Page 2 - Cement Production

Birla Corporation plans to raise to 30 mn tonnes by 2027

The increase is a new target set by the company, which had earlier said it would raise production to 25 mt by 2025

ACC Q2 net profit up two-fold to Rs 569 cr; revenue up 49% to Rs 3,885 cr

Cement maker ACC Ltd on Monday reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

ACC consolidated Q4 PAT up 74% to Rs 563 cr on highest ever revenue surge

Company says its cost efficiency project 'Parvat' is on track and has helped in managing some continuing cost headwinds

Ambuja Cement's strategic plan on track to expand capacity at 50 MTPA

Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity

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

Analysts bullish on cement stocks on sustained demand, price hikes

Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.

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

Strong volumes seen leading Q3 revenues for domestic cement players

Weak pricing, higher cost of production to hurt EBITDA/tonne of large players

Cement prices in southern India rise 18% over strong production discipline

Prices in Maharashtra are up by around 10 per cent at Rs 354 a bag, supported by higher prices in the South, which is a key supplier

Core sector shrinks eighth month in row, sharper sequentially in October

Contraction due to decline in production of crude oil, natural gas, refinery products and steel

Demand recovery hope, price hikes brighten outlook of cement players

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

After three price corrections, cement firms wait for hikes in Sept, Oct

Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising

India Cements PBT drops by 75% to Rs 26.06 in Q1, blames lockdowns

Company shut down operations late March, when govt announced the first nationwide restrictions to contain the coronavirus

Cement sector: If demand fails to pick up, stocks may come under pressure

Going ahead, raction in rural demand should continue in the back of good crop, normal monsoon, labour availability and government's welfare schemes

JSW Cement defers listing, expansion plans further amid Covid-19 crisis

The original plan was to evolve into a 20 mtpa company by 2020

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

All eyes on May indicators

The high speed indicators, as the lockdown eases, may offer clues on the strength of the future rebound

Raw material prices, cost controls prop up Ambuja Cements, ACC's March qtr

Expansions, strong balance sheet and attractive valuations are supportive at a time when demand outlook is uncertain