Page 2 - Cement Companies

Adani-Holcim deal: Analysts expect Ambuja and ACC to merge in medium-term

Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, analysts said

IIT Madras develops structured model for bacteria-based cement production

The product has the potential to reduce CO2 emissions

Holcim considering potential sale of India's $9.6 bn Ambuja Cements

Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions

Nuvoco Vistas surges 30% in 3 days after promoter increases stake

On February 25, 2022, Niyogi Enterprise Private Limited, one of the promoters of Nuvoco Vistas, purchased 68,222 equity shares of the company via market purchase

Rising input costs to hit cement companies' margins by 200-230 bps: ICRA

Rise in input costs for cement manufacturers is expected to hit the sector's overall operating margins by 200-230 basis points in FY22, ratings agency ICRA said

Coal diversion to power firms leaving non-power ones fuel-starved: ICPPA

Any power outage in aluminium plants will lead to catastrophic impact and complete shutdown

Cement companies expect demand to pick up from Dec as rains recede

Heavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged volumes across sectors during festivals.

Markets today: Will price hike in Delhi-NCR de-rail rally in cement stocks?

Shares of cement companies have delivered impressive returns. But they are now announcing rate cuts, especially in the Delhi-NCR region. Will this halt the rally in cement shares? Let's find out

Larger cement companies better placed despite higher valuations

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

Nuvoco Vistas hits new high, trades above issue price for first time

The stock was trading above its issue price of Rs 570 for the first time since listing

Outlook for Cement companies remains strong; analysts bullish about sector

Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter

Vedanta invites partnership from cement companies for by-products

Vedanta on Monday said its aluminium vertical has invited partnerships from cement producers like ACC, UltraTech Cement and JK Cement to use its by-products for manufacturing low-carbon cement.

Cement firms set for blockbuster quarter; realty to boost top line growth

Demand remained strong in East, North, and Central India, while the West showed signs of revival

50 mtpa capacity expansion plan is going in right direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants

UltraTech Cement jumps 5%, hits new high on solid December quarter results

The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020

Profits had been falling for Jagan Mohan Reddy family cement firm

Bharathi Cement, part-owned by AP chief minister's family, faces allegations of getting bulk of state govt orders

Cement stocks fall after CCI raids on allegations of price cartelisation

This will not impact positive sentiment in the sector, say analysts

Analysts expect muted YoY performance in Q2FY21 from India Inc

As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections

Covid-19 impact: Recovery for cement erratic, but margins may hold

A combination of reduced overhead expenses and cut in fuel cost could help shield margins.

JSW's common hub for steel and cement to clock in Rs 2,300 crore this year

Firm says the hub will be the largest of its kind in Asia, with a current stocking capacity across both products of about 2 mn tonnes a year