Page 5 of cement

Acquisition, cement company, Industry, Ultatech, Adani, Cement

Acquisition valuations jump in cement sector

Most of the significant acquisitions since Adani’s entry into the segment in 2022 have been concentrated in the south, or…

October 24, 2024 03:00 IST

Adani Group, Ambuja Cements, solar power, power cost, green power

Adani Cements to acquire 46.8% stake in Orient Cement at Rs 8,100 crore equity value

Ambuja Cements will purchase a 46.8 per cent stake in OCL from its existing promoters and select public shareholders for…

October 22, 2024 11:04 IST

ACC Ltd, Q3 results, profit, revenue, EBITDA, volume growth, cement sector, cement demand

Cement demand to grow at a moderate pace of 7-8% this fiscal

During the first quarter of this fiscal, India’s cement demand grew only by around 3 per cent, owing to an…

October 14, 2024 15:41 IST

cement, cement companies, cement industry, cement prices, price hike, earnings, demand slowdown, general elections, monsoon, M&A activities, capacity addition, consolidation

Cement companies hike prices amidst demand slowdown, earnings downgrades; Will it sustain?

Cement prices have corrected for the last nine consecutive months (Nov 2023 to July 2024) amid higher competitive intensity followed…

September 2, 2024 11:13 IST

cement industry, cement prices, cement makers, demand, infrastructure development, capex, capacity additions

Cement makers to undertake Rs 1.25 lakh crore capex over fiscals 2025-2027, driven by healthy demand outlook

Cement makers are expected to undertake capex worth around Rs 1,25,000 crore over fiscals 2025-2027. The projected outlay will be…

August 22, 2024 13:32 IST

Ambuja Cements completes acquisition of Penna Cement, PCIL now a subsidiary of company

Valued at Rs 10,422 crore, the 100 per cent acquisition of shares of PCIL is expected to expand the market…

August 16, 2024 14:55 IST

Adani Group, Ambuja Cements, cement grinding unit, investment, Bihar, infrastructure, job creation, environmental clearance

Adani-owned Ambuja Cements to invest Rs 1600 cr to set up cement grinding unit in Bihar; to create 250 direct and 1000 indirect jobs

The Warisaliganj cement grinding unit project will be implemented in three phases with the first phase of 2.4 MTPA at…

August 4, 2024 13:07 IST

Adani-owned Ambuja Cements reports Q1 profit decline of 30.5% at Rs 789.63 crore, revenue at Rs 8311.48 crore

Ambuja Cements posted revenue from operations at Rs 8311.48 crore, down 4.6 per cent as against Rs 8,712.90 crore during…

July 31, 2024 13:17 IST

JK Cement posts Q1 profit jump of 65.6% on-year to Rs 185.31 crore

JK Cement posted revenue from operations at Rs 2,807.57 crore, up 1.6 per cent as against Rs 2,762.63 crore reported…

July 20, 2024 19:13 IST

Cement Industry: Elections, heatwave to impact Q1FY25; volumes seen up 7-8% in FY25

The elections, heatwave situation and excess rainfall in some states that had impacted the demand, per a report by InCred…

July 5, 2024 13:40 IST

UltraTech Cement, India Cements, acquisition, stakes, cement industry, cement manufacturing, production capacity, expansion, Kesoram Cement

UltraTech Cement to acquire 23% stake in India Cements for Rs 1885 crore

UltraTech Cement has received an approval for the acquisition of approximately 23 per cent equity stake in India Cements, for…

June 27, 2024 11:33 IST

Cement firms have a concrete Rs 1.5-trillion investment plan

The estimated investment is about 1.4 times bigger than the Rs 1.13 trillion committed in new capacities, brownfield expansions, debottlenecking…

Updated: June 25, 2024 08:18 IST

cement sector, cement prices, price outlook, dream city, infrastructure push, monsoon outlook, heatwave, NDA government, Modi 3.0, housing sector, Pradhan Mantri Awas Yojana, capex

Will cement prices see a hike on dream city demand, infra push, monsoon outlook?

Per a report by InCred Equities, pan India cement prices have fallen by Rs 3-4 /bag month-on-month in May 2024.…

June 16, 2024 14:25 IST

oldest billionaires, richest old billionaires, who is kushal pal singh, indian billionaires list, top billionaires oldest indian

Kushal Pal Singh with $18.9 billion to Kishore Mariwala with $3.0 billion: The oldest billionaires in India

These nonagenarian billionaires have not only built and sustained successful businesses but have also contributed significantly to India’s economic growth…

June 12, 2024 00:11 IST

EssenceMediacom takes charge of Wonder Cement’s media strategy

Reportedly, Wonder Cement is joining the IPL as the official umpire partner

May 29, 2024 15:30 IST

sustainability, biomass briquettes, supply chain, agricultural residues, fossil fuels, greenhouse gas emissions, greenhouse gas emissions, renewable energy, energy production, carbon footprint

The role of policy in cementing sustainability: Government initiatives driving change

The Indian cement industry has aligned its actions with the Nationally Determined Contributions (NDCs) targets of India, which pledge to…

May 14, 2024 12:16 IST

Cement sector may register moderate demand in FY25

“We will be exiting FY25 with capacity of almost 86 million tonne. In FY26, we should achieve 100, 120 in…

May 11, 2024 01:40 IST

Cement volume growth recovers to 7-8% in Q4FY24, benign costs to prop up profitability on-year, says CRISIL

On the profitability front, per CRISIL, benign costs brought a sigh of relief to players in fiscal 2024 despite subdued…

April 23, 2024 13:58 IST

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Zubeen Garg death probe: Assam CM dismisses poisoning reports as ‘not police statements’

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