Page 15 - Cement Industry

Cement demand expected to decline by 10-15% in Q2 2020: India Ratings

Rural demand will continue to outperform urban demand and companies having higher individual home builder exposure will remain better placed

JK Cement Q1 net profit down 62.25% to Rs 50 cr due to Covid-19 lockdown

The company had posted a net profit of Rs 132.30 crore in April-June period a year ago, JK Cement said in a regulatory filing

Cement demand likely to shrink by up to 25% in FY21 due to lockdown: Icra

While rural housing and infrastructure projects in remote areas would support cement consumption, urban-led demand is headed for a slowdown

Covid-19: ACC profit down 40.5% to Rs 270 cr in Apr-Jun, sales fall 37.2%

The company, which follows a January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago

Radhakishan Damani looks to acquire controlling stake in India Cements

Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder

As unlock looms, capacity utilisation improves for steel, cement companies

For cement companies, easing of logistical hurdles and improved workers' availability have helped move production levels in May

India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent

It's back to business for industry, but not quite 'business as usual' yet

From high-end cars and mobiles to steel and cement, demand is rising

Shree Cement's March quarter shows why it commands rich valuations

Highest margins, strong balance sheet, high free cash flow are well priced in

Covid-19 impact: Demand collapse derails infra, services sectors' growth

While a slowing economy had led to deceleration in demand, the lockdown has increased the pain, besides resulting in labour shortages and delay in project execution

After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

Covid-19 impact: With retail shut, cement and stocks pile up at factories

Starting construction may have no impact on demand if the loha and cement mandis don't open

ACC's strong operating performance lifts sentiment amid Covid-19 lockdown

Despite the lockdown impacting volumes, lower costs drove earnings and beat expectations

UP allows 9 industries to operate at 50% capacity amid Covid-19 lockdown

These industries include cement, steel, chemical, textile barring garments, foundries and a few others

Working capacity at 25% may be unviable as industry awaits end of lockdown

Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.

Shipping Ministry protocol for vessels to hurt cement industry importers

According to the protocol rolled out over the weekend by the ministry, vessels arriving at Indian ports from infected countries within 14 days have to be quarantined for 14 more days.

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

But future order book of the firms looks bleak

Coronavirus impact on us relatively limited: Sameer Nagpal CEO Dalmia-OCL

In refractories, the raw material supply chain is very much dependent on China. There have been some minor disruptions but not any major impact on the supply chain side

Cement players with focus on North and Central India remain better placed

Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent.

India Cements posts Rs 5.37 cr standalone loss in Q3 on poor demand

First loss for the company in 19 quarters; total income, Editda also dip