cement plant in Rajasthan with a capacity of 2.5 million tonnes per annum.
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Saurashtra Cement Q2 net profit jumps 56%
Saurashtra Cement reported a 56% jump in its net profit to Rs 19.14 crore in Q2FY23, on account of higher sales volume and better realisations.
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Saurashtra Cement Q3 net profit jumps over two-fold to Rs 113 crore
Saurashtra Cement Ltd on Monday said its consolidated net profit jumped over two-fold to Rs 113.12 crore for the quarter ended December 2022, helped by higher sales and better realisations.
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Saurashtra Cement to set up 2 MTPA grinding unit in Maharashtra
Saurashtra Cement Ltd on Wednesday said its board has approved setting up a 2 MTPA grinding unit at Chandrapur in Maharashtra with an investment of Rs 350 crore.
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Saurashtra Cement reports 24% rise in Q2 net profit to Rs 90 crore
Saurashtra Cement Ltd on Monday reported a 24.25 per cent rise in its consolidated net profit to Rs 90.05 crore for the quarter ended September 2022.
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Saurashtra Cement Limited Q3FY23 Results: Net profit falls 49% to Rs 42.24 crore
Saurashtra Cement Limited has reported a 49% decline in its net profit to Rs 42.24 crore for the third quarter ended December 31, 2022. The company had posted a net profit of Rs 83.04 crore in the corresponding quarter of the previous fiscal.
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Saurashtra Cement Limited to set up 1.9 MTPA grinding unit in Maharashtra
Saurashtra Cement Limited is planning to set up a 1.9 million tonne per annum (MTPA) grinding unit in Maharashtra. The project is expected to cost around Rs 350 crore and is likely to be completed by 2025.
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Saurashtra Cement Limited commissions new cement plant in Gujarat
Saurashtra Cement Limited has commissioned a new 1.5 MTPA cement plant at Morbi in Gujarat. The plant is expected to cater to the growing demand for cement in the region.
