Page 3 - Cement Industry

Kanodia Cement files papers with Sebi seeking approval to float IPO

Cement manufacturing company Kanodia Cement has filed preliminary papers with the markets regulator Sebi, seeking its approval to float an Initial Public Offering (IPO). The IPO is entirely an Offer For Sale (OFS) of 1.49 crore shares by promoters and an individual shareholder, with no fresh issue component, according to the draft red herring prospectus (DRHP) filed on Thursday. Since the public issue is completely an OFS, the company will not receive any funds from the issue and entire proceeds will go to selling shareholders. Kanodia Cement is a cement manufacturing company operating through Satellite Grinding Units (SGUs) in the states of Uttar Pradesh and Bihar, specialising in the production of blended cement such as Portland Pozzolana Cement and Composite Cement. It operates through a unique combination of business-to-business contract manufacturing for cement brands (Contract Manufacturing Model); and production and marketing of its own consumer brands (Business-to-Consumer

Refineries to banks: Here are the sectors that topped investments in FY25

In FY25, sectors like refineries, telecom services, and iron and steel led capital investments in India

Cement majors post Q4 volume growth, expect to continue momentum in FY26

Large cement companies have reported a volume growth in the March 2025 quarter and expect enhanced performance in FY26 on better sales realisation and stable demand. Leading listed cement firms like UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat have retained around 7 to 7.5 per cent growth for the cement industry in FY26, following government spending on infrastructure projects and rural recovery. However, they are cautious about the geopolitical tensions and changing trade landscape. In the March quarter, cement makers reported gains in volumes, ranging from 3.5 to 10 per cent and an enhanced capacity utilisation on a year-on-year basis. However, their topline numbers continue to face challenges on account of lower year-on-year sales realisation, though input costs for coal, petcoke and diesel were significantly cheaper. The all-India average cement price was around Rs 350 per 50 kg bag in March 2025. Overall, in FY25, cement prices declined by 7 per cent ...

Weak demand, higher input costs may put pressure on UltraTech Cement

Blended realisation per tonne improved 8.7 per cent Y-o-Y and rose 8.1 per cent Q-o-Q to ₹6,326 per tonne. Operating profit was up by 12.3 per cent Y-o-Y and improved 59.5 per cent Q-o-Q to ₹4,620 cr

The price of building India: Why cement remains in the 28% GST slab

Cement contributes significantly to the government exchequer not just due to its high tax rate, but also because credit availment is blocked and restricted under the statute

Cement firm ACC's net profit falls 20% to Rs 751 cr in Q4, revenue up 12.7%

The company's total expenses for the quarter stood at Rs 5,514.82 crore, up 13.11 per cent Y-o-Y

ACC Q4 profit dips 1.8% as rising costs offset strong sales growth

Its sales volumes rose 14% on-year, above the 5%-12% range estimated by at least three brokerages, and lifted overall revenue by 12% to 59.49 billion rupees

UltraTech acquires Wonder WallCare at enterprise value of Rs 235 crore

The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliance, the company said in a statement

Higher mineral tax likely to pose a challenge to cement sector recovery

Limestone is a key raw material for cement. It amounts to about 65 per cent of the total raw material cost

On track to achieve all our initial targets: Birla Opus CEO Raksit Hargave

Birla Opus is the paints division of the Aditya Birla Group subsidiary Grasim Industries

Cement prices see three-month rise; dealers optimistic about future

Average pan-India cement prices are about 2-2.5 per cent higher compared to the October-December quarter of 2024-25 (Q3FY25)

Cement demand to exceed 640 mn tonnes per annum by FY30, says UltraTech

Cement demand is expected to cross 640 million tonnes per annum by FY30, said leading player and Aditya Birla group flagship firm UltraTech Cement in an investor presentation. It expects the cement demand to have a compound annual growth rate (CAGR) of 7 to 8 per cent between FY24 and FY30, citing industry estimates and research reports. The cement demand was at 424 MTPA in the financial year which ended on March 31, 2024, according to the investor presentation, a copy of which was submitted to exchanges last week. The "cement demand expected to cross 640 MTPA by FY30," said UltraTech Cement Ltd. The company is expanding its grey cement production capacity and has projected to have 209.3 MTPA output by FY27. UltraTech's capacity has increased to 182.8 MTPA so far in FY25, which includes 5.4 MTPA in overseas, from an overall 140.8 MTPA of FY24. The Aditya Birla group firm is expanding its capacity through acquisitions and brownfield as well as greenfield expansions. It plans to add

Star Cement proposes Rs 3,200-cr plant in Assam, agreement signed

Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam. A Memorandum of Understanding (MoU) in this regard was signed between the state government and the company on the concluding day of the Advantage Assam business summit on Wednesday, Chief Minister Himanta Biswa Sarma said. Apart from this, an agreement was inked between the state government and Matheson Hydrogen Lvt Ltd, which is willing to set up a Rs 1,500-crore hydrogen and steam generation plant. The state government also signed a Rs 500-crore MoU with Global Health Ltd, while two non-financial agreements were signed with ITE Education Service. Sarma said he was grateful to the companies for their support, and noted that more agreements will be signed during the day. A total of 164 MoUs of investment proposals with companies in 15 sectors were signed on day one of the 'Advantage Assam 2.0 Investment and Infrastructure Summit 2025' on Tuesday.

UltraTech Cement lines up Rs 1.8K crore capex for cables biz foray

Over the past few years, Aditya Birla Group has also adopted a closer-to-the-end-consumer approach, with an expanded presence in jewellery, fashion retail, real estate, and paints

Top 5 cement makers adopt different strategies amid Q3 earnings slump

For the October-December 2024 period, analysts and industry executives estimated demand growth of 4-5 per cent at the industry level

Increased spending on housing projects will drive demand: Cement makers

Increased spending on large-scale housing and infrastructure projects announced in the Budget by the finance minister Nirmala Sitharaman will drive demand for construction materials, and allow capacity expansion, said cement makers. The Budget presents a vision for India's economic growth emphasising rural and urban development, increased infrastructure investment, employment-led growth and strategic investments, said the Cement Manufacturers' Association (CMA) welcoming the Union Budget. "The focus on increased investments on infrastructure across states amplifies opportunities and avenues for the growth of the cement sector. We appreciate the sustained core focus on infrastructure and reiterate our commitment to being partners in the Nation's progress," said CMA President Neeraj Akhoury. Moreover, the government's push on large-scale housing and infrastructure projects will drive demand for construction materials and help in capacity expansion, he said. "We are certain that despi

Key infra sectors' growth slows to 4% in Dec 2024, shows govt data

The output of eight key infrastructure sectors slowed down to 4 per cent in December 2024, as against 5.1 per cent growth registered a year ago, according to official data released on Friday. On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024. In December, production of natural gas output recorded a negative growth. The production growth of coal, refinery products, fertiliser, and steel moderated to 5.3 per cent, 2.8 per cent, 1.7 per cent, and 5.1 per cent, respectively, against 10.8 per cent, 4.1 per cent, 5.9 per cent and 8.3 per cent in December last year. However, cement and electricity output rose to 4 per cent and 5.1 per cent in the month under review. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-December this fiscal. It was 8.3 per cent in the same period last fiscal. The eight

Ambuja Cements Q3 results: Net profit more than doubles to Rs 2,115 cr

Higher volume, one-time tax-related reversals and receipt of certain governemnt incentives aided profitability

UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal

Aditya Birla Group's UltraTech Cement acquired 55.49% stake in India Cements and 8.69% stake in Star Cement for Rs 851 crore in 2024

Most brokerages lift targets for UltraTech Cement as Q3 nos. top estimates

Goldman Sachs reportedly has maintained a 'Buy' rating and increased its target price to Rs 12,580, up from Rs 12,460, citing volume recovery and lower costs contributing to margin improvement