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Cement Firms

Aided by subsidiary sale, India Cements record net profit of Rs 90.73 crore

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

Aided by subsidiary sale, India Cements record net profit of Rs 90.73 crore
Updated On : 03 Feb 2023 | 12:57 PM IST

Hoping to resolve dispute between transporters, cement factories: HP Min

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

Hoping to resolve dispute between transporters, cement factories: HP Min
Updated On : 21 Jan 2023 | 11:27 PM IST

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

Acquisition of JP's cement capacity a good long-term move by Dalmia
Updated On : 13 Dec 2022 | 11:42 PM IST

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...

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies
Updated On : 13 Dec 2022 | 11:01 PM IST

There's upside potential in Cement sector as prices rise across regions

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

There's upside potential in Cement sector as prices rise across regions
Updated On : 09 Dec 2022 | 11:37 PM IST

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

Top listed cement companies' margins, profits lowest in a decade
Updated On : 21 Nov 2022 | 10:51 PM IST

Cement firms raise FY23 capex amid cost pressure, aluminium cos trim plans

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

Cement firms raise FY23 capex amid cost pressure, aluminium cos trim plans
Updated On : 07 Nov 2022 | 6:05 AM IST

India Cements looks to fortify base but future growth remains a question

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%

India Cements looks to fortify base but future growth remains a question
Updated On : 28 Oct 2022 | 11:08 PM IST

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

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

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP
Updated On : 11 Oct 2022 | 3:42 PM IST

Adani to buy Jaypee cement units; JSW buys India Cements' MP unit

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

Adani to buy Jaypee cement units; JSW buys India Cements' MP unit
Updated On : 10 Oct 2022 | 9:12 PM IST

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh

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.

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh
Updated On : 30 Sep 2022 | 10:41 PM IST

Cement firms' profitability seen dipping 15% on input costs: Report

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

Cement firms' profitability seen dipping 15% on input costs: Report
Updated On : 26 Sep 2022 | 7:36 PM IST

Adani group overtakes Tatas to be India's most valued conglomerate

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

Adani group overtakes Tatas to be India's most valued conglomerate
Updated On : 16 Sep 2022 | 11:37 PM IST

With Q2 history against them, cement stocks' valuations looks stretched

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

With Q2 history against them, cement stocks' valuations looks stretched
Updated On : 19 Aug 2022 | 11:31 PM IST

Cement firms to see lowest operating margins in seven years: ICRA

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

Cement firms to see lowest operating margins in seven years: ICRA
Updated On : 02 Aug 2022 | 1:14 AM IST

Building material players take a demand, margin hit in June quarter

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

Building material players take a demand, margin hit in June quarter
Updated On : 21 Jul 2022 | 10:40 PM IST

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

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%
Updated On : 20 Jul 2022 | 1:25 AM IST

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?

Market may be pricing in negatives for cement sector as demand stays flat
Updated On : 29 Jun 2022 | 11:16 PM IST

Adani Group in advanced talks to acquire Holcim businesses in India

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

Adani Group in advanced talks to acquire Holcim businesses in India
Updated On : 27 Apr 2022 | 12:32 AM IST

Russia-Ukraine conflict: Cement prices expected to increase by 6-13%

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.

Russia-Ukraine conflict: Cement prices expected to increase by 6-13%
Updated On : 22 Apr 2022 | 11:44 PM IST