Dalmia Bharat Ltd News
Cement sector stocks log solid gains; Nuvoco Vistas up 26% in 2 days
Looking beyond the Q1, analysts expect domestic cement demand to grow at a healthy 6-8 per cent CAGR over FY27-FY29, driven by sustained public infra investments and housing demand.
 "Cement sector stocks log solid gains; Nuvoco Vistas up 26% in 2 days")
Q1 results preview: Cement makers build on volumes, hit margin wall
Strong infrastructure demand and a favourable base are expected to drive Q1 FY27 cement volumes, but rising fuel and input costs may weigh on margins despite better realisations
 "Q1 results preview: Cement makers build on volumes, hit margin wall")
Dalmia Bharat to acquire debt-ridden JAL's cement assets for ₹2,850 crore
Dalmia Bharat on Friday said it will acquire the cement assets of debt-ridden Jaiprakash Associates, which has been acquired by billionaire Gautam Adani-led Adani Enterprises through insolvency proceedings. Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has already executed a Business Transfer Agreement (BTA) with Jaiprakash Associates Ltd for the transaction, which is expected to complete within two weeks, a statement said. Following the takeover, Dalmia Bharat's cement capacity will increase to 54.7 million tonne per annum (MTPA). The BTA has been signed for acquisition of cement plants at Rewa (Madhya Pradesh), Churk, Chunar and Sadwa (Uttar Pradesh), with 5.2 MTPA cement capacity and 3.3 MTPA clinker capacity, at an enterprise value of Rs 2,850 crore, Dalmia Bharat said. Besides, the acquired assets also entail 99 MW of thermal power capacity with railway siding. Terming the deal "Strategic Fit", Dalmia Bharat said it will also help in market ..
 "Dalmia Bharat to acquire debt-ridden JAL's cement assets for ₹2,850 crore")
Cement shares: UltraTech, Shree Cement, JK Lakshmi, Nuvoco gain up to 5%
Despite the two-day rally, in the past one month, cement companies stocks have underperformed the market by falling up to 17%, as against 8% fall in the BSE Sensex.
 "Cement shares: UltraTech, Shree Cement, JK Lakshmi, Nuvoco gain up to 5%")