Page 2 - Cement

Q3FY22 likely to be weak for cement cos, but prospects look good thereafter

Cement demand has not picked up after the festive season, and sales volumes in Nov 2021 are 18-20% lower than Oct 2021 levels, which is far lower than the historical average of 6%

Cement price will rise as cost of coal is up, says India Cements

The India Cements Ltd on Wednesday said price of cement would increase

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

Shree Cement: In-line Q1, robust outlook

Industry leading margins should help the company amid govt's infra push and expected pickup in construction activity

Outlook for Cement companies remains strong; analysts bullish about sector

Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter

Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

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

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

SICMA assures govt of making cement available at reasonable price point

The 25-member body also said it is closely working with Tamil Nadu govt in making cement available at concessional price to the weaker sections of the society

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April

ACC, Cipla: 66 stocks from Nifty 500 index are showing weakness on charts

Few pharma stocks are expected to weaken at higher levels.

UltraTech Cement nears record high on healthy demand outlook

In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex.

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

NTPC begins bulk supply of fly ash using new infra from UP cement plants

During the financial year 2019-20, almost 44.33 million tonnes of fly ash was utilised for various productive purposes, being 73.31 per cent of the ash generated

HeidelbergCement to keep lid on costs after solid start in third quarter

HeidelbergCement, the world's No 2 cement maker, said it would continue to tighten its purse strings in the wake of the coronavirus crisis after a good start to the July-September quarter.

Higher prices, lower costs to cushion Cement firms in June quarter

Virus-led disruption, availability of labour major concerns

Covid-19 impact: Cement companies resume ops with minimal production

UltraTech Cement, as well as other companies like Dalmia Bharat Cement, Heidelberg Cement India and others, said that partial operations at some of the companies' plants have resumed

Cement capacity in India expected to cross half a billion tonne this year

Currently, the installed capacity is 485 mtpa and with the new additions, it will rise to 508 mtpa in 2020

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

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

Recovery unlikely for cement and capital goods sectors before Q3

Industry volume declined in the June quarter