Page 7 - Cement Industry
CMA inks pact with trade unions for Rs 5,000 hike in cement workers' wage
The settlement is for four years from April 1, 2018, to March 31, 2022, and it will benefit around 20,000 employees in the Indian cement industry
 "CMA inks pact with trade unions for Rs 5,000 hike in cement workers' wage")
Cement stocks: Street hopeful of a better future driven by pricing gains
UltraTech, which has continued growing its capacities, is best placed to take benefits of the cement upcycle
 "Cement stocks: Street hopeful of a better future driven by pricing gains")
After asset buying, Indian cement companies shift focus to marketing
The country's annual cement production capacity was nearly 455 million tonnes (mt) as of 2017-18
 "After asset buying, Indian cement companies shift focus to marketing")
Cement industry may post flat 5% growth in FY19 despite pick-up in demand
Sand availability issues persist in Rajasthan, Uttar Pradesh, Bihar, Tamil Nadu, which are adversely impacting demand in these regions
 "Cement industry may post flat 5% growth in FY19 despite pick-up in demand")
End of mega consolidation in cement sees a new pecking order emerge
Jaypee Group, Lafarge India out from top-ten list; Ultratech, Dalmia Bharat and Shree Cement strengthen their positions in it
Projects like bullet train to help boost demand for cement: CMA
According to Cement Manufacturers Association, industry has 100 million tonnes of excess capacity
 "Projects like bullet train to help boost demand for cement: CMA")
India faces headwinds from China's cement success
The Chinese capacity of producing cement at 3.5 bt is nearly ten times bigger than India's
 "India faces headwinds from China's cement success")
Cement majors to move Tribunal against CCI order
CCI imposed fine of Rs 205.73 cr on all 7 cos for allegedly quoting higher rates than existing rates
 "Cement majors to move Tribunal against CCI order")
Fuel cost surge hits cement firms
While input costs have risen, the price of cement has come down
 "Fuel cost surge hits cement firms")
Cement players look at east India for growth
Of the cement national production of 300 million tonnes (mt) per annum, the contribution of east India with 55 mt capacity is 17-18 per cent
 "Cement players look at east India for growth")
Cement cos may report healthy earnings growth in Q1: report
Strong price improvement, moderated volume growth, lower power and fuel cost to boost numbers, says Kotak report
 "Cement cos may report healthy earnings growth in Q1: report")
UltraTech, Jaypee revise cement deal to Rs 16,200 crore
The March deal revision had excluded the 1.2-million tonne plant in Karnataka
It's the end of earnings downgrades for cement
Recent price increases should improve profitability
 "It's the end of earnings downgrades for cement")
Mines law hurdle for big cement buyout
The MMDR Act prevents transfer of mines unless granted through auction; firms appeal to govt for amendment
 "Mines law hurdle for big cement buyout")
Capacity jostling in cement industry
UltraTech, Dalmia Bharat, CRH and JSW in fray for 42 mt of consolidation opportunity in sector, with PE entities also seeing an unusually profitable opportunity
 "Capacity jostling in cement industry")
