Page 14 - Cement Industry

Cement industry expected to grow 13% by volume in FY22: Crisil Ratings

The cement industry is set to hit a decadal high volume growth of 13 per cent in the next fiscal

HeidelbergCement saw good start to 2021, 2020 core profits up by 6%

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said

ACC Ready Mix launches low-carbon range of eco-friendly concrete products

Launched in Mumbai and Hyderabad, ECOPact range will be rolled out across India in a phased manner in the next few weeks

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

Shree Cements third quarter profit jumps over two folds to Rs 632 cr

Shree Cements on Saturday posted over two-fold jump in consolidated net profit

Gadkari calls for research to explore cheaper options to cement, steel

This comes amid rising steel prices in the country

Profits had been falling for Jagan Mohan Reddy family cement firm

Bharathi Cement, part-owned by AP chief minister's family, faces allegations of getting bulk of state govt orders

Cement manufacturers accuse builders of misleading govt, cartelisation

The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation

Cement demand expected to rise by up to 20% in fiscal 2022: Icra

Cement demand is expected to increase by up to 20 per cent in the next fiscal year with volume touching FY19-FY20 levels, rating agency ICRA said

Big steel, cement companies are operating as a cartel: Nitin Gadkari

It will be difficult to achieve Prime Minister Narendra Modi's dream of making India a $5 trillion economy if the steel and cement prices keep going up, Gadkari said

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

JSW Cement arm to invest over Rs 1,500 cr to set up clinker unit in Odisha

The plant will have an annual capacity of 1.36 million tonne

Shree Cement's superior Q2 show will help sustain premium valuations

With the company's cost leadership being maintained, it reported much better per tonne operating profit

Hindalco turns environment-harming product into a money-minting resource

The aluminium maker's breakthrough in regenerating red mud for the construction industry addresses a serious environmental concern

Demand recovery hope, price hikes brighten outlook of cement players

UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks

Covid-19 impact: Recovery for cement erratic, but margins may hold

A combination of reduced overhead expenses and cut in fuel cost could help shield margins.

India Cements re-appoints Rupa Gurunath as whole time director for 5 yrs

Gurunath holds chairmanships/directorships in Coromandel Travels Ltd, Coromandel Electric Company Ltd., ICL Shipping and India Cements Infrastructures Ltd

Cement industry has started recovering: India Cements MD Srinivasan

The Indian cement industry has started recovering from the impact of COVID-19 helped by pent-up demand and improved rural markets, India Cements Vice-Chairman & Managing Director N Srinivasan said. The company expects an uptick in demand on the back of government's push towards infrastructure projects such as construction of highways, rural infrastructure and irrigation projects, Srinivasan said while addressing the 74th Annual General Meeting of India Cements Ltd (ICL). "The industry has started recovering slowly from May 2020 given the pent-up demand and the improved rural demand," Srinivasan said while addressing the shareholders virtually. During the first quarter of FY2021, Andhra Pradesh and Telangana governments re-started their infrastructure projects and housing for poor schemes. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This along with pick up ..

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday