ACC, India's no 2 cement producer, shipments in July rose 28 percent from a year earlier to 2 million tonnes. The company, in which Swiss cement maker Holcim holds about 46 percent saw production in July rose to 2.03 million tonnes from 1.55 million tonnes a year ago.
Recently, ACC had posted an increase of 6.18% in its June 2011 cement production at 1.89 million tonnes against 1.78 million tonnes in June 2010. Similarly, its dispatches for the month under review also surged by 7.30% to 1.91 million tonnes from 1.78 million tonnes in the year ago period.
The company’s net profit for the quarter ended June 30, 2011 has dipped 6.22% at Rs 336.58 crore as compared to Rs 358.93 crore for the same quarter last year. Its total income increased by 19.21% to Rs 2480.10 crore for the quarter under review from Rs 2080.42 crore for the corresponding quarter of the previous year.