Cement Firms

The exceptional income item of Rs 294.28 crore is the profit on sale of investments made in Springway Mining Private Ltd

Himachal Pradesh Industry Minister Harshwardhan Chauhan said that the dispute between the truck operators and cement plant owners will be resolved soon

After acquisition, Dalmia's capacity mix will include 52 per cent in the east, 26 per cent in the south, 16 per cent in the central region and 6 per cent in the west

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Analysts expect H2 to be better and infra spending to be hiked in the Budget; benign energy prices and demand improvement are other triggers

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

While UltraTech, ACC, Ambuja intend to go ahead with capex, Analysts point to volatility in global aluminium prices for Vedanta arm's revised capex guidance

ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%

The combined cement capacity of these units will be 5 million tonnes per annum

Adani aims to become India's top cement company by 2030; rival Ultratech stepping up capacity

India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.

Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers will decline 15 per cent year-on-year to Rs 900-925 per tonne this fiscal, adding to the pain of a 9 per cent decline last fiscal, as an increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production higher, the agency said in a report on Monday. However, the 17 per cent demand growth in cement demand during the first quarter, albeit on the low base last fiscal, offers a silver lining, the report noted, saying though growth may taper in subsequent quarters, and print in at 8-10 per cent for the full fiscal, it will still be the highest since fiscal 2019. O

The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world

Most analysts have a 'sell' or 'reduce' recommendation on the sector

In FY23, the volume for the cement industry is expected to grow by 7-8 per cent to around 388 million metric tonne

Slowdown in construction activity, high inventory levels and cost spike key negatives

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

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

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days

According to industry sources, coal and petcoke prices have increased sharply by 30-50 per cent in the last 6 months due to the Ukraine crisis.