Cement Companies

Steel, power cos bag major slice of blocks auctioned in 6th coal auctions

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola - VI mine in Madhya Pradesh (MP). Jindal Power won Gare Palma Sector - I, Gare Palma IV/2 and Gare Palma IV/3 coal mines located in Chhattisgarh. Rungta Sons Private Limited has bagged Sakhigopal B Kankili and Chhendipada (Revised) blocks in Odisha, and Choritand Tiliaya in Jharkhand. RCR Steel Works won Patal East (Eastern Part) located in Jharkhand, Orissa Metallurgical Industry has secured Kagra Joydev mine in West Bengal. Cement companies Ambuja Cements Limited won Dahegaon-Gowari mine in Maharashtra, Ultratech Cement got Arjuni East in Madhya Pradesh, Dalmia Cement (Bharat) won Mandla North in Madhya Pradesh, Rama Cement Industries got 1 Marwatola VII mine in

Cement firms may invest Rs 1.2 trn to add 145-155 MT capacity by FY27

The continuing demand for housing, accounting for 60-65 per cent of cement demand, and aggressive government investments in infrastructure will drive demand, nudging cement-makers to add 145-155 MT in fresh capacity at an investment of Rs 1.2 lakh crore by FY27, according to a report. With 570 million tonne (mt) of installed capacity, India is the world's second-largest cement producer after China. Between FY12 and FY23, the installed capacity grew by a whopping 61 per cent to 570 MT from 353 MT in FY12 -- a net addition of 217 MT from 2013 to 2022 -- and FY22 saw the highest capacity addition of 34 MT. Cement companies are expected to go on an expansion spree, and add 145-155 MT capacity between FY 2023 and 2027. That translates to a 4-5 per cent compound annual growth rate on a high base. A robust 6-7 per cent CAGR expected in demand over these five fiscals will encourage the growth in supply, Crisil said in a note. The expected 145-155 MT of fresh capacity addition will entail a

Q3 results preview: Cement sector profits seen weak despite strong sales

While improving demand has strengthened sales growth of cement firms, input costs have declined marginally: Analysts

Acquisition of JP's cement capacity a good long-term move by Dalmia

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

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

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...

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

ACC promoter entity Ambuja Cements frees NDU on shares of company

After the release, the total promoter holding pledged with lenders now stands at 2.16 per cent from 52.21 per cent earlier

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

India Cements posts Q2 loss of Rs 113 cr on input cost spike, lower volumes

Revenue from operations up 7% YoY; firm had posted Rs 30 cr profit a year ago

Cement companies mull price hike of Rs 10-30 per bag in November: Report

On a month-on-month (MoM) basis, prices rose by 2-3% in the East and South, and about one per cent in the West; while declining 1-2% in the northern and central regions, the report said

Top Headlines: Starlink services in India, partial treatment to EV makers

Start-ups manufacturing electric two- and three-wheelers have alleged they are not getting subsidies under the second phase of the FAME II scheme

Cement stocks snap six-day losing streak; India Cements soars 10%

The higher demand will mitigate the impact of lower profitability on absolute operating profits and cash accruals of cement makers, cushioning their credit profiles, Crisil Research said

Despite low demand, Street waking up to cement sector's improving prospects

Investors may consider companies with industry-leading growth and profitability

Ambuja Cements hits new high ahead of closure of Adani Group's open offer

The stock has surged 17 per cent in a month ahead of the closure of Adani Group's open offer on Friday, September 9

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%

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

Cement maker ACC's profit tumbles 60% in April-June, revenue rises 15%

Bloomberg consensus estimates had pegged net profit at Rs 296 crore and revenue at Rs 4,390 crore for the period under review

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?

Cement prices may fall after excise duty cut on fuel, helping infra sector

Shree Cement says will take a cut of Rs 5 per bag and other companies are expected to decide soon.

Infra, cement cos feel pinch of falling rupee, realty counts on more sales

Despite rise in interest rates and property prices, momentum in housing demand expected to stay, say developers; infra, cement companies remain circumspect