Page 2 - Cement Firms

Housing prices up 3-7% in top 8 cities in 2021; new launches up 75%: Report

Housing prices increased in the range of 3-7% last year across eight major cities due to rise in rates of construction raw materials like cement and steel, says property brokerage firm PropTiger.com.

Net profit of big cement firms surges 29.6% in pandemic-hit FY21: Report

Pandemic-hit FY21 has turned out to be a good year for the big cement companies

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

Cement firms set to report volume growth despite price moderation

The domestic cement industry has seen an average utilisation of 65 per cent over the last 5 years, said industry experts

Cement shares soar on govt's infra push; UltraTech, Shree Cement up 8%

The huge thrust on infrastructure spending by the government in the Budget 2021-22 bodes well for construction materials such as cement and steel

Cement stks dip as CCI raids cement cos on price cartelisation allegations

The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour

After three price corrections, cement firms wait for hikes in Sept, Oct

Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising

Firm realisations, cost control boost ACC's performance in June quarter

Valuation of 7.6x its CY21 EV/Ebitda and EV/tonne of $79 appears attractive

Cement firms hike prices even as expansion plans come to a grinding halt

Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

Railways asks cement firms to empty freight trains for supply of essentials

With the lockdown in place, the national transporter is using about 50-60 rakes per day to ferry food grains but there is demand for more, the sources said

Coronavirus impact: Cement firms close units, say no shortage for now

But future order book of the firms looks bleak

Cement and steel firms hike prices as construction demand picks up

Some industry players, however, warn that price recovery is supply-led and not demand

Street cuts FY20 growth estimate as demand woes continue for cement players

Prices remain on a declining trajectory, slowdown in government projects led by delay in payments continues to hurt industry

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

Mangalam Cement stock zooms 20% on robust June quarter results

The company reported a net profit of Rs 33 crore for June quarter against net loss of Rs 15 crore registered in the year- ago quarter.

Cement firms use waste in fuel mix as they look to rejig their sourcing

The company has adopted Geocycle as a co-processing technique for industrial and other wastes at its kilns

Cement utilisation improves as capacity addition returns

Demand recovery in certain regional pockets pushing fresh investment

No cheer for cement makers in FY19, rising costs to hit profitability: Icra

India's 460 million tonne cement industry, world's second largest, is likely to continue facing tough times in 2018-19 too. Hit by gross mismatch in supply and demand for nearly a decade now leading to poor capacity utilisation of less than 70 per cent, the sector growth has remained stunt at lower digit growth trajectory.Now, despite government's impetus on infrastructure development, the sector may face pressure on its profitability given the rising costs of input materials and capacity utilisation will hover around 65 per cent, says a report from rating agency ICRA.According to the report, the cement makers have witnessed rising energy and freight costs on the back of higher prices of pet coke, coal and diesel during the first half of 2017-18. "The pet coke prices have risen by around 32 per cent in first half of FY18 on a year-on-year basis while coal prices have increased by 44 per cent which has resulted in higher power and fuel expenses during the period," says Sabyasachi ...

Price hikes won't lead to gains for cement firms

The increase after six months of decline should only help neutralise cost pressures