Page 4 - Cement Sector

Cement manufacturers accuse builders of misleading govt, cartelisation

The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation

Cement factories exploiting real estate market situation: Nitin Gadkari

Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari on Saturday lashed out at Cement factories and said they are exploiting the present situation real estate market.

This cement stock has underperformed Sensex since listing; will tides turn?

Analysts see up to 23 per cent upside in the stock over its last close of Rs 102.30

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

Cement stocks fall after CCI raids on allegations of price cartelisation

This will not impact positive sentiment in the sector, say analysts

L&T wins orders for supply of mining equipment to coal, cement sectors

S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry

UltraTech Cement shares close with over 4% gain on investment plan

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity

India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

Cement prices which started improving from the month of April'20 sustained during the second quarter under review with only marginal aberrations in some of the southern states

Cement shares in demand; ACC hits fresh 52-week high, Shree Cement up 6%

Analysts expect the cement industry to witness positive growth in the second half (October-March) of the current fiscal led by strong demand from the sustainable rural trade segment.

Odisha govt approves investment proposals worth over Rs 1,851 crore

The projects got the go-ahead at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy.

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

Companies' total expenditure plummets 24% in three months to June

Some of this may have to do with pruning of some costs that they would have otherwise incurred, had business been normal; analysis looked at 402 firms that have declared June results

Ramco Cements slips over 2.5% as Q1 PBT drops 43% to Rs 157.5 crore

The company said the progress of the ongoing capex programme has been delayed due to Covid-19.

Corporate contraction

Recovery depends on how quickly the pandemic is contained

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

Improving profitability, low valuations offer comfort in UltraTech

Strong cost controls, lower diesel, petcoke and coal prices helped

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

Coronavirus impact: Cement sector to see double digit dip in volumes

For the cement sector, recovery would be prolonged by the depressed real estate sector, muted spends on Pradhan Mantri Awas Yojana (Urban) and lower Capex (capital expenditure) by the government

Emami sells cement biz to Nirma. What it means for the stock and sector?

In December last year, Emami Cement had filed for its IPO with market regulator Securities and Exchange Board of India (Sebi) to issue fresh equity shares worth Rs 500 crore

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