Page 4 - Cement Firms

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?

Adani Group in advanced talks to acquire Holcim businesses in India

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days

Russia-Ukraine conflict: Cement prices expected to increase by 6-13%

According to industry sources, coal and petcoke prices have increased sharply by 30-50 per cent in the last 6 months due to the Ukraine crisis.

Housing prices up 3-7% in top 8 cities in 2021; new launches up 75%: Report

Housing prices increased in the range of 3-7% last year across eight major cities due to rise in rates of construction raw materials like cement and steel, says property brokerage firm PropTiger.com.

Net profit of big cement firms surges 29.6% in pandemic-hit FY21: Report

Pandemic-hit FY21 has turned out to be a good year for the big cement companies

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

Cement firms set to report volume growth despite price moderation

The domestic cement industry has seen an average utilisation of 65 per cent over the last 5 years, said industry experts

Cement shares soar on govt's infra push; UltraTech, Shree Cement up 8%

The huge thrust on infrastructure spending by the government in the Budget 2021-22 bodes well for construction materials such as cement and steel

Cement stks dip as CCI raids cement cos on price cartelisation allegations

The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour

After three price corrections, cement firms wait for hikes in Sept, Oct

Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising

Firm realisations, cost control boost ACC's performance in June quarter

Valuation of 7.6x its CY21 EV/Ebitda and EV/tonne of $79 appears attractive

Cement firms hike prices even as expansion plans come to a grinding halt

Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

Railways asks cement firms to empty freight trains for supply of essentials

With the lockdown in place, the national transporter is using about 50-60 rakes per day to ferry food grains but there is demand for more, the sources said

Coronavirus impact: Cement firms close units, say no shortage for now

But future order book of the firms looks bleak

Cement and steel firms hike prices as construction demand picks up

Some industry players, however, warn that price recovery is supply-led and not demand

Street cuts FY20 growth estimate as demand woes continue for cement players

Prices remain on a declining trajectory, slowdown in government projects led by delay in payments continues to hurt industry

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

Mangalam Cement stock zooms 20% on robust June quarter results

The company reported a net profit of Rs 33 crore for June quarter against net loss of Rs 15 crore registered in the year- ago quarter.

Cement firms use waste in fuel mix as they look to rejig their sourcing

The company has adopted Geocycle as a co-processing technique for industrial and other wastes at its kilns