Heidelberg Cement India Ltd reported an 81.66 % drop in its NP at INR 5.58 crore for Q3 2022, on account of increased operating costs. The company had reported a NP of INR 30.44 crore in Q3 of 2021.
Heidelberg Cement India Ltd is a subsidiary of HeidelbergCement AG, a leading German producer of building materials. Heidelberg Cement India was established in the year 2006 and has since become one of the leading players in the Indian cement industry. The Company entered India in 2006 with less than 3 MPTA capacity. Subsequently, the company increased its Capacity from 5.4 MPTA to 6.26 MPTA in 2020. HeidelbergCement, AG entered India in 2006 with the acquisition of erstwhile Mysore Cement, Cochin Cement and a JV with Indorama Cement. Post the restructuring and expansion at its Central India plants, its installed capacity increased. Post-acquisition of Italcementi in 2016, the Group has more than doubled its presence in India. With 4 Integrated Cement plants, 4 Grinding Units and a Terminal, its installed capacity in India now stands at about 14 MPTA.
Heidelberg Cement India's entry into the Indian cement market was a strategic move aimed at tapping into the rapidly growing construction sector in the country. India has experienced a significant growth in infrastructure development over the past decade and this has created a huge demand for building materials like cement. Heidelberg Cement saw the potential in the Indian market and decided to establish a subsidiary in the country.
The company's first plant was set up in Damoh, Madhya Pradesh in 2006 and it quickly established itself as a leading producer of high-quality cement in the region. Over the years, the company has expanded its production capacity and set up a second plant in Andhra Pradesh in 2013. The second plant has further strengthened the company's presence in the southern part of the country and has allowed it to reach new customers.
One of the key factors contributing to the success of Heidelberg Cement India is its focus on sustainability and environmental responsibility.
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