cement

Cement News

Building materials: cement; Strong demand yields good results

Prices during monsoon season is a key factor for industry’s outlook

June 6, 2023 03:20 IST

India Cements’ loss widens to Rs 218 cr on higher cost, lower volumes

The company also had a write off of one-time impairment of certain investments and advances to the tune of `114…

May 25, 2023 01:00 IST

Rating: buy; UltraTech: Robust growth plans without balance sheet leverage

Expected to report 8% CAGR in consolidated volume in FY23-25

May 2, 2023 03:25 IST

Cement companies likely to invest Rs 1.2 lakh cr to add 145-155 MT capacity by FY27: Report

With 570 million tonne (mt) of installed capacity, India is the world’s second-largest cement producer after China.

March 17, 2023 19:03 IST

Adani, Adani Group, manufacturing plants, cement, data centre, Karan Adani, Gautam Adani, capacity, industrial port cities, power projects, investments, infrastructure

Adani to set up cement plants, data centre in Andhra Pradesh

Karan Adani, who is the CEO of the group’s port company Adani Ports and SEZ Ltd and the son of…

March 3, 2023 16:46 IST

Orient Cement terminates agreement with Adani Power to set up a cement grinding unit

Orient Cement, a part of the CK Birla Group, has terminated an agreement with Adani Power Maharashtra Ltd (APML) to…

Updated: February 23, 2023 07:19 IST

cement demand, cement price, input cost, operating margin, affordable housing, infrastructure, price hike, domestic petcoke, recovery, sales volume

Cement demand to grow stronger next fiscal; govt’s infra push, rural housing, road building to help

Cement demand will grow at 7- 9 per cent to ~425 million tonne (MT) in fiscal 2024. The demand already…

February 22, 2023 16:24 IST

GST Council meeting announced for this month, to review GST on cement; check date, other agenda

At a post-budget Confederation of Indian Industry (CII) event, Sitharaman suggested that the GST cut could be a possible step…

Updated: February 10, 2023 17:10 IST

Ambuja Cements Q3 net profit jumps 13% on-year, misses estimates; revenue at Rs 8036 crore

Ambuja Cements Q3 consolidated net profit, revenue failed to beat street estimates despite rising 13% and 10% respectively for the…

Updated: February 7, 2023 15:43 IST

Cement: Demand to pick up from mid-January

Profitability to increase by around Rs 200/ton q-o-q in Q3FY23

January 2, 2023 01:50 IST

JK LAKSHMI CEMENT FLAGGED OFF BLUE ENERGY MOTORS LNG TRUCKS AT A CEREMONY CONDUCTED AT THEIR PLANT IN JK PURAM, SIROHI

JK Lakshmi deploys Blue Energy’s trucks, becomes first company in India to deploy LNG trucks for transportation

The trucks have industry’s first 990-litre fuel tank which provides a range of up to 1,400km in a single fill.

December 28, 2022 16:15 IST

JK Cement, JK Cement rating, JK Cement outlook,

JK Cement Rating: Buy | Strong headstart in paints

Paint segment shares a common channel with White Putty segment

December 26, 2022 01:45 IST

Dalmia Bharat, Dalmia Bharat rating, Dalmia Bharat outlook

Dalmia Bharat Rating: Buy | Deal to help expand footprint

The JAL acquision should be value accretive, but execution will be key

December 19, 2022 02:45 IST

West Bengal, cement industry, cement sector investment

West Bengal seeks more investment in cement sector

The industry has responded positively and at least two companies expressed keenness to invest in the state in the coming…

December 14, 2022 18:46 IST

Dalmia, Dalmia Bharat, Jaypee, Jaiprakash Associates, Dalmia Cement, merger and acquisition, cement, power plant, industry news

Dalmia inks Rs 5,666-crore deal for Jaypee assets; To buy cement, clinker power units

The acquisitions set to boost group’s presence across India

December 13, 2022 05:45 IST

Dalmia Bharat inches closer to third-largest cement maker Shree

According to an investor presentation by Dalmia Bharat made on Monday, central India is an attractive market from the demand-supply…

December 13, 2022 03:30 IST

Dalmia Cement to acquire JP Associates’ cement units, power plants at this much valuation

The acquisition will give Dalmia group an additional 9.4 million tonnes of cement and clinker capacity.

Updated: December 12, 2022 17:19 IST

Cement makers’ net slips on rising fuel & power costs, falling demand in Sept quarter

The fall in demand is generally about 15-20% in Q2, but this time it was “much higher”, another sectoral expert…

October 31, 2022 03:55 IST

Shree Cement elevates Hari Mohan Bangur as chairman, Ambuja ex-CEO roped in as MD

The company reported a 67.18% year-on-year decline in its standalone net profit to Rs 189.60 crore for the second quarter…

October 15, 2022 07:20 IST

Adani group in talks to acquire Jaiprakash Associates’ cement unit for Rs 5,000 crore

The deal will help consolidate the Adani Group’s sudden dominance in the cement sector, which started after it bought Ambuja…

October 10, 2022 11:53 IST

The Russian war with Ukraine and the sanctions imposed on Russia and its exports led to further shortage of coal and oil in the market. (Representative image)

Cement demand likely to be on track albeit cost pressure, says N Srinivasan, MD, India Cements

As in the last two years, the good rainfall reported this year from South-West monsoon season augurs well for improved…

September 28, 2022 18:37 IST

Cement, cement companies, cement sector, cement news, Crisil, cement sector in India, inflation

Cement companies’ profitability seen dipping 15 per cent on input costs

The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector.

Updated: September 26, 2022 20:31 IST

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