Page 6 - Cement Industry

After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

Covid-19 impact: With retail shut, cement and stocks pile up at factories

Starting construction may have no impact on demand if the loha and cement mandis don't open

ACC's strong operating performance lifts sentiment amid Covid-19 lockdown

Despite the lockdown impacting volumes, lower costs drove earnings and beat expectations

UP allows 9 industries to operate at 50% capacity amid Covid-19 lockdown

These industries include cement, steel, chemical, textile barring garments, foundries and a few others

Working capacity at 25% may be unviable as industry awaits end of lockdown

Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.

Shipping Ministry protocol for vessels to hurt cement industry importers

According to the protocol rolled out over the weekend by the ministry, vessels arriving at Indian ports from infected countries within 14 days have to be quarantined for 14 more days.

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

But future order book of the firms looks bleak

Coronavirus impact on us relatively limited: Sameer Nagpal CEO Dalmia-OCL

In refractories, the raw material supply chain is very much dependent on China. There have been some minor disruptions but not any major impact on the supply chain side

Cement players with focus on North and Central India remain better placed

Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent.

India Cements posts Rs 5.37 cr standalone loss in Q3 on poor demand

First loss for the company in 19 quarters; total income, Editda also dip

Cement sector growth declines to 2% in 2019, say industry experts

The demand for cement in India has gone up to 400 million tonnes (MT) from 30 MT four decades back

Path still unclear for cement stocks amid subdued pricing, weak demand

While capital expenditure by government should aid demand in March quarter, a meaningful demand revival is unlikely anytime soon

Cement demand fizzles out in 2019, recovery expected only in H2FY21

All India cement volume growth between April and September declined in the range of 2 to 4 per cent. The sector is expected to end both the calendar as well as the financial year with flat demand grow

Sturdy volumes, market share gains to boost Dalmia Bharat's prospects

Analysts at Anand Rathi say that with fresh capacities coming up and prices in the East rising, they expect volume and revenue growing well over FY19-21

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year

ACC delivers a decent performance amid demand and liquidity challenges

The operating performance should see some benefits from decling raw material costs, however demand recovery holds key for significant upside

Q2 earnings preview: Long rain spells bad news for cement companies

The current financial year has so far been an anomaly for the cement sector with a decline in demand growth seen in Q1

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

Birla Corp to increase focus on premium cement brands to boost profits

The company introduced several premium brands in the first quarter of the current fiscal year

ACC, Ambuja and Shree Cement likely to see volume decline of 4-13%

Having witnessed a strong demand environment during H2FY18 till FY19, domestic cement firms are likely to report subdued sales volume in Q1FY20