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Two cement companies in Meghalaya face accusations of violating norms in transporting over 2.93 lakh metric tonnes of coal. A high court-appointed committee reported the companies moved the coal without mandatory approvals. This movement also lacked essential documents and weekly returns. The committee recommended strict enforcement and improved tracking systems to curb illegal coal movement across the state. View More
Shillong: Two cement companies in Meghalaya have been accused of violating prescribed norms in the transport of over 2.93 lakh metric tonnes of coal, a high court-appointed committee said in its latest report. The single-member panel of retired judge B P Katakey pointed out that the two companies transported the dry fuel from outside the state between February 2025 and February this year "without obtaining mandatory approvals under the Standard Operating Procedure (SOP), 2024". Also read: UltraTech wins trademark battle; Bombay High Court bars ‘Ultra’-branded rival cement Justice (Retd) B P Katakey heads the committee, appointed by the high court to oversee compliance with its directions on curbing illegal coal mining and transportation. In its report submitted to the court on Friday, the panel noted that although the companies had applied on April 8 last year, seeking permission to transport coal for the period from April 1, 2025 to March 31, 2026, no approval was granted by the competent authority. Live Events The committee found that the transport of over 2.93 lakh metric tonnes of coal violated several provisions of the SOP, including the failure to obtain prior approval and non-filing of mandatory weekly returns. The single-member panel also flagged the absence of crucial documents, such as mineral transport challans, tax invoices, e-way bills, certificates of origin and weighment details, indicating serious procedural lapses in the movement of the consignments. Referring to an accident on March 4 this year in East Jaintia Hills district, the panel said the coal was also being transported without approval. Also read: Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: Nuvama The report highlighted gaps in enforcement, noting that investigating agencies had failed to probe the role of landowners in areas where illegal mining activities were detected. The committee recommended strict enforcement of SOP provisions, verification of documents related to coal transported by the companies, and a detailed investigation into violations. It also called for the introduction of GPS tracking of vehicles, colour-coded identification systems, designated transport routes and smart integrated check-points to prevent illegal movement of coal. The committee recommended expansion of the enforcement strategies adopted in East Jaintia Hills district to other coal-bearing regions of the state to curb the menace of illegal mining and transportation. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The company reported a consolidated net profit of ?8,165.64 crore for the year—crossing the ?8,000 crore mark for the first time and rising 35.12% y-o-y—according to exchange filings, even as fuel and power expenses rose 6% and freight costs, 10%. View More
UltraTech Cement Q4 results: The cement maker reported a 21.2% year-on-year (YoY) rise in its net profit, rising to ?3,011 crore in the quarter ending on March 31, 2026, from ?2,484 crore in the same period last year. View More
Revenue is expected to increase 12% at ?25,901 crore (?23,063 crore) while Ebitda will jump 14% to ?5,277 crore (?4,618 crore) View More
Seven listed companies, including Himadri Speciality, L&T and Godawari Power, announced key business moves ranging from new facilities and acquisitions to buybacks and energy expansion, signalling strong corporate activity across sectors View More
ICRA ESG analysis warns of higher compliance burden and profit impact from FY2027 as emission reduction targets become stricter View More
The report indicated that government capital expenditure, including central, state, and CPSE investments, rose about 26% year-on-year to nearly ?2.3 trillion in February 2026 View More
UltraTech Cement has achieved a significant milestone, crossing 200 million tonnes in production capacity in India. This expansion solidifies its leadership in the Indian market and positions it as the world's largest cement producer outside China. The company plans further growth, aiming for 240 million tonnes by FY28. View More
MUMBAI: UltraTech Cement crossed 200 million tonnes production capacity in India, bolstering its leadership of the world’s second largest market for the building material. The Aditya Birla Group company has more than tripled its capacity in a decade, and is also the world’s largest cement producer, outside of China. UltraTech Cement’s annual capital expenditure of about Rs 16,000 crore currently is expected to expand capacity further to 240 million tonnes by FY28. The company currently controls about a fourth of the Indian market. Live Events Also Read:Cement makers set to see sharp Q-o-Q growth in profits About 110 million tonnes of the existing capacity comprises greenfield and brownfield expansions, with the rest 90 million tonnes coming in through acquisitions. Over the past few years, some of the company’s key acquisitions are L&T Cement, Jaypee Cement, Binani Cement , Century, Kesoram Industries , and India Cements . “It took us 36 years to reach 100 million tonnes,” said chairman Kumar Mangalam Birla. “The next 50 million followed in five. The 50 after that, in just over two. No cement company in the world has added capacity at this pace in the last decade.” During the day, the company commissioned three additional cement grinding units at Shahjahanpur in Uttar Pradesh, Patratu in Jharkhand, and Visakhapatnam in Andhra Pradesh. At a consolidated level, UltraTech’s capacity is now at 205.5 million tonnes, including 5.4 million tonnes from its operations in the UAE, Bahrain, and Sri Lanka. “The 200 MTPA number in my view does not represent only our capacity, but also India’s place in the world,” said Birla. “It describes an India that carries scale with confidence – in its ambitions, its execution, and its sense of self.”. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
About 90 mt capacity came via acquisitions, starting with L&T Cement and expanding through Jaypee, Binani, Century, Kesoram and India Cements View More