Page 5 - Cement Industry

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

JSW Cement arm to invest over Rs 1,500 cr to set up clinker unit in Odisha

The plant will have an annual capacity of 1.36 million tonne

Shree Cement's superior Q2 show will help sustain premium valuations

With the company's cost leadership being maintained, it reported much better per tonne operating profit

Hindalco turns environment-harming product into a money-minting resource

The aluminium maker's breakthrough in regenerating red mud for the construction industry addresses a serious environmental concern

Demand recovery hope, price hikes brighten outlook of cement players

UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks

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.

India Cements re-appoints Rupa Gurunath as whole time director for 5 yrs

Gurunath holds chairmanships/directorships in Coromandel Travels Ltd, Coromandel Electric Company Ltd., ICL Shipping and India Cements Infrastructures Ltd

Cement industry has started recovering: India Cements MD Srinivasan

The Indian cement industry has started recovering from the impact of COVID-19 helped by pent-up demand and improved rural markets, India Cements Vice-Chairman & Managing Director N Srinivasan said. The company expects an uptick in demand on the back of government's push towards infrastructure projects such as construction of highways, rural infrastructure and irrigation projects, Srinivasan said while addressing the 74th Annual General Meeting of India Cements Ltd (ICL). "The industry has started recovering slowly from May 2020 given the pent-up demand and the improved rural demand," Srinivasan said while addressing the shareholders virtually. During the first quarter of FY2021, Andhra Pradesh and Telangana governments re-started their infrastructure projects and housing for poor schemes. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This along with pick up ..

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday

Cement demand expected to decline by 10-15% in Q2 2020: India Ratings

Rural demand will continue to outperform urban demand and companies having higher individual home builder exposure will remain better placed

JK Cement Q1 net profit down 62.25% to Rs 50 cr due to Covid-19 lockdown

The company had posted a net profit of Rs 132.30 crore in April-June period a year ago, JK Cement said in a regulatory filing

Cement demand likely to shrink by up to 25% in FY21 due to lockdown: Icra

While rural housing and infrastructure projects in remote areas would support cement consumption, urban-led demand is headed for a slowdown

Covid-19: ACC profit down 40.5% to Rs 270 cr in Apr-Jun, sales fall 37.2%

The company, which follows a January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago

Radhakishan Damani looks to acquire controlling stake in India Cements

Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder

As unlock looms, capacity utilisation improves for steel, cement companies

For cement companies, easing of logistical hurdles and improved workers' availability have helped move production levels in May

India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent

It's back to business for industry, but not quite 'business as usual' yet

From high-end cars and mobiles to steel and cement, demand is rising

Shree Cement's March quarter shows why it commands rich valuations

Highest margins, strong balance sheet, high free cash flow are well priced in

Covid-19 impact: Demand collapse derails infra, services sectors' growth

While a slowing economy had led to deceleration in demand, the lockdown has increased the pain, besides resulting in labour shortages and delay in project execution