Page 7 - Cement Sector

India's cement sector to add 80-100 mt capacity by FY25: K M Birla

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

Ambuja Cement Q2CY22 results: A look at figures for the last four quarters

This will be the first result announcement by the company since it was acquired by the Adani group in May 2022

Market may be pricing in negatives for cement sector as demand stays flat

One key question is, has the market already discounted the negatives and is there too much pessimism about the sector?

Cement, steel, paint firms eye painful quarters ahead

Rising interest rates, along with elevated raw material cost, are hitting the building material sector hard. Find out about the near-term sore points for related industries and how to play the theme.

Cement sector's capacity utilisation to drop to 65%: Fitch Ratings

Fitch Ratings said it believes a sustained GDP growth, the government's thrust on infrastructure and affordable housing, and a revival in corporate capex, will underpin growth of the cement sector

Coal supply by CIL to captive power plants, cement sector drops in May

The fuel supply by Coal India Ltd (CIL) to captive power plants dropped 39.74 per cent in May 2022 over the year-ago period

UltraTech expansion plans suggest higher competition likely in cement biz

Other key players have also announced plans to significantly raise capacities

Cement stocks under pressure as UltraTech announces Rs 12,866 cr capex plan

Shares of cement companies like UltraTech Cement, Dalmia Bharat, JK Cement, The Ramco Cements and Shree Cement were down in the range of 2 per cent to 6 per cent.

Billionaires bet on Indian cement sector for big ticket investments

Premji Invest, Damani pick up minority stakes in smaller cement companies

Holcim considering potential sale of India's $9.6 bn Ambuja Cements

Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions

Analysts say cement stocks now attractive; price hikes to ease margin woes

Analysts believe current input cost headwinds are transitory as likely price hikes by companies will help aid margin pressures.

Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why

Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE

Demand recovery crucial to fill up cracks in cement sector

Dec qtr results were disappointing as costs escalated and volumes came under pressure

Budget 2022: Massive capex push buoys infra, cement, steel stocks

A strong capital expenditure announced in Union Budget FY23 coupled with renewed focus on the affordable housing segment have led to a sharp jump in share prices of companies associated with infra

Cement demand recovery continues post second wave, says report

Cement prices are expected to rise during H2FY22, as cost inflation firms up unabatedly, said a report by HDFC Securities

Switzerland-based Holcim group losing share in Indian cement market

Swiss multinational is now a distant second in the country's cement market, behind Ultratech

Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know

Nuvoco Vistas IPO: Despite healthy operational performance, higher depreciation and interest cost have led to an inconsistent performance at the PAT level for Nuvovo Vista

Orient Cement hits over 3-year high on strong operational performance in Q1

In Q1FY22, Ebitda margins improved by 250 basis points to 27.25 per cent in June 2021 quarter, sequentially.

Prospects for cement industry in FY22 look bright, says Kumar Birla

The Indian cement sector is the second-largest cement industry in the world, according to CMA.

Ambuja Cement profit soars over 2-folds to Rs 1,161 cr in Apr-Jun

Ambuja Cement Ltd, part of Swiss building material major Holcim group, on Friday reported nearly two-fold jump in consolidated net profit to Rs 1,161.16 crore in the quarter ended on June 30