Page 4 - Cement Industry

ACC third quarter net profit increases 24% to about Rs 450 crore

Shares of ACC Ltd on Tuesday settled at Rs 2,245.50 on the BSE, down 2.55 per cent from the previous close.

Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

Larger cement companies better placed despite higher valuations

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

Dalmia Bharat chalks out a three-pronged strategy to arrest cost inflation

Dalmia Bharat hopes that a demand pick-up in the coming quarters would allow it to pass on some of the cost to the consumer

BS Number Wise: How many years have we lost to coronavirus?

One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21

Cement players face bouts of weak business as second wave spikes death toll

Only difference now is that industry sales have been 30%, unlike last April, when it hit a zero due to the three-week complete nationwide lockdown, say industry players

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

Higher volumes, price hikes put cement firms on strong footing

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

Cement demand FY22 could surpass 340 mn tonne; highest in a decade: Icra

Sustained rural housing demand and significant pick-up in infra activity seen as key drivers

Cement industry expected to grow 13% by volume in FY22: Crisil Ratings

The cement industry is set to hit a decadal high volume growth of 13 per cent in the next fiscal

HeidelbergCement saw good start to 2021, 2020 core profits up by 6%

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said

ACC Ready Mix launches low-carbon range of eco-friendly concrete products

Launched in Mumbai and Hyderabad, ECOPact range will be rolled out across India in a phased manner in the next few weeks

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

Shree Cements third quarter profit jumps over two folds to Rs 632 cr

Shree Cements on Saturday posted over two-fold jump in consolidated net profit

Gadkari calls for research to explore cheaper options to cement, steel

This comes amid rising steel prices in the country

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 manufacturers accuse builders of misleading govt, cartelisation

The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation

Cement demand expected to rise by up to 20% in fiscal 2022: Icra

Cement demand is expected to increase by up to 20 per cent in the next fiscal year with volume touching FY19-FY20 levels, rating agency ICRA said

Big steel, cement companies are operating as a cartel: Nitin Gadkari

It will be difficult to achieve Prime Minister Narendra Modi's dream of making India a $5 trillion economy if the steel and cement prices keep going up, Gadkari said