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Cement industry to add 150-160 million tonnes capacity by FY28: Report

Cement industry to add 150-160 million tonnes capacity by FY28: Report

Tue, Jan 23, 2024

Cement demand grew 8 per cent in fiscal 2022 and 12 per cent in FY23. As much as 70-75 MT capacity addition is expected to be commissioned in next fiscal, with 50-55 per cent concentrated in the eastern and central regions.

Ultratech Cement: Growing Home and Overseas Sales in Grey Cement

Ultratech Cement: Growing Home and Overseas Sales in Grey Cement

Tue, Jan 02, 2024

Ultratech Cement: Q3 Business Update, Quarterly and YoY growth in Conso and Domestic sales volumes, Both Domestic and Overseas sales volumes increased in Gray Cement, QoQ and YoY growth in White Cement also

Why are Cement and Real Estate Stocks in Focus? Know the details here

Why are Cement and Real Estate Stocks in Focus? Know the details here

Thu, Oct 12, 2023

Why are Cement and Real Estate Stocks in Focus? Why are cement and real estate stocks in focus? Which cement stocks are in focus?

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Infrastructure growth slows down to 4.8pc in Oct; fertiliser, crude oil decline

Infrastructure growth slows down to 4.8pc in Oct; fertiliser, crude oil decline

Sat, Dec 01, 2018

Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.

Eight core sectors grow 6.8% in November: Commerce Ministry

Eight core sectors grow 6.8% in November: Commerce Ministry

Mon, Jan 01, 2018

The data said the eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Eight core industries IIP rises 2.4% in July

Eight core industries IIP rises 2.4% in July

Thu, Aug 31, 2017

The IIP output of the eight core industries grew by 2.4% in July led by steel which posted the maxium growth of 9.2% during the month.

Eight core industries in IIP saw a 5% growth in March

Eight core industries in IIP saw a 5% growth in March

Mon, May 01, 2017

The eight core industries comprise nearly 38% of the weight of items included in the IIP.

Hoping for a good appraisal? Three reasons why your salary this year won't increase by much

Hoping for a good appraisal? Three reasons why your salary this year won't increase by much

Thu, Feb 23, 2017

Chances are that the employees in India's pay hike is likely to be sub-10% across industries in 2017.

Appraisals this year likely to average at 9.5%, Survey finds

Appraisals this year likely to average at 9.5%, Survey finds

Wed, Feb 22, 2017

Aon Hewitt latest 'Salary Increase Survey' has projected a drop in pay increases to an average of 9.5% across industries in India.

Ambuja Cement's standalone Q4 net profit up 60%

Ambuja Cement's standalone Q4 net profit up 60%

Tue, Feb 21, 2017

"Our rapid adoption of cashless payment methods in December 2016 quarter helped Ambuja to deliver a strong performance in 2016," Ajay Kapur, Chief Executive Officer of Ambuja Cement was quoted as saying in a statement.

Ambuja Cement Q4 result today; Here's what to expect

Ambuja Cement Q4 result today; Here's what to expect

Mon, Feb 20, 2017

Murtuza Arsiwalla and Abhishek Poddar of Kotak Institutional Equities in their report stated that Pan-India players (which also includes Ambuja Cement) are expected to report weaker prices, higher costs and lower volumes due to demonetisation which will result in sequential decline in their earnings.

Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings

Thu, Feb 09, 2017

India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.

CCI's penalty on cement companies to impact their profits

CCI's penalty on cement companies to impact their profits

Fri, Jan 20, 2017

India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”

India Cement's Q2 net profit rises by 62% to Rs 62 crore

India Cement's Q2 net profit rises by 62% to Rs 62 crore

Sat, Nov 19, 2016

Cement manufacturer - India Cements reported net profit of Rs 62.41 crore for the second quarter September 30, 2016, registering growth of 62.10% year-on-year (yoy) and 41.90% quarter-on-quarter (qoq).

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

Wed, Nov 16, 2016

On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Mon, Oct 17, 2016

Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).

ACC shares up 3% as cement grinding unit gets stabilised

ACC shares up 3% as cement grinding unit gets stabilised

Mon, Oct 10, 2016

It said, “Following the completion and commencement of commercial production of the new clinkering line at Jamul in Chattisgarh in July 2016, operations of the new cement grinding unit in Jamul which went into commercial production from September 14, 2016, have also been successfully stabilized.”

Orient Cement to acquire JP's Bhilai plant

Orient Cement to acquire JP's Bhilai plant

Thu, Oct 06, 2016

Orient Cement has agreed to buy Bhilai Jaypee Cement Ltd (BJCL) from Jaiprakash Associates Ltd (JAL), the company said after its board meeting on Thursday.

Products across 6 manufacturing sectors face inverted customs duty: Ficci

Products across 6 manufacturing sectors face inverted customs duty: Ficci

Tue, Aug 30, 2016

Products across six manufacturing sectors such as capital goods, cement, electronics and electricals, among others face inverted customs duty structure that erodes their competitiveness against lower-duty finished product imports and discourages domestic value addition, said Ficci in its latest r

Birla Corp shares fall 3% after Reliance Cement acquisition

Birla Corp shares fall 3% after Reliance Cement acquisition

Tue, Aug 23, 2016

"Birla Corp's expansion potential will also be significantly enhanced by valuable mineral concessions in several states, in addition to Madhya Pradesh," the company said in a statement about the deal.

ACC becomes Ambuja's subsidiary; what's on the road ahead?

ACC becomes Ambuja's subsidiary; what's on the road ahead?

Sat, Aug 13, 2016

Kotak Securities stated that with the deal between majority owners of both the companies, minority shareholders will get to be a shareholder of ACC which is believed to be a less efficient company by market analysts and shareholders.

India's core sector output grows 5.2% in June

India's core sector output grows 5.2% in June

Mon, Aug 01, 2016

The Indian infrastructure sector output in eight "core" industries (ECI) grew by 5.2 % in June compared with the same month last year and 2.8 % growth in May 2016, on the back of overall increase in production except in hydrocarbons, official data showed on Thursday.

Cement prices on the rise despite weak demand

Cement prices on the rise despite weak demand

Tue, Jul 19, 2016

In north, the prices increased by Rs10-20/bag in almost all the states including Rajasthan, Punjab, Haryana, Himachal Pradesh as well as in Delhi. While in central region, the price increases were in the range of Rs18-28/bag in the states of Uttar Pradesh and Madhya Pradesh.

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