Cement Makers

Vedanta Aluminium on Tuesday said it has entered into a long-term pact with Dalmia Cement for supply of industrial wastes such as fly ash and spent pot lining for manufacturing low carbon cement. Under the pact, Vedanta's mega aluminium smelter at Jharsuguda, Odisha will supply around 20 rakes of fly ash every month for five years to Dalmia Cement's manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam, and spent pot lining (SPL) for three years to the company's plant at Rajgangpur, Odisha. Vedanta Aluminium is a preferred supplier of high-quality fly ash to some of the country's leading cement producers, fostering industrial collaboration for the production of low-carbon cement, the company said in a statement. "Strategic collaborations such as this will provide multiple benefits in terms of enhanced quality, sustainability and cost benefits to cement manufacturing, while helping us in gainful waste management. "Our waste-to-wealth initiatives are designed to develop .

Given margin pressure and gradual demand revival, companies with strong balance sheet may gain in long run

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...

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

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

According to ACC, its EBITDA in the quarter 'stood at Rs 16 crore largely due to steep rise in fuel cost' as against Rs 712 crore earlier

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

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

Days after completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country. Adani Group last week completed buyout of Swiss major Holcim's stake in the two firms. Calling the acquisition historic, he said this buyout is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of 4 months. "Our entry into this business is happening at a ..

Shree Cement Ltd on Thursday reported a decline of 55.8 per cent in its consolidated net profit to Rs 278.86 crore for the first quarter ended June 30. The company had posted a net profit of Rs 630.89 crore in the April-June period a year ago, Shree Cement said in a BSE filing. However, its revenue from operations increased 21.45 per cent to Rs 4,414.85 crore during the quarter under review against Rs 3,634.83 crore in the corresponding period of the preceding fiscal. Its total expenses rose 36.71 per cent to Rs 4,019.11 crore in Q1 FY23 from Rs 2,939.88 crore. Shree Cement is the third largest cement-making firm, owning brands such as Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong. Shares of Shree Cement Ltd were trading at Rs 20,150 on BSE on Thursday, down 4.14 per cent from the previous close.

It still beat Q1 estimates despite decline on both YoY and sequential bases

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

Why are top Indian companies vying for Holcim's India assets Ambuja and ACC

The race is on to acquire Ambuja Cements and ACC. Why do India's leading firms want to buy Holcim's stake? And why did the Swiss company decide to quit India which contributes 27% of its global sales?

Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022.

Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh.

Shares of Dalmia Bharat on Wednesday settled at Rs 1,960.45 apiece on BSE, up 1 per cent from the previous close

Investors appear to have paid heed to the negative aspects in the recent past

Shares of cement maker ACC Ltd zoomed over 7 per cent to its 52-week high after the company reported an over two-fold jump in consolidated net profit for the second quarter ended June 2021.