Cement

Cement stocks riding high on hopes of higher demand, capex push

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

Cement firms set for 3rd year of growth, volume seen jumping 7-9% in FY24

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 ...

Purbanchal Cement lines up Rs 200 crore for expansion, Bengal in roadmap

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

Cement companies plan to raise prices by Rs 10-15 per bag in Dec: Report

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

Price hikes may not stall cement companies' profit dip: CareEdge

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

Top listed cement companies' margins, profits lowest in a decade

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

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

Cement cos regain pricing power as demand improves from infra, construction

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

Sale of cement units to Adani group a relief for Jaiprakash lenders

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

Nepal exports over 3,000 sacks of cement to India for first time

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

Market may be pricing in negatives for cement sector as demand stays flat

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

Billionaires bet on Indian cement sector for big ticket investments

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

Adani-Holcim deal may trigger consolidation in cement industry: Experts

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

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(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.

Bharathi Cement, Concor join hands for rail-cum-road bulk transportation

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

Wall St drops as Feb inflation data cements rate hike bets

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

Cement maker ACC Q4 consolidated net profit down 40.5% to Rs 280.85 cr

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.

UltraTech Cement shares jump nearly 3 pc after earnings announcement

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

Domestic cement industry poised for demand recovery in construction season

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

China cements rare earths dominance with new global giant

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