Page 3 - Cement Industry

Centre reduces import duties on steel, cement: Here's what realtors say

Owing to the surge of property prices, the realty sector has been urging the Centre to take necessary measures that will ease the burden on the developers.

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.

JK Cement plans to raise up to Rs 500 cr via non-convertible debentures

JK Cement Ltd plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches. The company's board has recommended the proposal in this regard for approval of shareholders in the next AGM of the company. The fund raising will be at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing, said JK Cement in a regulatory filing. Besides, the board has forwarded the request from certain individual/company belonging to persons acting in concert with Promoters Group seeking reclassification of their shareholding in JK Cement to Public Category. For the quarter ended March 31, 2022, JK Cement, the promoter & promoter group, held 45.82 per cent stake in the company. The company had on Saturday reported 6.93 per cent fall in consolidated net profit at Rs 199.44 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 214.31 crore for the ...

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

Cementing growth

Adani Group is increasing its stake in the India story

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

Cement industry may be on recovery path as margin pressures ease

Share price of major companies are up 10-18% in the last one month, but analysts target prices suggest more upsides ahead

Should investors buy cement stocks post recent market correction?

The commodity price rise has begun weighing on most sectors. One such industry is cement, which is facing the heat of high input costs. Given the uncertainty, how can investors play the theme?

TMS Ep135: Inflation, Covid-induced changes, cement stocks, gig economy

Will India Inc pass on the rising input cost to consumers? Are Covid-induced changes here to stay? Should investors buy cement stocks post recent correction? What is the gig economy? All answers here

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.

Demand recovery crucial to fill up cracks in cement sector

Dec qtr results were disappointing as costs escalated and volumes came under pressure

India Cements Q3 net dips 76% to Rs 16 cr on rain, Covid disruption

The company's revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore

Budget 2022: Cement sector may shine with infra announcements, say analysts

Schemes to develop rural infrastructure and boost incomes, coupled with an extension of real estate incentives, would be key triggers for the sector in the Budget

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

SICMA urges FM Sitharaman for higher duty on cement and clinker imports

The cement industry contributes around Rs 30,000 crore to the government exchequer per year in the form of good and service tax

SICMA requests FM to facilitate movement of cement to deficit regions

South India Cement Manufacturers' Association has urged the Centre to facilitate movement of cement in the country by providing a telescopic railway freight service

Q3FY22 likely to be weak for cement cos, but prospects look good thereafter

Cement demand has not picked up after the festive season, and sales volumes in Nov 2021 are 18-20% lower than Oct 2021 levels, which is far lower than the historical average of 6%

Cement price likely to increase by Rs 15-20 per bag, says Crisil

The rise in price has been attributed to inputs commodity cost pressure such as coal and diesel supported by rising demand

Dalmia Cement to set up Rs 577 crore plant in Jharkhand's Bokaro

The work on the project will commence in November

Dalmia Bharat second quarter profit down 10% to Rs 209 crore

Shares of Dalmia Bharat on Wednesday settled at Rs 1,960.45 apiece on BSE, up 1 per cent from the previous close