Page 2 - Cement Companies

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Cement sector on solid growth path; lower costs should support margins

India's largest cement maker, UltraTech saw an amazing 15.4 per cent volume expansion Y-o-Y, given the season and its scale

Competition Commission of India launches market study on cement sector

CCI said that some of the objectives of the study are to study the market trends including movements in cement price, cost, production, capacity, capacity utilisation and profitability

India Cements Q2 results: Net loss of Rs 85.54 cr, revenue falls by 4.72%

The revenue from operations for Q2FY24 was seen at Rs 1,264.39 crore, compared to Rs 1,327.06 crore year-on-year

Cement cos in race to increase capacity with lowest cost producer tag

Dalmia Cement is planning to take its capacity of 43.7 million tonnes per annum to 110-130 million tonnes per annum by 2031

Result preview: Cement companies may report firm profit growth for Q2

Stable prices and costs to help earnings report a higher growth over a low profitability base of last year

Shree Cement to raise up to Rs 700 cr via NCDs on private placement basis

The fundraising plan is expected to be part of the company's Rs 7,000-crore capex plan in the next phase of growth, during which it aims to add an additional 12 million tonnes of capacity

Cement cos' green power mix likely to rise to 42% by FY25: Report

Cement companies' green power mix is likely to jump to 40-42 per cent by FY25 from 35 per cent in FY23, which will lead to savings of 140-160 basis points by way of lower energy cost, a report said on Monday. Major cement players are looking at reducing their emissions by 15-17 per cent over the next 8-10 years by increasing the share of blended cement, which uses less clinker and, consequently, less fuel, Icra Ratings said in the report. This, in turn, will help increase the share of green power intake through a mix of solar, Wind and Waste Heat Recovery System (WHRS) capacities, as per the report. There is also a move to shift to alternate fuels, the report said. The rating agency estimates that the share of green power will account for 40-42 per cent of the total power mix for cement companies by March 2025 from around 35 per cent in March 2023. According to Anupama Reddy, vice-president at the agency, capital outlay towards green power investments by major cement makers for th

Higher fuel cost and low-demand headwinds seen for cement companies

Planned supply-additions likely to coincide with post-election weakness in demand. Weak monsoons, rise in fuel cost to add further woes

With infrastructure boom, cement companies build strategies to tap demand

Ready-mix concrete is another segment, which cement companies are expanding into to tap the infrastructure demand growth

Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

ACC Q1FY24 results: Net profit jumps 105% YoY to Rs 466 cr, revenue up 16%

ACC Ltd said that it expects the positive trend of the industry to continue in the coming quarter

Favourable winds blowing for cement sector, demand remains strong

Most of the majors have good balance sheets with low debt-to-Ebitda ratios

Steel, power cos bag major slice of blocks auctioned in 6th coal auctions

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola - VI mine in Madhya Pradesh (MP). Jindal Power won Gare Palma Sector - I, Gare Palma IV/2 and Gare Palma IV/3 coal mines located in Chhattisgarh. Rungta Sons Private Limited has bagged Sakhigopal B Kankili and Chhendipada (Revised) blocks in Odisha, and Choritand Tiliaya in Jharkhand. RCR Steel Works won Patal East (Eastern Part) located in Jharkhand, Orissa Metallurgical Industry has secured Kagra Joydev mine in West Bengal. Cement companies Ambuja Cements Limited won Dahegaon-Gowari mine in Maharashtra, Ultratech Cement got Arjuni East in Madhya Pradesh, Dalmia Cement (Bharat) won Mandla North in Madhya Pradesh, Rama Cement Industries got 1 Marwatola VII mine in

Cement firms may invest Rs 1.2 trn to add 145-155 MT capacity by FY27

The continuing demand for housing, accounting for 60-65 per cent of cement demand, and aggressive government investments in infrastructure will drive demand, nudging cement-makers to add 145-155 MT in fresh capacity at an investment of Rs 1.2 lakh crore by FY27, according to a report. With 570 million tonne (mt) of installed capacity, India is the world's second-largest cement producer after China. Between FY12 and FY23, the installed capacity grew by a whopping 61 per cent to 570 MT from 353 MT in FY12 -- a net addition of 217 MT from 2013 to 2022 -- and FY22 saw the highest capacity addition of 34 MT. Cement companies are expected to go on an expansion spree, and add 145-155 MT capacity between FY 2023 and 2027. That translates to a 4-5 per cent compound annual growth rate on a high base. A robust 6-7 per cent CAGR expected in demand over these five fiscals will encourage the growth in supply, Crisil said in a note. The expected 145-155 MT of fresh capacity addition will entail a

Q3 results preview: Cement sector profits seen weak despite strong sales

While improving demand has strengthened sales growth of cement firms, input costs have declined marginally: Analysts

Acquisition of JP's cement capacity a good long-term move by Dalmia

After acquisition, Dalmia's capacity mix will include 52 per cent in the east, 26 per cent in the south, 16 per cent in the central region and 6 per cent in the west

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Cement companies plan to raise prices by Rs 10-15 per bag in Dec: Report

The price of cement is hardening across the country and since August this year, the rates have gone up by Rs 16/per bag, said Emkay Global Financial Services Ltd

Price hikes may not stall cement companies' profit dip: CareEdge

Operating profit margins likely to contract by 320-380 basis points to 16.3-16.8 per cent in FY23, says CareEdge Ratings, as input cost pressures remain