Page 2 - Cement Makers

Net profit of big cement firms surges 29.6% in pandemic-hit FY21: Report

Pandemic-hit FY21 has turned out to be a good year for the big cement companies

Orient Cement surges 10%, hits 52-week high on strong Q4 results

The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions

Cement makers condemn builders' strike over input cost hike issue

Accuse builders of spreading misinformation among the public in order to further increase real estate prices, which are already at unaffordable levels

UltraTech Cement June quarter profit down 36 per cent to Rs 806 cr

The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown

Demand set to reach pre-Covid levels by Q3 or Q4 in some sectors

In others, it's too early to predict; while in some, once pent-up demand has been satisfied, it could fall again

Cement companies face hard truths as revival looks tough due to Covid-19

Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough

Covid-19's impact on demand, supply to undermine cement manufacturers

Cement demand is expected to contract by 10-15 per cent in FY21 in base case scenario, and up to 25 per cent if the situation worsens

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

Indian cement makers race ahead of China's

India's top cement makers are valued at $52 bn compared with Chinese industry's market cap of $48 bn