Cement

Price wars led by increasing capacities and aggressive competition may mar prospects

The heavy infrastructure push in the budget will help cement demand log in the third consecutive year of growth next fiscal, taking the volume to 425 million tonne or 7-9 per cent more than the current fiscal, forecasts a report. The Union budget has allocated Rs 10 lakh crore, which is a full 33 per cent more funds than it had allocated for the current fiscal, for building key infrastructure next fiscal. However, operating margin, which has been under pressure, remains clouded with prices of key inputs--coal and pet coke remaining elevated. This will have a bearing on the credit risk profiles of players as well, Crisil said in a report on Wednesday. Cement demand grew 11 per cent on-year in the first 10 months of the current fiscal, led by rapid execution of infrastructure projects and strong traction in the real estate and rural affordable housing segments. The momentum is likely to stay healthy in the remaining months of this fiscal as it is a seasonally strong period for ...

Assam-based Purvanchal Cement has earmarked Rs 200 crore for acquisition and expansion over the next few years, including foraying into markets outside the northeastern region like West Bengal, a senior official said. The Maithon Group company has at present a 0.5-million tonne capacity plant near Guwahati. We are evaluating between brownfield expansion and acquisition preferably with mine rights in the northern part of Assam," Purbanchal Cement MD Vedant Agarwal said. "We have earmarked Rs 200 crore over the next two-three years to fund our expansion. Initially, we are aiming at ramping up our installed capacity to 1 million tonnes," he told PTI. Agarwal said the company is also looking at opportunities beyond the northeast. "There are plans to set up a grinding unit in West Bengal to tap the eastern market demand," he said. The West Bengal government has been wooing manufacturing industries for investment, banking on robust coal deposits, officials said. In recent times, howev

The price of cement is hardening across the country and since August this year, the rates have gone up by Rs 16/per bag, said Emkay Global Financial Services Ltd

Operating profit margins likely to contract by 320-380 basis points to 16.3-16.8 per cent in FY23, says CareEdge Ratings, as input cost pressures remain

The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013

Cement major on track to reach 131.25 mtpa by Q4

Cost pressures a concern, though, as crude, currency volatility remain

Lenders said they are still awaiting the resolution of a debt worth Rs 21,658 crore with Jaypee Infratech -- the real estate arm of the group

For the first time, Nepal has started exporting cement to India

One key question is, has the market already discounted the negatives and is there too much pessimism about the sector?

Premji Invest, Damani pick up minority stakes in smaller cement companies

Expansion plans by most larger players despite glut in markets, fuel price-driven cost pressure and resistance from market to absorb higher cost may force weaker players out

(Reuters) -Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer.

The cement maker plans to serve its key markets of Chennai, South West Tamil Nadu and Kerala from its Kadapa plant in Andhra Pradesh through this initiative

Banks, big tech stocks fall after sharp rally; Amazon climbs after stock split, new buyback plan

Cement maker ACC Ltd on Wednesday reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended on December 31, 2021.

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

The new entity, China Rare-Earths Group, will speed the development of mines in the south, state broadcaster CCTV reported.